New York Stock Exchange to Create a Platform for Tokenized Securities
The New York Stock Exchange and its parent company, Intercontinental Exchange (ICE), are creating a platform to support the trading and settlement of tokenized securities on blockchain technology.
The regulator-approved system will enable continuous trading, instant settlement, and funding in stablecoins, while supporting multiple blockchain networks. Shareholders of tokenized securities will receive dividends and retain governance rights, just like traditional investors.
Lynn Martin, President of NYSE Group, stated that the company is developing blockchain-based solutions that combine trust, regulatory standards, and advanced technologies.
“We are industry leaders in the blockchain solutions sector, built on unprecedented protection and high regulatory standards that allow us to combine trust with the most advanced technologies.
Leveraging our experience to reimagine market infrastructure is how we will meet and shape the needs of the digital future,” Lynn Martin noted.
The Atlanta-based exchange operator is already working with major banks BNY and Citi to expand its tokenized deposit infrastructure in order to support liquidity, margin obligations, and cross-border financing.
See also: "Trump’s remarks triggered massive liquidations and a 3% drop in Bitcoin"
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