NYSE working on a new platform for trading digital tokens around the clock
AP News • • business
Key Points:
- The New York Stock Exchange (NYSE) is developing a separate digital platform to enable 24/7 trading of digital tokens, allowing instant settlement and stablecoin-based funding.
- This platform aims to facilitate trading of tokenized assets such as stocks, bonds, real estate, and fractional ownership using blockchain technology.
- The initiative is part of Intercontinental Exchange's effort to expand its clearing capabilities for round-the-clock trading of tokenized securities and the possible use of tokenized collateral.
- Intercontinental Exchange is collaborating with major financial institutions including Citigroup and Bank of New York Mellon to support tokenized deposits across its six global clearinghouses.
- The platform's launch is contingent on regulatory approval and would create a new NYSE venue for
%3Amax_bytes(150000)%3Astrip_icc()%2FFoods-You-Should-Buy-Every-Week-if-Youre-Taking-Ozempic-7bc85d310f074e0bacd33383c26fa41c.jpg?format=webp&w=1280)