NYSE to Build Platform for Tokenized Securities Trading
The New York Stock Exchange (NYSE), part of Intercontinental Exchange (ICE), has announced plans to develop a new platform for trading and settling tokenized securities, pending regulatory approval.
The platform is designed to enable 24/7 trading of U.S.-listed equities and ETFs, support fractional share transactions, and provide near-instant settlement using tokenized capital. Funding will be supported through stablecoins, allowing greater flexibility outside traditional banking hours.
The system will combine the NYSE’s Pillar matching engine with blockchain-based post-trade infrastructure. It will be capable of supporting multiple blockchains for settlement and custody, enabling fully digital trading and settlement workflows.
Once approved, the platform will operate as a new NYSE trading venue, allowing tokenized shares that are interchangeable with traditionally issued securities, as well as securities issued natively on-chain. Investors holding tokenized shares will retain the same dividend and governance rights as traditional shareholders. Access will be provided to all qualified broker-dealers under established, non-discriminatory market structure principles.
This initiative forms part of ICE’s broader digital strategy, which includes modernizing clearing infrastructure for round-the-clock trading and exploring the use of tokenized collateral. ICE is collaborating with major banks, including BNY and Citi, to support tokenized deposits across its clearinghouses. These efforts aim to help clearing members manage liquidity, meet margin requirements, and operate across multiple time zones more efficiently.
NYSE President Lynn Martin said the exchange is advancing toward fully on-chain market infrastructure while maintaining the regulatory standards and investor protections that have defined the NYSE for over two centuries.
ICE leadership emphasized that supporting tokenized securities represents a key step in the evolution of global financial markets, enabling on-chain trading, settlement, custody, and capital formation in a digitally native environment.