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New York Stock Exchange building venue for 24/7 tokenized stock and ETF exchange — will leverage blockchain to work around the clock in a bid to modernize trading

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Tom's Hardware

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The New York Stock Exchange (NYSE) is planning to establish a new venue for 24/7 trading of tokenized stocks and ETFs, leveraging blockchain technology to enable instant settlement. This move aims to modernize stock trading by moving away from the traditional model of limited trading hours. The platform, expected to launch later this year, will integrate NYSE's Pillar buyer-seller matching engine with blockchain technology and stablecoin-backed shares. ICE, the owner of NYSE, is in talks with the SEC for regulatory approval, and the initiative could revolutionize cash flow management and eliminate delays in equity markets. This development follows similar moves by other financial institutions, indicating a growing trend towards digital transformation in finance.

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