NYSE Develops Platform for Tokenized Securities Trading and Settlement

According to BlockBeats, on January 19, the New York Stock Exchange (NYSE), part of the Intercontinental Exchange Group, announced the development of a platform for tokenized securities trading and on-chain settlement, seeking regulatory approval for its implementation. The NYSE's new digital platform aims to offer a tokenized trading experience with features such as 24/7 operations, instant settlement, order placement in USD amounts, and stablecoin-based fund transfers. The design integrates the NYSE Pillar matching engine with a blockchain-based post-trade system, enabling multi-chain settlement and custody capabilities. Upon receiving regulatory approval, the platform will facilitate a new NYSE trading venue, supporting tokenized stock trading interchangeable with traditional issued securities, as well as native digital securities tokens source: https://www.binance.com/en/square/post/35295872171458?utm_source=BinanceNewsRSS