The New York Stock Exchange (NYSE) is developing a platform for trading and on-chain settlement of tokenized US equities and ETFs, pending regulatory approval, according to a company statement.

The platform aims to support 24/7 trading, fractional shares, dollar-based orders, and immediate settlement using tokenized capital, with stablecoin funding options.

It will combine the NYSE’s Pillar matching engine with blockchain-based infrastructure and support multiple blockchains for settlement and custody.

If approved, the platform would enable trading of tokenized shares with the same rights as traditional securities.

The initiative is part of Intercontinental Exchange’s (ICE) broader digital strategy, which includes enabling tokenized deposits across its clearinghouses to facilitate outside-hours fund management.

ICE officials said the move supports the NYSE’s goal to advance on-chain market infrastructure, aligning with growing interest in round-the-clock trading models.

🔗 Source: The Block