The New York Stock Exchange announces that it is developing a tokenized securities trading platform

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Mars Finance reports that according to Businesswire, the New York Stock Exchange has announced that it is developing a tokenized securities trading and on-chain settlement platform, and will seek regulatory approval for it. The platform will support a tokenized trading experience, including 24/7 operation, instant settlement, USD-denominated orders, and stablecoin-based financing. Its design integrates the exchange’s Pillar matching engine and a blockchain-based post-trade processing system, with support for multi-chain settlement and custody. Once approved by regulators, the platform will provide a new trading venue for the NYSE, supporting tokenized stocks that are interchangeable with traditional securities and native-issued digital security tokens. Tokenized shareholders will enjoy traditional dividend rights and corporate governance rights. The design of this trading venue complies with established market structure principles and will be distributed through non-discriminatory channels to all qualified broker-dealers.

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