Intercontinental Exchange’s New York Stock Exchange unit disclosed plans Monday for a pioneering platform to trade and settle tokenized securities on a blockchain. The development signals a potential future of 24/7 trading for mainstream US financial products like stocks and ETFs, awaiting regulatory sign-off.
The platform, as described in a press release, will feature around-the-clock trading sessions, enable investors to buy fractional shares in dollar-based orders, and ensure immediate settlement. Support for stablecoin payments is baked into its blueprint.
This new system integrates the NYSE’s existing Pillar matching engine with a blockchain layer for post-trade processes. It is designed for multi-chain compatibility and is meant to power a dedicated NYSE marketplace for digital securities.
Upon receiving approval, the venue plans to list two asset classes: traditional securities in tokenized wrappers and securities natively issued on-chain. Rights to dividends and governance for token holders will be preserved, with access extended on equal terms to approved financial intermediaries.
The initiative is a cornerstone of ICE’s comprehensive digital strategy, which includes parallel work to adapt its clearing infrastructure to support continuous, non-stop trading operations.
