The New York Stock Exchange (NYSE) announced the development of a digital platform for trading and settlement of tokenized securities. The platform will enable 24/7 operations, instant settlement, and fractional share ownership.
The new NYSE platform, part of the Intercontinental Exchange (ICE) group, will be designed for trading tokenized stocks and exchange-traded funds (ETF) listed in the U.S. According to the press release, the platform will operate around the clock, allow orders to be placed in U.S. dollars, and provide immediate trade finality through the use of tokenized capital.
The solution is based on a combination of the high-performance NYSE Pillar trading engine and post-trade blockchain systems. The platform’s architecture provides support for multiple blockchains for settlement and asset custody, as well as the use of stablecoins to fund transactions.
To launch the new venue, NYSE plans to obtain the necessary regulatory approvals. Once approved, trading will be available both in tokens fully equivalent to traditional shares and in digital securities originally issued in tokenized form. Holders of such tokens will retain the right to receive dividends and participate in corporate governance. Access to trading will be provided to all qualified broker-dealers on a non-discriminatory basis.
The project is part of ICE’s broader digital strategy. The company is preparing its clearing infrastructure for round-the-clock operations and is considering the integration of tokenized collateral. Currently, ICE is working with major banks, including BNY and Citi, to implement tokenized deposits within its clearing houses. This is expected to allow market participants to move funds outside standard banking hours, meet margin requirements on time, and manage liquidity across different time zones.
Intercontinental Exchange operates six clearing houses worldwide, including the world’s largest energy clearing platform and the largest clearing house for credit default swaps. According to NYSE and ICE leadership, the transition to on-chain infrastructure will be a key stage in the evolution of financial markets and the foundation for a digital model of global securities trading.
ICE is collaborating with Circle to develop new products based on the USDC stablecoin and the tokenized instrument US Yield Coin (USYC).
