NYSE and Blockchain.com strike deal to bring tokenized stocks to crypto users
NYSE is building out its planned tokenized securities market through partnerships covering issuance, trading infrastructure and distribution.
Blockchain.com and NYSE Group have agreed to explore a partnership that could connect crypto users with tokenized US equities and ETFs through the NYSE’s digital ATS, the companies said Wednesday.
The digital ATS is a planned regulated trading venue for tokenized securities. The system would allow eligible US-listed equities and ETFs to be traded in tokenized form while preserving the underlying security, shareholder rights and corporate actions.
The initiative remains subject to regulatory approvals and is expected to expand the reach of tokenized securities among crypto-native investors.
The partnership also covers the exchange of market data between the companies. ICE Data Services plans to distribute Blockchain.com’s crypto market intelligence to its clients, while the global crypto platform plans to embed NYSE and ICE data feeds in its platform for its more than 44 million confirmed accounts.
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NYSE is assembling the infrastructure for its planned tokenized securities market through partnerships covering issuance, trading and distribution. In March, it signed a Memorandum of Understanding with Securitize to develop infrastructure for tokenized securities on its upcoming digital trading platform.