Tokenized securities are moving closer to Wall Street as the New York Stock Exchange works on a new platform that would allow round-the-clock trading and onchain settlement of U.S.-listed stocks and ETFs, pending approval from regulators.
NYSE Outlines How The New Platform Will Work
According to TheBlock’s report, the New York Stock Exchange said it is building a system that blends its existing market structure with blockchain-based settlement tools. At the center of the plan is support for tokenized securities, which would allow shares to trade at any hour of the day rather than within fixed market sessions.
The platform will use the NYSE Pillar matching engine for order execution, while post-trade settlement will happen onchain. The exchange said it is designing the system to work with more than one blockchain, covering both settlement and custody.
If cleared by regulators, investors would be able to buy fractional shares, place orders based on dollar value, and settle trades almost instantly using tokenized capital. The design also includes stablecoin-based funding, which could allow market participants to move money without waiting for banks to open.
The NYSE said the platform is meant to support a new trading venue focused on digital assets that meet existing market standards. Access would be limited to qualified broker-dealers and offered on a non-discriminatory basis, in line with current exchange rules.
Rights And Structure Of Tokenized Shares
Under the proposal, tokenized securities would be fully interchangeable with traditionally issued shares. Holders would keep the same rights, including dividends and voting power, as investors who own regular stock.
The exchange said the venue would support both tokenized versions of existing shares and assets issued directly as digital securities. This structure is aimed at keeping legal ownership and investor protection intact while shifting settlement to a faster system.
In a similar development, South Korea’s lawmakers have approved a new amendment that clearly allows the issuing and trading of tokenized securities.
ICE Expands Onchain Clearing Strategy
The project fits into a wider push by Intercontinental Exchange, the NYSE parent company, to prepare its clearing systems for nonstop markets. ICE said it is working with banks such as BNY and Citi to enable tokenized deposits across clearinghouses.
As detailed, these deposits would help clearing members manage funds across time zones and meet margin calls outside normal banking hours.
Notably, ICE executives said this shift reflects growing demand for market access that mirrors the always-on model seen in digital asset trading, while keeping regulatory safeguards in place.
Meanwhile, Last year, the United States Commodity Futures Trading Commission (CFTC) officially announced that tokenized assets can now be used as collateral in derivatives markets.