Blockchain.com & NYSE Partner on Global Trading of Tokenized Securities
Blockchain.com and the NYSE Group have announced a partnership to explore global trading of tokenized securities. The collaboration aims to provide Blockchain.com's user base access to U.S. exchange-listed equities and ETFs on the NYSE's digital ATS.
The companies will also share market data, with ICE Data Services distributing Blockchain.com's crypto market data and analytics to its clients, while Blockchain.com incorporates NYSE and ICE data feeds into its app.
Tokenized stocks may offer fractional ownership, around-the-clock trading, investment access for global investors, and faster on-chain settlement. The companies believe that tokenized securities will become a major advancement in the modern financial landscape, with Citi Institute forecasting $5.5 trillion in tokenized assets by 2030.
Peter Smith, Executive Chairman, CEO, and Co-Founder of Blockchain.com, said: 'Tokenized stocks are one of the most impactful advancements in the modern financial landscape.' Lynn Martin, President of NYSE Group, added that institutions uniting traditional finance with digital assets will shape the future of capital markets.