NYSE and Blockchain.com Unveil Tokenized US Equities Partnership
Blockchain.com and NYSE Group have signed a memorandum of understanding to give users access to tokenized US exchange-listed equities and ETFs on the planned digital alternative trading system.
The agreement, announced September 23rd, is an exploratory distribution plan that remains 'subject to any required regulatory approvals.' No financial terms or launch date were disclosed. The NYSE venue itself has not launched, but plans to support 24/7 trading of US-listed stocks and ETFs, fractional shares, stablecoin-based funding, and instant onchain settlement.
'Connecting to the NYSE digital ATS will enable us to extend the opportunity to invest in these digital assets to tens of millions of Blockchain.com users around the world,' said Peter Smith, Blockchain.com's co-founder and CEO. Lynn Martin, NYSE Group President, called Blockchain.com 'a natural complement' to their tokenized securities platform.
The agreement also covers market data in both directions: ICE Data Services will distribute Blockchain.com's crypto market data and analytics to its subscribers, while Blockchain.com will bring certain ICE and NYSE exchange data feeds into its app. The company has more than 44 million confirmed accounts.