NYSE, Blockchain.com Team Up on Tokenized Trading
The NYSE and Blockchain.com have partnered to explore the trading of tokenized stocks and ETFs, marking a significant step towards broader blockchain adoption in U.S. markets.
Under the agreement, users of Blockchain.com will gain access to NYSE's proposed digital trading system, allowing them to trade tokenized versions of publicly traded stocks 24/7.
The SEC has also announced its plans for a five-year 'innovation exemption' for tokenized securities, which would enable authorized Tokenized Securities Venues (TSVs) to trade tokenized versions of publicly traded stocks around the clock.
CFTC chair Michael Selig emphasized the need for regulatory bodies to adapt to the changing market landscape, saying that 'global derivatives markets are fundamentally different from the market we knew two decades ago.'