NYSE Joins Forces with DTCC for Onchain Tokenized Securities Settlement

NYSE, one of the world's largest stock exchanges, is pushing forward with its onchain settlement platform for tokenized securities. In a recent development, NYSE President Lynn Martin confirmed that the exchange has been participating in the Depository Trust & Clearing Corporation's (DTCC) tokenization pilot since July.

According to Martin, NYSE will continue exploring how the technology can serve as core infrastructure for global financial markets, bridging traditional finance with decentralized finance (DeFi). The goal is to enable 24/7 onchain trading and settlement of U.S. equities and exchange-traded funds (ETFs), including fractional shares and stablecoin-based funding.

The platform will arrive alongside DTCC's own tokenization rollout, which includes major production tokenization initiative covering Russell 1000 stocks, key U.S. Treasury instruments, and major ETFs. Over 50 firms have contributed to the effort, with Blackrock, Goldman Sachs, JPMorgan, and crypto-native firms like Anchorage and Circle providing input.

NYSE's efforts are part of a broader tokenization land grab in the industry, with ICE, NYSE's parent company, investing in OKX at a $25 billion valuation. The deal aims to let OKX users trade tokenized stocks and derivatives tied to NYSE-listed assets later this year.