The NYSE, under ICE's ownership, is developing a platform for on-chain settlement and trading of tokenized securities, pending regulatory approval. The system aims to support 24/7 operations, instant settlement, and stablecoin-based funding, combining NYSE’s matching engine with blockchain-based post-trade systems. It will support multiple chains for settlement and custody, though specific blockchains were not named. The scope includes U.S.-listed equities and ETFs, with tokenized shareholders retaining traditional dividends and governance rights. This initiative pairs continuous trading with immediate settlement, requiring market participants to pre-position cash, credit lines, or eligible on-chain funding. ICE is also collaborating with banks like BNY and Citi to support tokenized deposits across its clearinghouses, as part of a broader digital strategy.

The NYSE, under ICE's ownership, is developing a platform for on-chain settlement and trading of tokenized securities, pending regulatory approval. The system aims to support 24/7 operations, instant settlement, and stablecoin-based funding, combining NYSE’s matching engine with blockchain-based post-trade systems. It will support multiple chains for settlement and custody, though specific blockchains were not named. The scope includes U.S.-listed equities and ETFs, with tokenized shareholders retaining traditional dividends and governance rights. This initiative pairs continuous trading with immediate settlement, requiring market participants to pre-position cash, credit lines, or eligible on-chain funding. ICE is also collaborating with banks like BNY and Citi to support tokenized deposits across its clearinghouses, as part of a broader digital strategy.