Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), revealed plans on January 19 to create a trading platform for tokenized U.S.-listed equities and exchange-traded funds. The platform aims to enable 24/7 trading and immediate settlement using tokenized capital, while also supporting fractional share trading. This initiative represents a strategic move towards faster settlement times in market infrastructure. The proposed platform would operate separately from the core NYSE exchange and is still subject to regulatory approvals. ICE's platform combines the NYSE’s existing Pillar matching engine with blockchain-based post-trade systems, supporting multiple blockchains for settlement and custody. Tokenized shares would remain fungible with traditionally issued securities, and token holders would retain traditional entitlements.

Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), revealed plans on January 19 to create a trading platform for tokenized U.S.-listed equities and exchange-traded funds. The platform aims to enable 24/7 trading and immediate settlement using tokenized capital, while also supporting fractional share trading. This initiative represents a strategic move towards faster settlement times in market infrastructure. The proposed platform would operate separately from the core NYSE exchange and is still subject to regulatory approvals. ICE's platform combines the NYSE’s existing Pillar matching engine with blockchain-based post-trade systems, supporting multiple blockchains for settlement and custody. Tokenized shares would remain fungible with traditionally issued securities, and token holders would retain traditional entitlements.