The NYSE, owned by ICE, is reportedly developing a blockchain platform for trading and on-chain settlement of tokenized securities, planning to seek regulatory approvals for a new NYSE venue powered by this infrastructure. The system aims to support 24/7 operations, instant settlement, orders sized in dollar amounts, and stablecoin-based funding. It combines NYSE’s Pillar matching engine with blockchain-based post-trade systems capable of supporting multiple chains for settlement and custody. The platform will support U.S.-listed equities and ETFs, including fractional share trading, with tokenized shareholders retaining traditional dividends and governance rights. ICE is also working with banks like BNY and Citi to support tokenized deposits across ICE’s clearinghouses, aiming to facilitate money transfer and margin obligation fulfillment outside traditional banking hours.

The NYSE, owned by ICE, is reportedly developing a blockchain platform for trading and on-chain settlement of tokenized securities, planning to seek regulatory approvals for a new NYSE venue powered by this infrastructure. The system aims to support 24/7 operations, instant settlement, orders sized in dollar amounts, and stablecoin-based funding. It combines NYSE’s Pillar matching engine with blockchain-based post-trade systems capable of supporting multiple chains for settlement and custody. The platform will support U.S.-listed equities and ETFs, including fractional share trading, with tokenized shareholders retaining traditional dividends and governance rights. ICE is also working with banks like BNY and Citi to support tokenized deposits across ICE’s clearinghouses, aiming to facilitate money transfer and margin obligation fulfillment outside traditional banking hours.