The New York Stock Exchange (NYSE) announced this Monday (19) the development of a new platform to trade tokenized securities. In practice, it involves the purchase and sale of shares represented by blockchain.
According to the exchange, the platform will allow trading 24 hours a day, every day of the week, with immediate settlement, that is, the conclusion of the operation immediately after trading, without waiting a few days as is currently the case.
The system will also allow the purchase of fractional shares, with orders placed in dollar amounts, in addition to the use of to move resources. The infrastructure will combine current NYSE trading technology with trading-based systems for recording and settling trades.
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““We are leading the industry towards fully on-chaingrounded in unparalleled protections and high regulatory standards that allow us to unite trust with cutting-edge technology,” says Lynn Martin, president of the NYSE Group. “Leveraging our expertise to reinvent market infrastructure is how we will meet and shape the demands of a digital future.”
In the future, the NYSE intends to create a new trading environment for these assets. It may include both traditional shares converted into tokens and bonds issued directly in digital format. Even in this model, investors will have the same rights as common shareholders, such as receiving dividends and participating in voting.
According to the NYSE, access to the new platform will be open to qualified brokers, following rules similar to those of the traditional market.
The initiative is part of the broader digital strategy of Intercontinental Exchange, which controls the NYSE. The group is also studying adapting its compensation structures to operate continuously and integrate financial guarantees in a tokenized format. In this process, the company reported that it works with banks such as BNY and Citi to enable tokenized deposits, facilitating transfers outside banking hours and in different time zones.
