tldr; The New York Stock Exchange (NYSE) plans to launch a platform for trading tokenized securities with 24/7 crypto-style trading. The platform will enable fractional-share purchases, dollar-sized orders, and immediate settlement using tokenized capital and stablecoins. It combines NYSE’s Pillar matching engine with blockchain-based post-trade systems. Subject to regulatory approval, the platform will support fungible tokenized shares and natively issued digital securities, aiming to modernize market infrastructure for a digital future.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
AutisticGayBear69 on
This makes a lot of sense in terms of the settlement process and hopefully curbs / stops (naked) short selling.
cryptolipto on
Huge. When people say crypto isn’t doing anything just point them to stories like this. We are literally watching this technology transform the world of finance in real time.
It’s your bags that are going nowhere. That’s why you feel like that. You just chose the wrong project
EDIT. ICE (NYSE) is already live on chainlink data streams.
I’ve got first hand experience of the nyse infra, this is a different game now….
pcm2a on
Does this mean you will be able to buy and sell Apple stock on the weekend on Fidelity? When the tokenized version of Apple tanks over the weekend, when the market opens on Monday will the stock price be the same as the token price?
beambot on
Which chain…?
epic_trader on
Because no one reads:
>According to reports, NYSE’s new digital platform will enable tokenized trading experiences, including fractional-share purchases, orders sized in dollars, and immediate settlement using tokenized capital and stablecoin-based funding.
>Its design combines the NYSE’s cutting-edge Pillar matching engine with post-trade systems built on blockchain, which can support multiple chains for settlement and custody.
>Tokenized shareholders would retain the same dividend and governance rights as traditional shareholders, with access provided to qualified broker-dealers on a non-discriminatory basis.
Everyone right now are thinking “Will this be on my blockchain?”, but no one actually knows. I think this sounds like they will launch their own centralized exchange which will settle to 1 or more L1s, or some centralized exchanges like Coinbase and brokers will be able to offer trading to approved users, but this is just speculation.
What it doesn’t sound like, is that they would launch a decentralized exchange or tokens on any L1.
tightywhitey on
Please let me buy the ETH ETF as a tokenized share of a sharelized token.
11 Comments
tldr; The New York Stock Exchange (NYSE) plans to launch a platform for trading tokenized securities with 24/7 crypto-style trading. The platform will enable fractional-share purchases, dollar-sized orders, and immediate settlement using tokenized capital and stablecoins. It combines NYSE’s Pillar matching engine with blockchain-based post-trade systems. Subject to regulatory approval, the platform will support fungible tokenized shares and natively issued digital securities, aiming to modernize market infrastructure for a digital future.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This makes a lot of sense in terms of the settlement process and hopefully curbs / stops (naked) short selling.
Huge. When people say crypto isn’t doing anything just point them to stories like this. We are literally watching this technology transform the world of finance in real time.
It’s your bags that are going nowhere. That’s why you feel like that. You just chose the wrong project
EDIT. ICE (NYSE) is already live on chainlink data streams.
https://www.chainlinkecosystem.com/ecosystem/ice
This is why we diversify into a few select alts
Everybody looking to see who it’s gonna be
About 20 years late, but it’ll do.
I’ve got first hand experience of the nyse infra, this is a different game now….
Does this mean you will be able to buy and sell Apple stock on the weekend on Fidelity? When the tokenized version of Apple tanks over the weekend, when the market opens on Monday will the stock price be the same as the token price?
Which chain…?
Because no one reads:
>According to reports, NYSE’s new digital platform will enable tokenized trading experiences, including fractional-share purchases, orders sized in dollars, and immediate settlement using tokenized capital and stablecoin-based funding.
>Its design combines the NYSE’s cutting-edge Pillar matching engine with post-trade systems built on blockchain, which can support multiple chains for settlement and custody.
>Tokenized shareholders would retain the same dividend and governance rights as traditional shareholders, with access provided to qualified broker-dealers on a non-discriminatory basis.
Everyone right now are thinking “Will this be on my blockchain?”, but no one actually knows. I think this sounds like they will launch their own centralized exchange which will settle to 1 or more L1s, or some centralized exchanges like Coinbase and brokers will be able to offer trading to approved users, but this is just speculation.
What it doesn’t sound like, is that they would launch a decentralized exchange or tokens on any L1.
Please let me buy the ETH ETF as a tokenized share of a sharelized token.