NYSE and Blockchain.com Collaborate for Tokenized Stock Trading
- The NYSE, in partnership with Blockchain.com, plans to offer tokenized U.S. stocks to over 44 million confirmed accounts.
- Blockchain.com has facilitated more than $1.1 trillion in crypto transactions and supports over 95 million wallets.
- The U.S. SEC’s recent five-year “Innovation Exemption” allows trading of certain tokenized stocks through automated market makers.
- NYSE’s digital alternative trading system (ATS) is still pending regulatory approval before it can launch.
- Tokenization could potentially grow into a $5.5 trillion market by the year 2030, according to Citi Institute.
The collaboration between NYSE and Blockchain.com aims to integrate traditional finance with cryptocurrency markets, offering tokenized stocks on a platform designed for round-the-clock trading and fractional ownership.
This move could significantly enhance accessibility to U.S.-listed equities globally, leveraging Blockchain.com’s vast user base while adhering to regulatory frameworks established by the SEC’s Innovation Exemption.(Source)
