Blockchain.com Partners with NYSE for Tokenized Stock Trading
- Blockchain.com signed a memorandum of understanding with the NYSE Group to offer tokenized U.S. stocks and ETFs.
- The NYSE’s planned digital trading venue will operate as a digital alternative trading system (ATS) offering tokenized securities.
- The agreement includes data sharing, with ICE distributing Blockchain.com’s crypto data and Blockchain.com incorporating NYSE feeds into its app.
- Neither company has disclosed a launch date or financial terms, pending regulatory approvals.
- Blockchain.com has over 44 million confirmed accounts across more than 70 jurisdictions.
This partnership aims to bridge traditional finance and cryptocurrency by allowing users to trade tokenized stocks around the clock through Blockchain.com’s platform, leveraging the NYSE’s upcoming ATS for broader market access.
The collaboration between Blockchain.com and the NYSE marks a significant step towards integrating traditional stock markets with the crypto world, potentially reshaping how investors engage with equities globally. (Source)
