NYSE secures entry to crypto market with Blockchain.com to pursue tokenised stocks

The New York Stock Exchange (NYSE) and crypto exchange Blockchain.com have signed a memorandum of understanding to list tokenised stocks, Bitcoin Magazine, a blockchain media outlet, reported on Sept. 23 local time.

If regulators approve, Blockchain.com users would be able to trade tokenised versions of U.S.-listed stocks and exchange-traded funds (ETFs) on an NYSE digital alternative trading system under preparation.

The focus of the cooperation is to move traditional securities-market assets onto blockchain-based trading infrastructure. The NYSE is building a platform that would allow around-the-clock trading of tokenised versions of U.S.-listed stocks and ETFs, and has said settlement would also be handled on blockchain.

Blockchain.com said the link would expand investment opportunities in U.S. equity-type digital assets for its global user base. Peter Smith (피터 스미스), co-founder and CEO of Blockchain.com, said opportunities to own stocks should not be limited by where people live, the brokerages they can access or the information available to them. He said connecting to the NYSE digital alternative trading system could expand such digital-asset investment opportunities to tens of millions of users worldwide.