NYSE to launch 24/7 tokenized securities trading, targeting atomic settlement
The New York Stock Exchange plans to launch a 24/7 blockchain trading platform for tokenized assets later this year, with an explicit goal of atomic, on-chain settlement, as reported by CoinDesk. The initiative seeks to extend price discovery beyond traditional hours while leveraging Intercontinental Exchange’s market infrastructure expertise.
The platform is framed as an evolution from today’s accelerated T+1 U.S. equity settlement toward real-time finality on blockchain rails. Tokenized instruments would trade continuously, with the exchange aiming to align post-trade operations to instantaneous settlement once technical and regulatory conditions are met.
Why 24/7 trading and instant settlement could reshape market efficiency
Continuous trading and atomic settlement could reduce counterparty, funding, and operational risks by compressing the time between trade execution and finality. Around-the-clock price discovery may also help markets respond to news when it happens, potentially smoothing dislocations that emerge between close and open.
“Shorter settlement cycles free up capital, reduce risk, and make markets more efficient,” said Michael Blaugrund, Vice President of Strategic Initiatives at NYSE parent ICE. He added that enabling 24/7 price discovery could reduce information asymmetries.
Skeptics caution that customer demand outside regular hours remains thin and that liquidity could fragment across venues. As reported by Barron’s, leaders at Charles Schwab and Interactive Brokers questioned whether tokenized 24/7 trading solves a pressing client need and warned about transparency, ownership design, and compliance.
What changes now for investors, brokers, and market structure
For investors, the main near-term change is the possibility of continuous access to tokenized securities, subject to permissioned onboarding and compliance. Technical roadmaps described for the project include features such as instant (atomic) settlement, fractionalization, and stablecoin funding rails, as reported by Cointelegraph.
For brokers and market makers, connectivity, 24/7 risk management, and post-trade alignment will be central. Liquidity providers may need to calibrate quoting to round-the-clock flows, while firms assess how on-chain finality interacts with legacy collateral, margin, and corporate action workflows.
At the time of this writing, Intercontinental Exchange (ICE) last traded around 156.00 after hours, up 0.52%, based on data from Yahoo Finance. Bitcoin traded near 66,432 in U.S. dollars during the same window, based on data from Nasdaq.
Regulatory path, SEC considerations, and investor protections explained
Any rollout would depend on Securities and Exchange Commission review, permissioned access controls, and alignment with existing investor-protection regimes. The exchange has signaled it is seeking regulatory approval while maintaining shareholder rights in tokenized formats, according to AP News.
SEC review, permissioning, and compliance checkpoints before launch
Before launch, the model is expected to address how permissioning, KYC/AML enforcement, and on-chain surveillance will operate in tandem with exchange rulebooks. Critics have underscored that specifics on chain selection, permissioning, and compliance standards remain to be clarified, as reported by Coindoo.
How dividends, voting rights, and disclosures map to tokenized shares
The exchange has indicated that tokenized shareholders would retain traditional rights such as dividends and governance, with corporate actions and disclosures synchronized to issuer records, as reported by Blockhead.
FAQ about tokenized securities
Will tokenized shareholders retain dividends and voting rights just like traditional stockholders?
Yes. NYSE has indicated these rights would be preserved, subject to SEC review and standard disclosures.
Which blockchain will NYSE use and will settlement be instant (atomic) or something else?
The specific chain has not been disclosed. NYSE is targeting atomic settlement; final design depends on SEC review and technical choices.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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