The New York Stock Exchange is moving closer to using blockchain by submitting a proposal to the U.S. Securities and Exchange Commission to allow tokenized stock trading.
The proposal is part of a pilot program run by the Depository Trust Company, which looks at how tokenization can fit into traditional financial markets without causing disruptions. Under the plan, tokenized stocks and ETFs will match their traditional versions in every way, from ticker symbols to shareholder rights. They will also trade on the same order books, so prices and liquidity stay consistent.
Importantly, after trades, processes like clearing and settlement will stay the same and continue through the current system on a T+1 basis.
This hybrid approach shows that tokenization is being added as an improvement, not a replacement. It lets markets test blockchain efficiency while keeping existing regulations in place.
If approved, this could be a big step toward bringing tokenized assets into mainstream finance.
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