Mentioned:
ICE -0.39%
Tokenization is a major focus for the future of the New York Stock Exchange. Which is exactly why they’ve just cut a new deal with Securitize.
What’s happening:
- The New York Stock Exchange and Securitize have formed a new partnership focused on tokenizing securities directly on the blockchain
Why it matters:
- The new partnership will make Securitize the first digital transfer agent who is eligible to mint blockchain native securities for publicly traded companies and ETF issuers on the New York Stock Exchange’s own tokenized securities platform
Going deeper:
- Securitize has publicly stated they will collaborate with the New York Stock Exchange on developing technology for on-chain settlement of tokenized security transactions
- The New York Stock Exchange previously made major waves on Wall Street when they began building an entirely new platform for 24/7 global trading of tokenized stocks and securities settled directly on the blockchain
The intrigue:
- Intercontinental Exchange (NYSE: ICE) who owns the New York Stock Exchange has been deepening their bets on the future of new trading platforms lately, including committing up to $2B USD in funding for prediction market Polymarket
