The New York Stock Exchange has announced intentions to launch a round-the-clock blockchain-based platform for tokenized stocks and exchange-traded funds later this year. This move forms part of wider efforts by traditional finance to integrate blockchain technology. Stablecoins are expected to facilitate transactions on the new exchange.
The New York Stock Exchange (NYSE), owned by the Intercontinental Exchange (ICE), is set to introduce a 24/7 tokenized exchange for stocks and ETFs in 2026. This initiative aims to enable continuous trading using blockchain technology, potentially transforming how securities are handled outside traditional market hours.
Analysts speculate that the market for tokenized securities could reach $400 billion in capitalization by the end of 2026, with projections for multi-trillion-dollar growth in subsequent years. The NYSE's plans align with similar pushes at Nasdaq for extended trading options and ICE's collaborations with major banks like BNY Mellon and Citi. These partnerships focus on incorporating tokenized deposits to streamline clearing and money management processes beyond standard banking times.
BNY Mellon has already invested heavily in blockchain solutions, including a real-time auditing tool, tokenized deposit services, and expanded cryptocurrency custody for clients. Stablecoins, pegged to fiat currencies and operating on-chain, will play a key role in the platform. They offer the speed and traceability of blockchain alongside the stability of traditional money, aiding cross-border trades.
The development coincides with anticipated regulatory progress, such as the GENIUS Act potentially taking effect in January 2027, which could boost stablecoin adoption by financial institutions. To secure U.S. Securities and Exchange Commission approval, the exchange must comply with strict rules on custody, reporting, and settlement. This will enhance transparency in on-chain transactions and require integration across various blockchains used by financial firms.
Overall, these steps signal accelerating adoption of blockchain by traditional finance, positioning tokenized assets as viable options for both retail and institutional investors.
