NYSE Plans 24/7 US Stock Trading With New On-Chain Tokenized Exchange

The New York Stock Exchange (NYSE) has announced plans to introduce a blockchain-based tokenized stock trading venue later this year, as well as exchange-traded funds (ETFs) trading venue, allowing investors to trade tokenized US stocks and ETFs at any time, day or night.

According to the NYSE executives, the project plans to utilize their technology to match buyers and sellers, combined with a private blockchain network, to enable real-time tokenized securities trading.

Moreover, it will pave the way for tokenized trading experiences, including 24/7 operations, instant settlement, orders sized in dollars, and stablecoin-based funding.

This is not about creating new assets. Instead, the platform will let investors trade tokenized versions of existing stocks. The goal of the move is to steer away from the current T+1 system, where settlement takes one business day, and replace it with something closer to real-time.

NYSE Pushes Towards Fully On-Chain Markets, CZ Bullish

The step taken by NYSE aligns with its broader push to extend trading hours. In October 2024, the exchange announced plans to seek approval from the US Securities and Exchange Commission (SEC) to extend weekday trading hours to 22.

Meanwhile, it goes hand in hand with Intercontinental Exchange’s (ICE) broader digital strategy, including with banks like BNY and Citi on tokenized deposits and 24/7 clearing, and comes as Nasdaq pursues its own near-round-the-clock trading offerings.

ICE described the tokenized securities platform as a core part of its digital strategy. This includes building on-chain clearing infrastructure, supporting 24/7 trading, and potentially integrating tokenized collateral.

Nasdaq has also revealed plans to introduce 24-hour weekday trading, highlighting a broader industry shift towards always-on markets.

This move was widely accepted in the crypto market, with Binance co-founder Chang-Peng “CZ” Zhao saying it is bullish for crypto.