The New York Stock Exchange (NYSE) and Intercontinental Exchange (ICE) are developing a platform for trading tokenized stocks and ETFs with 24/7 trading and instant settlement. This move aims to modernize market infrastructure using blockchain technology, allowing trades to be funded and settled in real time with stablecoins.

NYSE plans to extend trading hours to 22 hours on weekdays to meet global demand for US equities. The tech-focused Nasdaq is also considering 24-hour trading on weekdays. The tokenized securities platform is part of ICE’s digital strategy, which includes onchain solutions for trading infrastructure and support for 24/7 trading.

ICE is collaborating with banks like BNY and Citibank to enable tokenized deposits across its clearinghouses to assist members in managing money outside of traditional banking hours. The NYSE’s president, Lynn Martin, emphasized the importance of combining trust with cutting-edge technology for on-chain solutions in the industry. ICE operates six clearing houses globally, including the largest energy and credit default swap clearing houses.

Read more at Cointelegraph: NYSE Develops Tokenized Stocks Platform With 24-Hour Trading