NYSE advances onchain settlement for tokenized securities

New York Stock Exchange President Lynn Martin said on Aug. 10 that the exchange is continuing to develop infrastructure for onchain settlement of tokenized securities, months after outlining plans for a dedicated digital trading platform. Summary NYSE President Lynn Martin said the exchange is developing onchain settlement infrastructure for tokenized securities. NYSE participated in DTC’s July tokenization pilot, which processed live production trades across asset classes. NYSE’s January platform plan targets 24/7 trading, instant settlement, fractional shares and stablecoin based funding. An April SEC filing enabled tokenized eligible securities to trade alongside traditional shares on NYSE. DTCC plans to launch its tokenization service in October after July trades involving 30 firms. Speaking at a National Assembly seminar in Seoul, Martin also confirmed NYSE participated in The Depository Trust Company’s July tokenization initiative. The remarks provide a fresh update on a project that has moved from an early development announcement into live industry testing. NYSE first disclosed the platform in January, while regulatory filings and its participation in DTC’s July production ...