Tokenization · Wall Street · Bitcoin · Bitcoin Magazine
NYSE and Blockchain.com Working Together To List Tokenized Stocks
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NYSE and other Wall Street giants are increasingly eyeing up Bitcoin and its related tech to debut new products.
Key facts
- In January, the S&P 500 gave crypto platform Trade[XYZ] the green light to debut a new derivative contract on decentralized exchange Hyperliquid, giving traders the ability to trade the stock index
- In January, the NYSE said it was building a platform allowing traders to buy and sell tokenized versions of U.S.-listed equities and exchange-traded funds and settle those trades on the blockchain
- NYSE and other Wall Street giants are increasingly eyeing up Bitcoin and its related tech to debut new products
- The New York Stock Exchange and crypto exchange Blockchain.com have signed a memorandum of understanding to debut tokenized stocks
Summary
The New York Stock Exchange and crypto exchange Blockchain.com have signed a memorandum of understanding to debut tokenized stocks. According to a Wednesday statement, if approved, Blockchain.com users would be able to trade tokenized U.S.-listed stocks and exchange-traded funds on NYSE’s planned digital alternative trading system. It comes as Wall Street increasingly eyes up Bitcoin and its related infrastructure. “People shouldn’t be limited in owning stocks based on where they happen to live or the brokerage and information they may or may not have access to,” Peter Smith, Blockchain.com’s executive chairman and CEO, said in a statement.