The New York Stock Exchange announced that it is developing a tokenized securities platform.

The New York Stock Exchange announced that it is developing a tokenized securities trading and on-chain settlement platform and will seek regulatory approval for it. The platform will support a tokenized trading experience, including 24/7 operation, instant settlement, dollar-denominated orders, and stablecoin-based funding. Its design integrates the exchange's Pillar matching engine and a blockchain-based post-trade processing system, and will support multi-chain settlement and custody.