NYSE partners with Securitize on tokenized stock platform

The New York Stock Exchange is collaborating with Securitize to establish a platform for tokenized securities, aiming to facilitate 24/7 trading on blockchain rails. This development occurs amidst an intensifying race to bring equities to always-on blockchain markets, following Nasdaq's recent regulatory approval for its own tokenization initiative. Securitize, a recognized transfer agent, is positioned to be a key player in minting tokenized stocks and ETFs, subject to regulatory clearance. The NYSE's move underscores a significant industry shift towards utilizing blockchain technology for enhanced efficiency and accessibility in stock trading.