NYSE teams with Securitize on tokenized stock platform
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- NYSE signed a memorandum of understanding with Securitize to design a digital trading platform for tokenized securities.
- Securitize will act as design partner and is expected to be among the first firms to mint tokenized stocks and ETFs on the platform, pending regulatory approval.
- Securitize’s broker‑dealer arm may also participate in trading, giving the firm a role in both issuance and market activity.
- Intercontinental Exchange, NYSE’s parent, recently invested in crypto exchange OKX to develop tokenized stocks and derivatives products.
- Nasdaq obtained regulatory approval for its tokenized stock trading framework and partnered with Kraken to distribute stock tokens globally.
- Tokenized assets reached a record $28.9 billion in May, marking the tenth consecutive monthly all‑time high, while stablecoin market cap rose to $320 billion.
Why it matters: Investors and issuers stand to benefit from continuous, near‑instant trading of tokenized equities, while traditional exchange models face pressure to modernize; the partnership also taps a market where tokenized assets have just hit a record $28.9 bn, underscoring growing demand in the equity market.
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