NYSE taps Securitize for 24/7 tokenized securities platform
Securitize will become NYSE’s first digital transfer agent to mint blockchain-based shares of stocks and develop standards for compliant tokenized stock issuance.
The New York Stock Exchange (NYSE) has signed a memorandum of understanding (MoU) with tokenization platform Securitize, as part of a broader effort to develop blockchain-based stock trading infrastructure for Wall Street.
Securitize will become the first digital transfer agent, enabling it to mint blockchain-based shares for stocks and exchange-traded funds (ETFs) on the upcoming tokenized securities platform, the Digital Trading Platform, according to a Tuesday announcement from Intercontinental Exchange (ICE), parent company of the NYSE.
Under the MoU, the companies plan to develop a digital transfer agent program and standards for digital transfer agents and tokenization agents, with a focus on regulatory, operational and technology requirements for tokenized securities infrastructure.