The New York Stock Exchange plans to launch a tokenized securities platform that will enable 24/7 trading in U.S.-listed equities and ETFs with on-chain settlement and immediate funding.

According to the platform, the initiative extends the exchange’s market model into blockchain-based infrastructure while keeping traditional shareholder rights and regulatory safeguards in place.

Part of Intercontinental Exchange, the NYSE has started developing a platform for trading and on-chain settlement of tokenized securities and will seek regulatory approvals before launch.

Today, NYSE is proud to announce the development of a platform for trading and on-chain settlement of tokenized securities.

NYSE’s new digital platform will enable tokenized trading experiences, including 24/7 operations, instant settlement, orders sized in dollar amounts, and…

— NYSE 🏛 (@NYSE) January 19, 2026

NYSE Plans Tokenized Trading Venue

The planned venue will support tokenized shares that are fungible with traditionally issued securities, as well as securities issued directly in token form. Token holders will retain access to dividends and governance rights under the existing corporate framework.

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It combines the NYSE’s Pillar matching engine with blockchain-based post-trade systems to support continuous, around-the-clock operations. The platform will allow fractional share trading via dollar-denominated order sizes and will use stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term-based funding, with the ability to support multiple blockchains for settlement and custody.

The new venue will follow established market structure principles and will distribute access through qualified broker-dealers on a non-discriminatory basis.

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The model aims to maintain alignment between the tokenized venue and existing NYSE markets, limiting liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term fragmentation between traditional and on-chain trading.

By keeping tokenized securities fungible with their conventional counterparts, the exchange seeks to extend trading hours and settlement options without departing from current standards on investor protection and oversight.

Part of ICE’s Wider Digital Push

The initiative forms part of a broader digital strategy at Intercontinental Exchange, which operates six clearing houses worldwide. ICE is preparing its clearing infrastructure to support 24/7 trading and to accommodate tokenized collateral in margin and settlement workflows.

ICE is working with banks including BNY and Citi to support tokenized deposits across its clearinghouses. The effort aims to let clearing members move funds outside traditional banking hours, meet margin obligations in different time zones and manage funding across jurisdictions using tokenized capital.