NYSE Parent ICE Develops 24/7 Tokenized Securities Platform, Targeting Instant Settlement
The New York Stock Exchange, through its parent company Intercontinental Exchange (ICE), is developing a 24/7 trading platform for tokenized securities. This initiative reflects growing institutional interest in digital assets and aims for instant settlement. Intercontinental Exchange (ICE), parent of the NYSE, is building an advanced platform for tokenized securities. This system will enable round-the-clock trading and integrate sophisticated on-chain settlement mechanisms. It marks a definitive embrace of blockchain technology by the exchange. Why this matters now: This strategic move by a leading global exchange signals increasing institutional acceptance for digital assets. The platform's 24/7 trading and instant settlement capabilities could create more continuous and efficient market environments. This may shift investor expectations for accessibility and transaction speed. Tokenized securities are traditional assets, like stocks or bonds, digitally represent...