NYSE seeks approval for a blockchain platform with 24/7 trading and settlement with stablecoins

2026-01-20 01:29:41

Source: Yellow Original Title: NYSE Seeks Approval for a Blockchain Platform with 24/7 Trading and Stablecoin Settlement

Original Link: The New York Stock Exchange (NYSE) announced on Monday that it will seek SEC approval for a blockchain-based platform enabling 24/7 trading of tokenized securities with stablecoin financing and instant settlement.

The platform combines NYSE’s Pillar matching engine with blockchain-based post-trade systems that support multiple chains for settlement and custody, according to Intercontinental Exchange.

Subject to regulatory approval, the platform will manage both tokenized versions of traditionally issued securities and native digital securities, preserving shareholder dividend and governance rights.

What happened

The NYSE digital platform will enable dollar-denominated orders and stablecoin financing along with continuous trading, representing a break from conventional settlement systems.

The initiative is part of ICE’s broader strategy to prepare clearing infrastructure to support 24/7 trading and a potential integration of tokenized collateral across its six global clearinghouses.

ICE is working with BNY and Citigroup to support tokenized deposits in clearinghouses, helping members transfer money outside traditional banking hours and meet margin obligations across jurisdictions.

Supporting tokenized securities is a fundamental step in ICE’s strategy to operate on-chain market infrastructure for trading, settlement, custody, and capital formation in the new era of global finance, said Michael Blaugrund, ICE Vice President of Strategic Initiatives.

Why it matters

The announcement positions NYSE against the application filed by Nasdaq in December, which seeks SEC approval for 23-hour trading on weekdays starting in the second half of 2026.

NYSE Arca received approval in February 2025 for 22-hour trading on weekdays, though its implementation is pending improvements in market data channels.

Investors’ appetite for uninterrupted US stock trading has increased along with growing international participation, with foreign holdings in US equities reaching $17 trillion in 2024.

The Depository Trust & Clearing Corporation plans to launch a 24/5 clearing service in mid-2026, enabling continuous settlement infrastructure crucial for expanding trading hours.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.