TLDR
- NYSE is developing an onchain settlement platform for tokenized securities under parent company Intercontinental Exchange
- The platform will support 24/7 trading, instant settlement, fractional shares, and stablecoin funding
- NYSE participated in DTCC’s July tokenization pilot alongside BlackRock, Goldman Sachs, JPMorgan and 30+ firms
- An April SEC filing allows tokenized shares to trade alongside traditional shares on NYSE under existing market rules
- DTCC plans to launch its broader Tokenization Service in October following the July production tests
The New York Stock Exchange is building a blockchain-based platform to trade and settle tokenized securities. The exchange, owned by Intercontinental Exchange, announced the initiative on January 19, 2026.
NYSE Developing Onchain Settlement Platform for Tokenized Securities
NYSE President Lynn Martin said the exchange is developing an onchain settlement platform for tokenized securities and participated in DTC’s tokenization pilot in July.
Martin said NYSE will continue exploring… pic.twitter.com/XlF5ptE9We
— Wu Blockchain (@WuBlockchain) August 10, 2026
The platform pairs NYSE’s existing Pillar matching engine with blockchain systems that handle post-trade operations. It is designed to support 24/7 trading, instant settlement, fractional shares, dollar-denominated orders, stablecoin funding, and multiple blockchain networks.
Traditional US stock trades currently settle on a T+1 basis, meaning one business day after a trade executes. NYSE’s platform is designed to replace that with atomic settlement, where the trade and transfer of ownership happen at the same time.
Stablecoin funding is a key part of making 24/7 trading work. Banks do not operate on weekends, but stablecoins do. This would allow traders to fund positions outside of normal banking hours.
NYSE President Lynn Martin spoke about the platform at a National Assembly seminar in Seoul on August 10. She described the industry as being at a “critical turning point between traditional finance and DeFi.”
NYSE Joined DTCC’s July Pilot With Major Wall Street Firms
Martin confirmed that NYSE took part in the Depository Trust Company’s tokenization pilot in July. The DTCC confirmed NYSE was among more than 30 firms involved in live production transactions completed on July 15.
Other participants included BlackRock, Goldman Sachs, JPMorgan, Nasdaq, Circle, Ondo Finance, Citadel Securities, and Vanguard.
The pilot converted securities held at DTC into tokenized form and used them in real transactions. Tests covered equity delivery, Treasury and repo transactions, securities lending, collateral pledges, and central counterparty margin processes.
Transactions ran across DTCC’s private Besu network and the public Canton network. The exercise followed a December 2025 SEC staff no-action letter permitting DTC to operate a three-year tokenization program.
DTCC plans to launch its broader Tokenization Service in October.
Regulatory Steps Already Taken
NYSE also filed with the SEC in April 2026 to allow eligible tokenized securities to trade alongside traditional shares on its existing exchange. The filing became effective upon submission.
Under that framework, tokenized shares can trade on the same order book as traditional shares when they share the same ticker, CUSIP, rights, and privileges. Eligible securities include Russell 1000 components and major index ETFs.
Trades under the DTC pilot framework still settle on T+1. That is separate from NYSE’s planned digital platform, which targets instant settlement and remains subject to regulatory approval.
In March, NYSE signed an agreement with Securitize, naming it as the first digital transfer agent eligible to mint blockchain-native securities for the new platform. No launch date has been confirmed as of early August 2026.
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