- The New York Stock Exchange is collaborating with BlackRock-backed Securitize to develop standards and systems for trading tokenized securities.
- The partnership aims to create “blockchain-native securities” on a NYSE-affiliated platform designed for 24/7 trading.
- This move is part of a broader Wall Street shift towards blockchain infrastructure, following initiatives like Nasdaq’s approved tokenization pilot and the SEC’s Project Crypto.
- Securitize CEO Carlos Domingo advocates for securities that exist solely on-chain while embodying all traditional rights like voting and dividends.
- The firm, which serves as the transfer agent for BlackRock’s $2 billion BUIDL fund, plans to list on Nasdaq at a $1.25 billion valuation.
The New York Stock Exchange announced Tuesday it is collaborating with tokenization specialist Securitize to accelerate Wall Street’s adoption of digital asset trading infrastructure, according to a joint press release. Their program will develop standards for tokenized securities and enable round-the-clock trading on a NYSE-affiliated platform.
As part of the arrangement, Securitize will serve as the first digital transfer agent for the NYSE’s Digital Trading Platform. Consequently, the company can create “blockchain-native securities” on this system designed for continuous operation.
This collaboration signifies growing seriousness among traditional finance giants regarding blockchain-based infrastructure. Meanwhile, regulatory bodies are also advancing such initiatives, with SEC Chair Paul Atkins Gold-will-it-take-to-buy-one-Bitcoin-next-e469154d-aa2c-4ccc-8ceb-2e2158f3e18d”>describing Project Crypto as an agency-wide effort to enable America’s financial markets to move on-chain.
Last week, Nasdaq gained approval from regulators for its own tokenized securities pilot program. This system will maintain trading and settlement within traditional market rails through coordination with a DTCC subsidiary.
Securitize CEO Carlos Domingo has advocated for this “native” approach, telling Decrypt that the only way to truly represent securities on-chain is through tokens carrying identical rights, including voting and dividends. His firm uses a blockchain-based system to record ownership, as seen with BlackRock’s Ethereum-based BUIDL fund.
“We are proud to support NYSE in helping design the foundational transfer agent infrastructure,” Domingo said in a statement. “This is about building tokenization in a way that works within real market structure, with the protections, controls, and operational integrity.”
Last month, U.S. President Donald Trump-backed World Liberty Financial tapped Securitize to issue tokens for a luxury Maldivian resort project. In October, the firm unveiled plans to list on Nasdaq at a $1.25 billion valuation.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
