New York Stock Exchange taps Securitize to build its tokenized stock platform

The move comes as the race to bring equities to always-on blockchain markets is heating up after Nasdaq obtained regulatory approval for its tokenization plan.

Make us preferred on Google

What to know:

• The New York Stock Exchange has tapped BlackRock-backed tokenization specialist Securitize to help design its tokenized securities platform.
• Securitize, an SEC-registered transfer agent, is expected to be among the first to mint tokenized stocks and ETFs on the platform, pending regulatory approval.
• The move underscores a broader push by NYSE and Nasdaq to move stock trading onto blockchain rails, offering around-the-clock trading and near-instant settlement.

The New York Stock Exchange (ICE) is teaming up with tokenization specialist Securitize to help design the infrastructure behind tokenized securities trading, according to a Tuesday press release shared with CoinDesk.

Securitize is aiming to go public this year via a SPAC deal with Cantor Equitize Partners (CEPT). CEPT shares are higher by 6% premarket. ICE shares are flat.

The two firms signed a memorandum of understanding to build NYSE’s planned Digital Trading Platform. Securitize will serve as a design partner, focusing on how transfer agents — the entities that track ownership and handle corporate actions — operate when securities are issued and settled on blockchain rails.

Securitize, backed by large asset managers like BlackRock and Ark Invest and registered with the SEC as a transfer agent, is expected to be among the first firms eligible to mint tokenized versions of stocks and ETFs on the platform, subject to regulatory approvals.

The firm's broker-dealer arm could also take part in trading, giving it a foothold across both issuance and market activity.

The move comes as traditional exchange behemoths like NYSE and Nasdaq are doubling down on tokenization efforts to bring blockchain rails into stock trading. That tech would enable around-the-clock trading and near-instant settlements, similar to crypto markets.

Recently, NYSE-parent Intercontinental Exchange invested in crypto exchange OKX to develop tokenized stocks and derivatives products. Rival exchange Nasdaq obtained regulatory approval for its tokenized stock trading framework and has tapped Kraken to distribute stock tokens globally.

"As we explore how tokenization can enhance capital markets, it is critical that new infrastructure is developed in a way that preserves the trust, transparency, and protections investors expect," NYSE Group President Lynn Martin said.

Read more: Here is why Nasdaq and owner of NYSE are putting the $126 trillion equity market on blockchain

More For You

ParaFi defies crypto market downturn with $125 million raise for new fund: Bloomberg

The firm now manages about $2 billion, having already raised an additional $325 million for existing crypto investment strategies since last year.

What to know:

• ParaFi raised $125 million for a new venture fund focused on stablecoins, tokenization and onchain financial products for institutions.
• The firm now manages about $2 billion, having already raised $325 million for existing crypto investment strategies since 2025, and has backed companies including Polymarket, Bitwise and Anchorage.
• While the fundraise comes during a challenging period for the industry, with bitcoin down 26% from this year's high, investors appear to be increasingly focused on the long-term potential of blockchain-based financial infrastructure.

Coinbase says the 'second wave' of institutional money for crypto is here and it is all about yield

18 minutes ago

Wall Street broker Bernstein calls bitcoin bottom, keeps $150,000 year-end target

18 minutes ago

ParaFi defies crypto market downturn with $125 million raise for new fund: Bloomberg

25 minutes ago

BitGo, Susquehanna Crypto offering institutional OTC access to prediction markets

1 hour ago

Bitcoin finds stability at 2023 investor cost basis, echoing past cycle

1 hour ago

Invesco joins tokenization race as it takes over Superstate’s $900 million onchain fund

1 hour ago

Bitcoin leads crypto rebound to $71,000 as $550 million in shorts liquidated

2 hours ago

Balancer Labs will shut down as corporate entity became 'a liability' after $110 million exploit

6 hours ago

Here’s how Treasuries could shape Trump’s Iran war and bitcoin moves

5 hours ago

Bitcoin's mining concentration just showed up in a rare 2-block reorg

8 hours ago

The $75,000 line in the sand: What it’ll take for bitcoin to go "full bull"

1 hour ago

Fund services giant Apex to tokenize Bitcoin mining note on Coinbase’s Base platform

3 hours ago