NYSE working on a new platform for trading digital tokens around the clock
The New York Stock Exchange is working on a digital platform that would enable investors to trade digital tokens around the clock.
Related Articles
-
Beware of online ads with elaborate backstories. They may not be from a real small business -
Netflix revises its offer for Warner Bros. Discovery to make it an all-cash transaction -
Wall Street slumps and Europe stocks sink as Trump threatens tariffs on 8 NATO members -
Oldest astronaut Buzz Aldrin turns 96 as new moon astronauts share Apollo inspirations -
How to conduct your own portfolio makeover
The platform would be separate from the NYSE itself, which operates only on weekdays, and allow for instant settlement of transactions, orders sized in dollar amounts and stablecoin-based funding, NYSE owner Intercontinental Exchange said Monday.
Tokenization uses blockchain technology that powers cryptocurrencies to create digital tokens as stand-ins for things like stocks, bonds, real estate or even fractional ownership of a piece of art that can be traded like crypto by virtually anyone, anywhere at any time. Stablecoins, which are a type of cryptocurrency typically bought and sold for $1, have helped fuel the appetite to tokenize other financial assets.