NYSE Parent ICE Develops Blockchain Platform for Tokenized Securities and Onchain Settlement
Securities tokenization records rights attached to assets such as stocks and exchange-traded funds on a blockchain while preserving dividend and corporate-governance rights. Intercontinental Exchange, the parent of the New York Stock Exchange, plans to connect its existing Pillar matching engine to onchain post-trade settlement, allowing trades and settlement to occur simultaneously. The model could reduce counterparty risk and improve collateral and cross-time-zone funding efficiency, testing whether traditional market infrastructure can be upgraded within existing regulatory frameworks.
ICE announced the new platform on January 19, 2026, with plans for round-the-clock trading in U.S. stocks and ETFs throughout the year, fractional shares, orders placed by dollar amount, stablecoin funding and real-time settlement across multiple blockchains. On March 24, the NYSE also signed a memorandum of understanding with Securitize, which manages more than $4 billion in assets, designating it as the first qualified digital transfer agent responsible for minting native tokenized securities. The platform remains subject to regulatory approval.
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The history behind this eventICE and OKX Form Joint Venture to Tokenize NYSE Stocks
Intercontinental Exchange (ICE) is the parent company of the New York Stock Exchange (NYSE), while OKX is a global cryptocurrency exchange. The companies aim to combine traditional equities with blockchain tokenization technology, allowing NYSE-listed assets to be issued, traded and settled digitally. They also plan to build infrastructure for native digital financial products within the U.S. regulatory framework.
ICE and OKX have formed a new 50-50 joint venture and named former New York Governor Andrew Cuomo as co-chair. The investment amount has not been disclosed. The company will pursue the tokenization of NYSE-listed stocks and other assets, develop next-generation trading infrastructure, and later seek U.S. securities and futures brokerage licenses. As of July 19, 2026, no timeline for the license applications had been announced.
NYSE Formally Files With SEC for Tokenized US Stock Trading
The Depository Trust Company, or DTC, launched a tokenization pilot under an SEC no-action letter dated December 11, 2025, and Nasdaq became the first exchange to receive approval on March 18, 2026. The framework allows compliant securities to retain the same CUSIP numbers and shareholder rights while testing blockchain settlement within the existing regulatory system. It does not immediately authorize 24/7 trading.
The New York Stock Exchange filed SR-NYSE-2026-17 with the US Securities and Exchange Commission on April 9, 2026. The SEC published the filing on April 17 and opened it for public comment through May 13. The proposed rules would allow DTC-eligible securities in tokenized or conventional form to share an order book and receive equal priority, while retaining T+1 settlement. The filing involves no investment amount, and a 24/7 platform would require separate approval.
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