NYSE partners with Securitize to develop 24/7 tokenized securities platform

The New York Stock Exchange (NYSE) has started developing a security token trading platform in collaboration with security token firm Securitize, The Wall Street Journal reported today. According to the report, Securitize will help the NYSE create digital token versions of stocks and exchange-traded funds (ETFs) on a blockchain, the technology that underpins Bitcoin and other cryptocurrencies. The platform is planned to offer 24/7 trading with instant settlement for transactions and may also allow stablecoins to be used for funding trades.