The New York Stock Exchange is partnering with Securitize to develop a platform for trading tokenized stocks on the blockchain.

Key points

• The NYSE has signed a memorandum of understanding with Securitize, a firm backed by BlackRock, to design the infrastructure for a new "Digital Trading Platform."
• The goal is to move traditional stocks and ETFs onto blockchain technology, which would allow for 24/7 trading and near-instant settlement of transactions.
• Securitize is expected to be one of the first companies authorized to "mint" (create) these tokenized assets once the platform receives regulatory approval.
• This move puts the NYSE in direct competition with Nasdaq, which has already secured regulatory approval for its own tokenized trading framework.

This partnership signals a major shift toward modernizing the $126 trillion stock market by adopting the speed and accessibility of crypto-style blockchain technology. If successful, it could fundamentally change how investors buy and sell shares by eliminating the delays currently associated with traditional stock market settlements.