Blockchain.com and NYSE Sign Distribution MoU @Blockchain and @NYSE have signed a Memorandum of Understanding (MoU) outlining a distribution arrangement that would give Blockchain.com's globa
@Blockchain and @NYSE have signed a Memorandum of Understanding (MoU) outlining a distribution arrangement that would give Blockchain.com's global user base access to tokenized U.S. exchange-listed equities and ETFs. The deal will provide Blockchain.com's user base access to tokenized U.S. exchange-listed equities and ETFs on the NYSE's digital alternative trading system (ATS), subject to any required regulatory approvals.
The collaboration seeks to broaden the NYSE's reach among crypto-native investors through Blockchain.com's global customer base. Blockchain.com counts roughly 44 million registered users, making it one of the largest retail crypto platforms in the world. Once regulatory clearance is obtained, those users would gain fractional share access and around-the-clock trading of conventional market assets.
The MoU also includes a data-sharing component. Alongside the distribution arrangement, the agreement covers two-way data integration between Blockchain.com and ICE Data Services, the data division of NYSE parent Intercontinental Exchange.
The Blockchain.com deal is the latest in a series of moves by NYSE to build out its tokenized securities infrastructure. Subject to regulatory approvals, the NYSE's planned platform will support trading of tokenized shares fungible with traditionally issued securities, with features including 24/7 operations, instant settlement, orders sized in dollar amounts, and stablecoin-based funding.
NYSE is pursuing a hybrid model that blends its traditional market structure with a blockchain-based trading platform, and announced plans to launch a separate, 24/7 platform with an ATS that integrates its existing high-speed Pillar matching engine.
The broader market opportunity is substantial. With Citi Institute forecasting a $5.5 trillion base case for tokenized assets by 2030, innovation and adoption of tokenized securities have accelerated in recent years.Tokenized stocks may offer fractional ownership, around-the-clock trading decoupled from when markets are open, investment access to investors anywhere around the globe, and faster, more transparent on-chain settlement.
NYSE has been building out multiple partnerships to support the initiative. In August, ICE agreed to partner with tZERO on the settlement infrastructure for its planned NYSE-affiliated tokenized securities platform, a step the companies called foundational for on-chain settlement of tokenized securities. The exchange is also evaluating blockchain infrastructure partners, with Avalanche cited as a candidate under active consideration by ICE executives.
For Blockchain.com, the partnership represents a significant step toward bridging its crypto-native user base with regulated traditional financial products, pending the final sign-off from regulators.
Sources:Blockchain.com and NYSE Partner to Explore Global 24/7/365 Trading of Tokenized Securities (Newswire)The New York Stock Exchange Develops Tokenized Securities Platform (ICE Investor Relations)New York Stock Exchange Taps Securitize to Build Its Tokenized Stock Platform (CoinDesk)
