NYSE is developing onchain settlement infrastructure to support tokenized and digitally native securities in future markets. The exchange joined a DTC tokenization pilot in July while explori
The New York Stock Exchange is developing an onchain settlement platform for tokenized securities, President Lynn Martin said Aug. 10. Martin made the remarks during a capital markets seminar in Seoul, where she discussed blockchain settlement and market infrastructure. NYSE also participated in a DTC tokenization pilot in July.
Martin said the NYSE is developing infrastructure for settling tokenized securities onchain. The project will explore how blockchain technology can support future global financial markets. The exchange plans to combine its existing market infrastructure with blockchain-based settlement.
The information provided did not identify the blockchain networks involved. According to Martin, NYSE is also examining how tokenization and onchain payments can support market infrastructure. She described the work as part of efforts connecting traditional finance with decentralized finance.
NYSE operates under Intercontinental Exchange, which is developing the platform alongside the exchange. The project is intended to support tokenized versions of traditional securities and digitally native securities.
Martin said NYSE participated in the Depository Trust and Clearing Corporation’s tokenization pilot in July. The pilot examined how securities could operate using tokenized infrastructure. The participation comes as NYSE explores blockchain-based settlement for its own market infrastructure.
However, the exchange has not provided a confirmed launch date for the platform. Martin also discussed the exchange’s broader technology infrastructure during her Seoul speech. She said NYSE recorded 3.6 billion shares during its March 20 closing auction.
The exchange also recorded $231 billion in nominal trading volume that day. Martin attributed the system’s performance to continued investment in market technology.
Martin said NYSE plans to introduce extended trading hours later this year. She said the exchange received SEC approval to move toward 23-hour trading, five days weekly. The planned schedule is expected to begin in December.
Meanwhile, South Korea moved its won-dollar foreign exchange market to 24-hour trading on July 6. Martin said technology is changing trading, risk pricing, liquidity and capital access. She also said NYSE wants future infrastructure to remain safe, stable, scalable and compliant.
The exchange’s tokenization work therefore sits alongside broader changes involving trading hours and blockchain settlement.
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