The NYSE’s plan to trade stocks on the blockchain with instant settlement was described as bullish by industry leaders, including Changpeng Zhao (CZ) from Binance.

The executive indicated that a plan of this type strengthens the link between traditional financial markets and blockchain technology.

Regarding the plan, the NYSE detailed that the platform they are working on will allow the on-chain trading and settlement of stocks and other financial instruments.

However, the entity must obtain the corresponding regulatory approvals. In any case, the statement issued last week specifies that the system will enable 24/7 trading with near-instant settlement.

It will also include shares and equity stakes linked to the crypto sector, such as Circle shares, and will allow funding via stablecoins. Investors will be able to use stable digital assets to trade traditional securities.

The exchange left open the possibility of a multichain approach, with post-trade systems capable of operating on different blockchain networks for custody and settlement.

M.Pino

Source: cripto247

(Reference image source: Aditya Vyas on Unsplash)

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La entrada NYSE to launch tokenized securities platform apareció primero en Bitfinance.

The Exodus cryptocurrency wallet goes public today on the New York Stock Exchange (NYSE). The platform indicated that its shares will also be tokenized on the Algorand blockchain.

The wallet’s debut on the exchange was announced Monday in a statement from Exodus Movement, the company that develops the eponymous self-custody cryptocurrency wallet.

Commenting on this important step, JP Richardson, co-founder and CEO of Exodus, stated: “Joining NYSE American marks an important milestone in our journey. Trading on the NYSE American will allow Exodus to create greater long-term value for our shareholders by increasing our presence within the investment community and, in turn, increasing liquidity.”

The company will also issue shares in the form of digital tokens on the Algorand (ALGO) blockchain, making the company the first to take this leap.

In this regard, Richardson has shown his enthusiasm, stressing that “this process will benefit investors by making it faster and easier to trade shares.”

M.Pino

Source: diariobitcoin

(Reference image source: Mariia Shalabaieva in Unsplash)

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La entrada Exodus crypto wallet enters the New York Stock Exchange apareció primero en Bitfinance.