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)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

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