NYSE, ICE develop tokenized securities platform with 24/7 trading and instant settlement

ICE is working with banks, including BNY and Citi, to support tokenized deposits across its clearinghouses.

Photo: Joshua Tsu

Key Takeaways

• NYSE announces a platform enabling on-chain settlement and 24/7 trading of tokenized securities.
• The platform combines NYSE's Pillar engine with blockchain systems, supporting multiple settlement chains.

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The New York Stock Exchange and its parent company, Intercontinental Exchange (ICE), are building a platform to support trading and on-chain settlement of tokenized securities, according to a Monday press release.

Pending regulatory approvals, the system will allow continuous trading, instant settlement, and stablecoin funding while supporting multiple blockchain networks. Tokenized shareholders will receive dividends and governance rights like traditional investors.

The platform reflects ICE’s wider digital infrastructure plans, including 24/7 clearing, tokenized deposits, and cross-border fund management, designed to modernize market operations while maintaining regulatory standards.

The Atlanta-based exchange operator said it is collaborating with major banks like BNY and Citi to expand its tokenized deposit infrastructure to support liquidity, margin obligations, and cross-border funding needs.

“Supporting tokenized securities is a pivotal step in ICE’s strategy to operate on-chain market infrastructure for trading, settlement, custody, and capital formation in the new era of global finance,” said Michael Blaugrund, Vice President of Strategic Initiatives at ICE.

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