NYSE teams up with Securitize to create 24/7 tokenized securities market
Securitize, known for bringing real-world assets onto blockchain rails, has signed a memorandum of understanding with the New York Stock Exchange to develop 24/7 tokenized securities markets.
The tokenization company will become NYSE’s first digital transfer agent, enabling it to mint digital tokens native on a blockchain that represent shares for stocks and ETFs, The Wall Street Journal reports.
“This is about building tokenization in a way that works within real market structure, with the protections, controls, and operational integrity required for public securities,” Securitize cofounder and CEO Carlos Domingo said in a statement.
The news comes after Securitize, backed by BlackRock and Ark Invest, announced plans last year to go public through a SPAC deal with Cantor Equity Partners at a $1.25 billion valuation.
The partnership between Securitize and the NYSE makes the tokenization ecosystem increasingly crowded — crypto exchange Kraken is working with Nasdaq to offer tokenized stocks and other exchange-traded products, while S&P Dow Jones announced last week licensing the S&P 500 for a derivative contract on perpetual blockchain network Hyperliquid.
Tokenization refers to the process of representing financial assets, such as stocks and private credit, through digital tokens that live on blockchain networks. The global market for tokenization stands at $26.5 billion, multiples higher from one year ago, when the figure sat at $7.8 billion, per data from analytics platform rwa.xyz.
“This is about building tokenization in a way that works within real market structure, with the protections, controls, and operational integrity required for public securities,” Securitize cofounder and CEO Carlos Domingo said in a statement.
The news comes after Securitize, backed by BlackRock and Ark Invest, announced plans last year to go public through a SPAC deal with Cantor Equity Partners at a $1.25 billion valuation.
The partnership between Securitize and the NYSE makes the tokenization ecosystem increasingly crowded — crypto exchange Kraken is working with Nasdaq to offer tokenized stocks and other exchange-traded products, while S&P Dow Jones announced last week licensing the S&P 500 for a derivative contract on perpetual blockchain network Hyperliquid.
Tokenization refers to the process of representing financial assets, such as stocks and private credit, through digital tokens that live on blockchain networks. The global market for tokenization stands at $26.5 billion, multiples higher from one year ago, when the figure sat at $7.8 billion, per data from analytics platform rwa.xyz.
