NYSE President Lynn Martin confirmed the exchange is building an onchain settlement platform for tokenized securities and participated in DTC's tokenization pilot.
Regulation & Gov ·
NYSE President Lynn Martin has confirmed that the exchange is developing an onchain settlement platform designed to handle tokenized securities, signaling a major institutional push toward blockchain-based trading infrastructure. The NYSE also participated in the Depository Trust Company's tokenization pilot program in July, marking its involvement in one of the industry's central efforts to test asset tokenization at scale.
The initiative positions onchain settlement as potential core infrastructure to bridge traditional finance with decentralized finance ecosystems. By building native blockchain settlement capabilities, NYSE aims to streamline the processing and custody of securities that exist in tokenized form, reducing settlement friction compared to conventional clearance methods.
The scope and timeline of the platform's development remain unclear, as does whether it will initially serve institutional clients, retail participants, or both. The extent to which this onchain infrastructure will integrate with or operate independently of existing DTC settlement workflows has not been detailed.