NYSE President Lynn Martin confirms the exchange is building an onchain settlement platform for tokenized securities following DTCC pilot participation.
Tech & Launches ·
NYSE President Lynn Martin announced that the exchange is constructing an onchain settlement platform designed for tokenized securities, building on work that began with the exchange's involvement in a DTCC tokenization pilot conducted in July. The move signals a major traditional finance institution moving deeper into blockchain infrastructure for capital markets.
Martin indicated NYSE intends to leverage the technology as foundational infrastructure within global financial systems, positioning it as a bridge connecting established finance with decentralized finance applications. The development reflects a broader shift toward exploring onchain mechanisms for settlement and clearing operations in securities trading.
The scope and timeline for the platform remain unclear, including which blockchain networks will be used, what asset classes will launch on it first, and when it might go live. Whether other major exchanges will follow NYSE's lead, and how regulators will oversee such infrastructure, also remain open questions.