NYSE Moves Toward 24/7 Onchain Trading for Stocks and ETFs

• NYSE will launch a 24/7 platform using blockchain to trade tokenized stocks and ETFs with real-time matching and settlement.

• Tokenized shares will retain dividends and governance rights, with access open to qualified broker-dealers pending approval.

• ICE is expanding 24/7 clearing and tokenized deposit funding with banks to support continuous global onchain markets.

The New York Stock Exchange announced plans to launch a 24/7 blockchain-based trading platform for tokenized stocks and ETFs. The initiative involves Intercontinental Exchange and targets continuous global trading. The move responds to growing demand for nonstop price discovery and faster settlement using onchain infrastructure.

NYSE Details Tokenized Trading Platform

According to a press release, the NYSE platform will combine its Pillar matching engine with private blockchain networks. This structure allows buyers and sellers to trade tokenized securities in real time.

Notably, the venue supports round-the-clock trading, instant settlement, and dollar-sized orders. Stablecoin-based funding will also form part of the system. The platform will support tokenized shares fungible with traditional securities and assets issued natively as digital securities.

Importantly, tokenized shareholders will retain dividend and governance rights. Access will remain open to all qualified broker-dealers on a non-discriminatory basis. However, the exchange is still seeking regulatory approval before launch later this year.

ICE Expands Clearing and Banking Infrastructure

The rollout forms part of Intercontinental Exchange’s broader digital strategy. ICE is preparing its clearing infrastructure to operate continuously across time zones. According to ICE, this includes enabling 24/7 trading, settlement, custody, and capital formation onchain.

To support funding outside traditional banking hours, ICE is working with banks including BNY and Citi. The effort focuses on tokenized deposits across ICE clearinghouses.

Clearing members can manage liquidity, meet margin obligations, and transfer funds beyond standard banking schedules. Michael Blaugrund, ICE vice president of strategic initiatives, said the effort supports onchain market infrastructure.

Industry Context and Competitive Sector

NYSE President Lynn Martin said the exchange aims to combine regulatory protections with blockchain-based systems. She noted the exchange’s long history of adapting market structure. Earlier signs of this shift appeared in April 2024, when NYSE surveyed participants on extended trading hours.

Meanwhile, Nasdaq disclosed similar plans in December to expand trading hours for stocks and exchange-traded products. This reflects changing investor behavior and global participation. These developments show U.S. exchanges adjusting infrastructure to support continuous markets.