The New York Stock Exchange (NYSE) has developed a blockchain-based trading platform for tokenised stocks and exchange-traded funds (ETFs), Cointelegraph reported on Jan. 19 (local time).

The platform supports 24-hour trading and instant settlement, and is expected to operate after regulatory approval. NYSE and parent Intercontinental Exchange (ICE) plan to build a new exchange by combining a blockchain-based post-trade system with multichain support. Trades will be settled in real time through stablecoins and are expected to replace the U.S. stock market’s daily settlement cycle.

Tokenised stocks are traditional company shares recorded on a blockchain. They offer 24-hour trading and fractional ownership, expanding investor access. NYSE is pushing for 22 hours of weekday trading to meet global demand, and tech-heavy Nasdaq also plans to introduce 24-hour trading.

The platform development is part of ICE's digital strategy, including building clearing infrastructure and integrating tokenised collateral. ICE is working with BNY and Citibank to support tokenised deposits within clearing houses, which also supports cash management outside traditional bank operating hours.

Michael Blauggrund, vice president for strategic initiatives at ICE, said, "Supporting tokenised securities is a key step for a new era of global finance."