Blockchain.com Inks Deal to Offer Access to NYSE Tokenized Stocks

Blockchain.com and NYSE have collaborated on a memorandum of understanding to potentially provide users of Blockchain.com with access to tokenized U.S. equities and exchange-traded funds on NYSE's new digital alternative trading system (ATS). The distribution plan is pending regulatory approvals. NYSE Group will distribute Blockchain.com's crypto market data and analytics to its subscribers, while Blockchain.com will integrate certain NYSE and ICE exchange data feeds into its application.

Peter Smith, Blockchain.com's CEO, emphasized the importance of greater access to stock ownership and sees tokenized stocks as a means of fostering economic freedom. Smith also noted that connecting with the NYSE digital ATS would enable Blockchain.com to reach tens of millions of users worldwide. Lynn Martin, NYSE Group's president, highlighted the company's goal of merging traditional finance trust with the accessibility of digital assets.

She added that Blockchain.com's global reach and expertise in digital assets make it a suitable partner for their tokenized securities platform. The NYSE's tokenized securities platform was unveiled in January and secured regulatory approvals in March through a partnership with Securitize, which became the platform's first digital transfer agent.