Blockchain.com and NYSE explore 24/7 tokenized US stock trading

Blockchain.com and NYSE Group announced a memorandum of understanding to explore a continuous‑trading digital platform for tokenized U.S. exchange‑listed shares and exchange‑traded funds (ETFs). The proposed service would be delivered through a digital alternative trading system (ATS) that NYSE plans to launch, but it remains subject to required regulatory approvals.

Planned 24/7 digital venue

NYSE’s design calls for a market that operates at any hour, supports fractional‑share orders, and settles trades on‑chain using blockchain‑based infrastructure. The venue would accept stablecoin‑based funding and allow orders expressed in dollar amounts. Settlement could occur on multiple blockchain networks, and tokenized securities would retain the dividend and governance rights of the underlying shares.

How Blockchain.com would connect users

Eligible Blockchain.com customers could access the NYSE venue through the exchange’s ATS once it is operational and approved. Access would be routed via qualified broker‑dealers, and the partnership also includes reciprocal data sharing: ICE Data Services will provide Blockchain.com’s crypto market data to its clients, while Blockchain.com will integrate selected ICE and NYSE data feeds into its app for its confirmed user base.

Existing tokenized stock offerings

Blockchain.com already offers tokenized U.S. stocks and ETFs linked to Ondo Finance to eligible users in Europe, Africa and South America. Those tokens track price movements and reinvested dividends after taxes, but their legal ownership structure differs from the proposed NYSE‑regulated venue.

Regulatory context

The U.S. Securities and Exchange Commission has outlined conditions for tokenized stocks traded on qualified venues, requiring preservation of shareholder rights. NYSE’s separate pilot with the Depository Trust Company settles tokenized trades on the traditional next‑business‑day schedule, whereas the planned 24/7 venue aims for immediate settlement pending approval.

Geographic scope and next steps

Blockchain.com operates in more than 70 jurisdictions, but the agreement does not specify which countries will receive access or a launch timeline. The partnership outlines a distribution route rather than an active trading service, and both parties emphasize that no trading has begun.