Big news in the trading world!
The New York Stock Exchange (NYSE) is developing a platform for 24/7 trading of U.S. equities and ETFs, pending regulatory approval. This means investors can trade stocks anytime, day or night, using blockchain technology for instant settlement and stablecoin-based funding. The platform will combine NYSE's Pillar matching engine with blockchain-based post-trade systems, supporting multiple blockchains for settlement and custody. Tokenized shareholders will retain dividend and governance rights, just like traditional shareholders. This move is part of Intercontinental Exchange's (ICE) broader digital strategy to modernize clearing infrastructure and support 24/7 trading.