Wall Street's Crypto Ties Deepen as NYSE Taps Securitize for Tokenized Securities
The New York Stock Exchange (NYSE) is partnering with Securitize, a BlackRock-backed tokenization firm, to accelerate the development of digital asset-based trading infrastructure on Wall Street. The collaboration aims to establish standards for blockchain-based tokens representing real-world assets, including stocks, bonds, and ETFs. Securitize will act as the first digital transfer agent for NYSE’s Digital Trading Platform, enabling the issuance of blockchain-native securities and allowing 24/7 trading. This move reflects growing interest among traditional financial giants in blockchain technology. Regulators are also engaging, with initiatives like Project Crypto from the SEC and a Nasdaq pilot for tokenized securities receiving regulatory approval. Securitize’s blockchain registration system is already used for assets such as BlackRock’s $2 billion tokenized money-market fund. The partnership is intended to build tokenization in line with existing market structures and investor protections. Securitize has also attracted interest from other high-profile projects and investors, including BlackRock, and recently announced plans for a public listing at a $1.25 billion valuation.
