Key Highlights
NYSE Chief Product Officer Jon Herrick said blockchain should be layered into existing market systems, not used to replace them.
The exchange is studying tokenized-asset use cases, including near-real-time settlement and longer trading hours, while keeping existing clearing and investor-protection frameworks in place.
The comments come days after NYSE announced a tokenized-securities partnership with Securitize and weeks after parent company ICE disclosed its strategic investment in OKX.
The New York Stock Exchange says it wants to add blockchain to today’s market infrastructure rather than rebuild Wall Street around a new system. In a LinkedIn post, NYSE said blockchain technology would be layered into current systems instead of replacing them.
Speaking at the New York Digital Assets Summit, Herrick said the exchange is looking at how tokenized assets can work inside the existing market structure. That includes possible use cases such as real-time or near-real-time settlement and extended trading hours. He also said current mechanisms, such as central clearing, still play an important role in risk management and should be preserved.
On March 24, the NYSE teamed up with Securitize to help build tokenized versions of traditional securities. Under the plan, Securitize will serve as the first digital transfer agent eligible to create blockchain-based securities for issuers of corporate and exchange-traded funds on an upcoming NYSE-affiliated Digital Trading Platform.
ICE has also moved deeper into digital assets. On March 5, the company made a strategic investment in OKX and would work with the exchange on crypto-linked products and tokenized equities. ICE said OKX would, subject to regulatory approval, provide access to ICE’s U.S. futures and NYSE tokenized equities markets to its customer base.
