"Under the agreement, Securitize will act as NYSE's first digital transfer agent, allowing it to convert traditional stocks and exchange-traded funds into blockchain-based tokens. Transfer agents are responsible for maintaining shareholder records, issuing certificates, and handling dividend payments."
"NYSE's proposed platform, called the Digital Trading Platform, is designed to support 24/7 trading and near-instant settlement. Investors may also fund transactions using stablecoins, marking a shift from traditional markets which operate on fixed hours and slower settlement cycles."
"Unlike many tokenized stock offerings available today, NYSE aims to provide full shareholder rights, including voting power and access to dividends. Existing offshore products often function more like derivatives and do not offer these benefits."
"Carlos Domingo, Founder and CEO of Securitize, commented that NYSE plans to partner with Securitize as a premier design partner in the development of a digital transfer agent program intended to support on-chain settlement of tokenized security transactions."
The New York Stock Exchange is partnering with Securitize to create a platform for 24/7 trading of tokenized securities. Securitize will serve as NYSE's first digital transfer agent, converting traditional stocks into blockchain tokens. The partnership aims to establish a framework for compliant tokenized securities management. NYSE's Digital Trading Platform will support near-instant settlement and allow transactions funded by stablecoins, offering full shareholder rights unlike existing offshore products. This initiative follows NYSE's filing to launch the platform amid increasing competition from Nasdaq.
Read at news.bitcoin.com
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