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

Blockchain.com and the New York Stock Exchange announced a strategic collaboration to develop products that could provide global crypto-native investors with tokenized NYSE-listed stocks and exchange-traded funds. The companies are exploring 24/7/365 on-chain trading. The proposed access could reduce restrictions linked to market hours, geography and brokerage access. Blockchain.com Executive Chairman, CEO and co-founder Peter Smith said a connection to the NYSE's digital alternative trading system could eventually extend access to tokenized securities to tens of millions of Blockchain.com users globally. Citi Institute estimates that the tokenized asset market could reach $5.5 trillion by 2030 under its base-case scenario. NYSE affiliate ICE Data Services plans to distribute Blockchain.com's cryptocurrency market data and analytics to its clients. Blockchain.com plans to integrate ICE and NYSE exchange data into its platform. The data will be available to Blockchain.com's more than 44 million confirmed accounts. The stock-market data will also feed into Blockchain.com's crypto-focused AI assistant, June. The collaboration builds on Blockchain.com's earlier partnership with Ondo Finance, which brought tokenized U.S. stocks on-chain to European customers.