NYSE Plans 24/7 Tokenized Stock Trading With Instant Settlement and Stablecoin Funding
Key Takeaways:NYSE Pushes Tokenized Securities Toward 24/7 MarketsOn-Chain Shares With Full Shareholder RightsHow NYSE Is Structuring the Tokenized MarketStablecoins and Tokenized Capital Enter Clearing Infrastructure
ICE said that it has teamed up with major banks like BNY and Citi in order to test the concept of tokenized deposits in their clearing houses. Tokenized deposits help the clearing members in transferring funds beyond banking hours.
These measures address a longstanding source of friction in global markets. Both margin calls, as well as cross-border funding and transfers of collateral, are generally subject to delays owing to banking times. All of these are kept running in real time by means of tokenized capital.
In relation to the crypto market, it has been developed. Instant Settlement Stablecoins have been used for a considerable period of time for settling transactions related to the trading of virtual assets, but have recently changed in acceptance for institutionalized types of clearing.
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