NYSE Tokenized Stocks Draw Attention From TD Securities

TD Securities, through its VP Reid Noch, suggests that the New York Stock Exchange's proposed tokenized equities alternative trading system (ATS) signals an institutional turning point for market structure. This planned platform aims to enable 24-hour trading and near-instant settlement of tokenized stocks and ETFs while operating within existing US market rules and leveraging blockchain infrastructure. Noch noted the structure keeps custody and settlement anchored to the DTCC and maintains compliance with National Best Bid and Offer (NBBO) requirements. While initial activity may be retail-focused, TD Securities sees significant institutional implications for core market plumbing, including trading hours, collateral management, and settlement cycles. This interest aligns with the broader trend of tokenization gaining institutional traction, particularly in real-world assets, with tokenized equities like Kraken's xStocks showing rapid growth.

(Source：Cointelegraph)