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NYSE, Blockchain.com Plan Tokenized U.S. Stocks and ETFs for Crypto Users

NYSE Group and Blockchain.com signed a preliminary agreement to provide crypto exchange users with access to tokenized U.S. stocks and ETFs, subject to regulatory approval. Details on eligible assets and launch timing were not disclosed.

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NYSE, Blockchain.com Plan Tokenized U.S. Stocks and ETFs for Crypto Users

NYSE Group and crypto exchange Blockchain.com have signed a preliminary agreement aimed at giving Blockchain.com users access to tokenized U.S. stocks and exchange-traded funds. The planned offering remains subject to regulatory approval. The agreement links a major U.S. exchange operator with a crypto platform in an effort to make traditional market assets available in tokenized form to crypto investors. The source did not provide details on which stocks or ETFs could be included, how the tokens would be structured, or when access might begin. The arrangement is therefore not yet an active product launch, and its implementation depends on clearance from regulators. The development could be relevant to market participants tracking the connection between digital-asset platforms and conventional securities markets, but the agreement itself does not indicate any impact on the prices of specific cryptocurrencies.

Source Decrypt Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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