New York Stock Exchange President Lynn Martin told attendees at a cryptocurrency forum Wednesday that the exchange felt a "responsibility to enter into the tokenization conversation," referring to blockchain-based technology the NYSE is developing to enable 24-hour trading of stocks and exchange-traded funds.
Martin spoke at the World Liberty Forum, an event organized by World Liberty Financial (WLFI) at President Donald Trump's Mar-a-Lago club in Palm Beach, Florida.
The forum, which included executives from Goldman Sachs, Nasdaq and Franklin Templeton, focused on digital asset regulation and integration between traditional finance and cryptocurrency.
Platform Development Status
The NYSE announced in January that it is developing a blockchain-based platform for trading and on-chain settlement of tokenized securities.
The system combines the exchange's Pillar matching engine with blockchain-based post-trade infrastructure to support instant settlement, dollar-denominated orders and stablecoin-based funding.
The platform would allow trading of tokenized versions of U.S.-listed equities and ETFs around the clock, departing from the exchange's traditional 6.5-hour, five-day trading schedule.
The NYSE has not provided a specific launch date and regulatory approval from the Securities and Exchange Commission is required before operations can begin.
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Regulatory Context
Commodity Futures Trading Commission Chairman Michael Selig appeared on the same panel Wednesday, stating that regulators "stand ready to build with the incumbents, new entrants, old technologies, new technologies."
Selig contrasted current regulatory posture with what he described as previous administrations' discouragement of new financial products and tools.
The NYSE's tokenization initiative is part of a broader push by Intercontinental Exchange, which owns the exchange, to develop on-chain market infrastructure. Nasdaq filed a similar proposal with regulators in 2025 seeking approval to list tokenized stocks.
World Liberty Financial is a Trump family-backed cryptocurrency venture that Reuters reported has generated more than $1 billion in revenue for the Trump family during the president's first year in office.
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