An American brokerage firm launched a tokenized US equities product today, with the first batch of 12 individual stocks trading directly on a single public chain.
Each token is backed one-to-one by a real share of stock. Dividends and voting rights are distributed as usual, and the underlying shares are not lent out.
Settlement is conducted on-chain, with pricing in US dollar stablecoins, and liquidity is provided by market makers.
In terms of true implementation, only its own brokerage trading platform has actually gone live. The proposed all-day digital trading venue being planned by the NYSE and another venue co-developed with a crypto company are still not open—they exist only in the plans.
Extending trading hours is already underway; all-day trading is scheduled to come later.
Each token is backed one-to-one by a real share of stock. Dividends and voting rights are distributed as usual, and the underlying shares are not lent out.
Settlement is conducted on-chain, with pricing in US dollar stablecoins, and liquidity is provided by market makers.
In terms of true implementation, only its own brokerage trading platform has actually gone live. The proposed all-day digital trading venue being planned by the NYSE and another venue co-developed with a crypto company are still not open—they exist only in the plans.
Extending trading hours is already underway; all-day trading is scheduled to come later.