Intercontinental Exchange (ICE) plans a new trading platform for tokenized US equities and ETFs, aiming for 24/7 trading with instant settlement using stablecoin-based funding. The initiative seeks to reduce counterparty risk by accelerating settlement but retains traditional investor rights and involves collaborations with major banks like BNY and Citi for tokenized deposits. Despite technological progress, analysts caution that risk management remains critical, and while blockchain adoption grows, value capture for traditional crypto assets may lag behind.