The New York Stock Exchange has partnered with Securitize to develop a tokenized securities trading platform that bypasses the Depository Trust & Clearing Corp., settling stocks directly on blockchain with 24/7 trading and instant settlement.

The Securitize Partnership

Securitize will become NYSE’s first digital transfer agent, creating shares for stocks and ETFs as digital tokens on a blockchain, The Wall Street Journal reported on Tuesday.

The two companies will design a digital transfer agent program, including standards for other transfer agents to issue and manage stocks as blockchain tokens in a compliant way.

Transfer agents keep records of investors, issue and cancel ownership…

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