Blockchain.com and NYSE explore stock tokenization
Blockchain.com, in collaboration with the New York Stock Exchange, announced a study on the possibility of creating tokenized digital copies of stocks and exchange-traded funds listed on the U.S. stock exchange using blockchain technology. The partnership aims to explore the sale of digital tokens representing these assets, along with data sharing and market analytics. However, a timeline or specific countries for offering these products have not yet been determined. Tokenizing assets raises questions about investors' rights, as buyers typically do not receive voting rights or direct ownership; nonetheless, the technology allows for trading stocks outside traditional market hours and broadens investment opportunities. The company has already begun selling tokenized shares in Europe under a regulatory exception that permits the sale of such products without adhering to all conventional market rules.
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