Overview
- A memorandum of understanding announced Wednesday, Sept. 23 sets out a non‑binding plan for Blockchain.com to distribute tokenized U.S. stocks and ETFs through the NYSE’s planned digital alternative trading system if the necessary approvals are granted.
- The deal includes a reciprocal market‑data arrangement in which ICE Data Services will distribute Blockchain.com’s crypto data while Blockchain.com will embed select NYSE and ICE feeds in its app for its more than 44 million confirmed accounts.
- NYSE’s proposed digital venue is designed for round‑the‑clock trading, on‑chain settlement, fractional‑share orders and support for multiple settlement networks, but the platform is not live and the companies gave no launch date or list of eligible jurisdictions.
- Any trading under the plan requires regulatory sign‑off and must meet conditions like the SEC’s recent innovation exemption, which says tokenized NMS shares must preserve shareholder rights rather than merely track price.
- Blockchain.com already offers Ondo‑linked tokenized U.S. stocks in parts of Europe, and the NYSE tie-up would expand distribution if approved while raising practical questions for investors about legal ownership, voting and dividend claims.