Collaboration may include delivering Blockchain.com’s deep crypto market data and analytics to ICE’s data subscribers and embedding NYSE and ICE’s data across Blockchain.com platform

Blockchain.com, a global leader in crypto services for retail and institutional users, and the NYSE Group, Inc. announced the signing of a memorandum of understanding (MOU) outlining a distribution plan that will provide Blockchain.com’s user base access to tokenized U.S. exchange-listed equities and ETFs on the NYSE’s previously announced digital ATS, subject to any required regulatory approvals. The collaboration seeks to broaden the NYSE’s access to crypto-native investors through Blockchain.com’s global customer base.

With Citi Institute forecasting a $5.5 trillion base case for tokenized assets by 2030, innovation and adoption of tokenized securities have accelerated in recent years. Tokenized stocks may offer fractional ownership, around-the-clock trading decoupled from when markets are open, investment access to investors anywhere around the globe, and faster, more transparent onchain settlement.

“Tokenized stocks are one of the most impactful advancements in the modern financial landscape, and a key catalyst for greater economic freedom,” said Peter Smith, Executive Chairman, CEO, and Co-Founder of Blockchain.com. “People shouldn’t be limited in owning stocks based on where they happen to live or the brokerage and information they may or may not have access to. Connecting to the NYSE digital ATS will enable us to extend the opportunity to invest in these digital assets to tens of millions of Blockchain.com users around the world.”

“The future of capital markets belongs to institutions that unite the trust of traditional finance with the innovation and accessibility of digital assets,” said Lynn Martin, President, NYSE Group. “Blockchain.com’s international footprint and digital asset expertise make it a natural complement to our tokenized securities platform upon launch. We look forward to furthering their efforts to bring customers’ trading activity onto the blockchain and giving them more data and choice in how they participate in the digital financial ecosystem.”

Additionally, the MOU includes bidirectional market data distribution across the companies’ respective platforms. NYSE’s affiliated business, ICE Data Services, plans to distribute Blockchain.com’s crypto market data and analytics to its subscribing clients, providing traditional investors with more intelligence about digital asset investment opportunities. Blockchain.com plans to incorporate certain ICE and NYSE exchange data feeds into its app, equipping more than 44 million confirmed accounts with access to real-time stock information.

Source: Blockchain.com