NYSE and Blockchain.com signed a memorandum of understanding to link the exchange’s upcoming tokenised securities venue with the crypto-focused platform, potentially giving eligible international users access to U.S.-listed stocks and ETFs.
The MOU is preliminary; it still requires regulatory clearance before any connection can be made. Blockchain.com has not revealed how many of its reported 44 million confirmed accounts would satisfy the eligibility and jurisdictional criteria. They have not disclosed this information.
Under the proposed arrangement, Blockchain.com would serve as the user-facing channel, routing its crypto-native customer base to the NYSE venue. The exchange would retain responsibility for the market and matching infrastructure that processes tokenised shares and ETFs. This setup allows the exchange to maintain control over the trading process.
Details about the legal entity delivering the service, the process for opening securities accounts, and the specific jurisdictions covered remain undisclosed. Custody arrangements, eligibility thresholds, and geographic restrictions have also not been clarified. The companies have not provided this information.
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Market data forms the second component of the agreement. ICE Data Services, an affiliate of Intercontinental Exchange, plans to supply its cryptocurrency data and analytics to subscribers, while Blockchain.com will add selected ICE and NYSE data feeds to its app for real-time traditional securities information. This will provide users with access to a wide range of market data.
When NYSE announced the tokenised market in January, it described a 24-hour trading environment featuring fractional orders, stablecoin-based funding and on-chain settlement. The design couples the exchange’s Pillar matching engine with blockchain post-trade systems. Partners such as Securitise and tZERO are slated to handle digital issuance, transfer-agent duties and ownership records. This setup allows for efficient and secure trading.
The tokens offered would differ from wrapped-stock products currently available on some crypto platforms. NYSE says the tokens will be fungible with their conventional counterparts, preserving dividend and governance rights, and will be treated as securities under the prevailing regulatory regime. This means that investors will have the same rights and benefits as they would with traditional securities.
Specific stocks or ETFs slated for the initial rollout have not been identified, and the exchange has not set a launch date. The memorandum also omits commercial terms and a connection timeline, leaving both trading access and data integration at the planning stage. The companies are still working on the details of the partnership.
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