The New York Stock Exchange has entered into a memorandum of understanding with Securitize to support the development of tokenised securities infrastructure, according to a statement from the companies.
The collaboration will focus on building a framework for digital transfer agents on NYSE’s planned Digital Trading Platform. Securitize is expected to act as a design partner and, subject to approvals, as a digital transfer agent able to mint blockchain-native securities for issuers.
The work will also cover standards for firms participating in the ecosystem, including regulatory, operational and technology requirements.
Post-trade functions on-chain
A central part of the initiative is how transfer agent responsibilities translate into a tokenised environment, including maintaining ownership records and supporting corporate actions.
NYSE Group president Lynn Martin said new infrastructure should “preserve the trust, transparency, and protections investors expect”. Securitize CEO Carlos Domingo said the aim is to build tokenisation “within real market structure”.
Securitize, which is an SEC-registered transfer agent, is expected to support the development of this model based on its existing infrastructure.
Broker-dealer participation
As part of the arrangement, Securitize Markets is expected to join the platform as a broker-dealer participant, contributing to the development of market structure for issuer-sponsored tokenised securities.
