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Stock impact report

NYSE will launch tokenised securities trading platform with stablecoin funding [Yahoo! Finance]

Intercontinental Exchange Inc. (ICE) 
Last intercontinental exchange inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.theice.com
Company Research Source: Yahoo! Finance
The platform will allow instant settlement, 24/7 trading and stablecoin-based funding, according to a company statement on Monday. Intercontinental Exchange Inc, owner of the New York Stock Exchange, is seeking US regulatory approval to launch the new platform some time this year. If approved, the platform will “power a new NYSE venue that supports trading of tokenised shares fungible with traditionally issued securities as well as tokens natively issued as digital securities,” the company said. Changpeng Zhao, former CEO of Binance, described the announcement as “bullish for crypto, and crypto exchanges.” ICE is working with banks including Bank of New York Mellon and Citigroup to support tokenised deposits across its clearinghouses, according to the press release. The aim is to allow clearing members to move and manage funds outside traditional banking hours, meet margin requirements, and handle funding across jurisdictions and time zones. Sergej Kunz, co-founder of DeFi Show less Read more
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