Dallas Company Explores Tokenized Security Sales with Global Exchanges
What happened
A company based in Dallas is exploring a collaboration to examine the sale of tokens representing securities listed on the New York Stock Exchange. This initiative utilizes blockchain technology, which is also used to underpin cryptocurrencies. The partnership involves the sharing of market data between the exchanges and the company.
From indiatimes.com
Why it matters
The move represents a trend among financial institutions to explore blockchain technology to modernize trading and settlement infrastructure. However, buyers of these tokenized stocks may not receive the same shareholder rights or legal ownership as holders of traditional equities.
From indiatimes.com
Who's involved
- DallasLocation of the company exploring tokenized security sales
- New York Stock ExchangeMajor U.S. stock exchange involved in the collaboration
- companyCompany based in London and Dallas involved in the partnership
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The entities involved
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Dallas
city in the state of Texas, United States
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New York Stock Exchange
American stock exchange
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London
city in Southwestern Ontario, Canada
Related events
- The New York Stock Exchange is exploring ways to provide access to tokenized U.S. stock through a partnership with Blockchain.com.
- Major financial firms, including Scotiabank, Goldman Sachs, and Morgan Stanley, have established or expanded their presence in Uptown Dallas.
- Green Brick Partners, Inc., a company, is based in Dallas, Texas, and has filed disclosures with the Securities and Exchange Commission.
- X Financial, headquartered in Beijing, conducted its Initial Public Offering on the New York Stock Exchange.
- Both the New York Stock Exchange and Options Clearing Corporation are key market infrastructure providers.