Looks like Intercontinental, the parent company of NYSE, is working on a new platform that will let people trade stocks around the clock and on the blockchain with tokenized stocks. They’re not teaming up with any major crypto players like ONDO, but it seems like a solid move in the right direction.
Still a bit of a mystery whether they plan to make these stocks available for trade globally or not... we’ll just have to wait and see.
Nasdaq (NDAQ.O) has not received approval to trade stocks 23 hours a day, five days a week. Therefore, Intercontinental Exchange (ICE.N) will face difficulties in obtaining the necessary regulatory approvals. Closing hours and the end of the week are times when some changes occur without affecting the price, so a 24/7 market could be detrimental to some US stocks.
As far as i know ICE is being developed together by NYSE, Citi Bank and BNY. They're all have strong relationship with Canton Network caused by they were also the main investors of Canton Network.
So i expect them to use Canton. They will not use other RWA platform like ONDO or etc. I personally have made some investment on Canton for long-term.
I think as a first start, it's only about tokenized assets/stocks which portrays of what kind of exchange they are.
But soon after the introduction, it is where they'll also give their users an idea that they're about to list some major cryptos next.
Ex. Bitcoin, Ethereum, Solana, BNB, USDT.