NYSE Group and Blockchain.com have signed a memorandum of understanding that could give the crypto platform's users access to US-listed shares and exchange-traded funds on NYSE's planned round-the-clock digital trading venue, subject to regulatory approval, the companies said Sept. 23.
Blockchain.com is being added as a prospective gateway to NYSE's planned tokenized asset market. The agreement also establishes a two-way market-data relationship spanning stocks and crypto.
The deal gives NYSE a potential distribution channel into a crypto-native customer base ahead of the launch of its tokenized securities market. Blockchain.com says it has more than 44 million confirmed accounts.
Key terms of the agreement
- Blockchain.com and NYSE Group signed a memorandum of understanding on Sept. 23
- The deal is subject to regulatory approval
- It would give Blockchain.com users access to NYSE-listed stocks and ETFs on the tokenized trading venue
- The agreement includes a two-way data-sharing arrangement covering stocks and crypto
- Blockchain.com reports more than 44 million confirmed accounts
