ICE to seek tokenization approval from SEC under existing federal laws
CEO Jeff Sprecher says the new NYSE tokenization initiative is not dependent on the passage of the US Clarity Act.
The Intercontinental Exchange (ICE) plans to apply for regulatory approval for its subsidiary the New York Stock Exchange (NYSE) to trade tokenized securities under existing federal laws.
In January, NYSE unveiled plans for a tokenized securities platform, which will allow on-chain settlement, 24/7 trading of US listed equities and exchange-traded funds, and fractional trading.
The exchange will seek permission to operate the platform from the US Securities and Exchange Commission (SEC), but ICE
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