Nasdaq and the parent company of the New York Stock Exchange are promoting blockchain integration in the stock market.

Nasdaq and ICE, the parent company of the New York Stock Exchange, are collaborating with major cryptocurrency exchanges to create and trade tokenized versions of traditional stocks on the blockchain. These partnerships aim to promote the concept of an “all-asset exchange,” where all asset classes are traded on a shared blockchain infrastructure. Tokenized stocks are currently small in scale, but they could potentially transform the trading and settlement methods of the global $126 trillion stock market.