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NYSE and Blockchain.com Plan Tokenized Stocks for 44M Accounts

6 min read
Large official black NYSE wordmark on a white stone sign beside an unbranded greyscale stock certificate, against cobalt blue and off-white editorial panels.

TL;DR

  • NYSE and Blockchain.com signed a memorandum of understanding for potential distribution of tokenized U.S. equities and ETFs through Blockchain.com's platform.
  • Blockchain.com says it has more than 44 million confirmed accounts, but the agreement does not mean those accounts can trade the securities today.
  • The NYSE digital venue remains subject to regulatory approvals; launch timing, eligible countries and trading terms were not disclosed.

NEW YORK, September 23, 2026

The New York Stock Exchange and Blockchain.com signed a memorandum of understanding Wednesday to bring tokenized U.S. stocks and exchange-traded funds to a crypto platform with more than 44 million confirmed accounts, as onchain equity markets expand.

The joint announcement describes a distribution plan for the NYSE’s proposed digital alternative trading system, or ATS. It is a preliminary agreement, and access remains subject to required regulatory approvals. Neither company said customers can trade those securities now.

The backdrop is a growing but still small market. RWA.xyz’s tokenized-stocks dashboard showed about $3.14 billion in distributed value, $13.27 billion of transfers over the past month and 3.87 million holders on September 23. Bitcoin stood near $84,337, down 2.48% over 24 hours, in CoinGecko data updated at 19:01 UTC; that broader market move cannot be attributed to the NYSE agreement.

NYSE Group President Lynn Martin called Blockchain.com’s international footprint and digital-asset experience “a natural complement to our tokenized securities platform upon launch,” according to the announcement. Her qualification points to the central limit of the news: the venue and customer connection are still prospective.

The agreement follows the NYSE’s January platform announcement, which outlined continuous trading and onchain settlement. Wednesday’s development names a potential route to crypto-native customers, rather than a newly operating exchange or a completed securities listing.

NYSE tokenized stocks await a launch and approvals

The planned venue would handle tokenized versions of U.S. exchange-listed shares and ETFs. A tokenized security is a blockchain-based representation of a financial claim; the holder’s rights depend on its legal structure and the venue’s rules. The NYSE has said its design is meant to support dividends and governance rights comparable to conventional shares, subject to approvals.

The companies did not publish a launch date, list of securities, supported blockchains, eligible countries, fees or custody terms. They also did not say whether Blockchain.com customers would trade directly through its app, through a qualified intermediary or by another route. Those details will determine what the 44-million-account headline means in practice.

Blockchain.com describes the figure as confirmed accounts, not active brokerage customers or people already cleared to buy U.S. securities. Its release also cites more than 95 million wallets, activity across more than 70 jurisdictions and over $1.1 trillion in historical crypto transactions. Those figures measure platform reach and past use; they are not forecasts of stock-trading demand.

An ATS is a regulated trading venue outside a traditional exchange order book. The NYSE’s original plan described an integrated system for trading and immediate onchain settlement, with possible stablecoin funding and fractional orders. The new memorandum concerns distribution of access to that future system, not the launch of each feature.

Bitcoin

BTC
August 25 to September 23, 2026
$84,303
+6.7%
Aug 25 - Sep 23 | High $86,597 • Low $75,590

Blockchain.com data deal adds another channel

The memorandum also proposes two-way market-data distribution. ICE Data Services, part of NYSE parent Intercontinental Exchange, plans to offer Blockchain.com’s crypto data and analytics to its subscribers. Blockchain.com plans to add selected ICE and NYSE exchange feeds to its app, potentially exposing its account base to stock information before any trading connection launches.

The release did not set a start date or price for either data service. It also did not say which feeds would be available to all app users, whether they would be delayed or real time in every jurisdiction, or how subscriber licenses would apply. Market-data distribution is a separate commercial path from securities trading and should not be counted as a regulatory approval for the proposed ATS.

The scale of existing tokenized-stock activity helps explain the interest. RWA.xyz’s September 23 count was up 18.37% in distributed value from 30 days earlier, even as its monthly transfer-volume measure was down 75.63% from the comparable reading. Transfer volume counts token movements, which can include repeat trading and operational transfers, rather than new investor cash. Our earlier breakdown of a volume surge explains why the two measures should not be treated as the same thing.

The NYSE memorandum also differs from tokenized-stock products already in circulation. The proposed NYSE venue is intended to trade securities through exchange-linked infrastructure; existing wrappers can vary in who holds the underlying stock and whether token holders receive shareholder rights. The companies have not published product documents that would let users compare those rights line by line.

SEC stock-token relief does not clear this venue

The SEC’s September 17 innovation exemption permits certain tokenized National Market System stocks to trade on qualifying, permissioned venues under temporary conditions. It imposes limits on symbols and trading volume and requires token holders to have rights comparable to the conventional shares. That order is a sector-wide regulatory step, not a disclosed approval of the NYSE’s proposed system or Blockchain.com’s role.

The distinction matters for anyone reading the two announcements together. The SEC relief describes one route for specified trading models, while the NYSE and Blockchain.com release says their own planned distribution remains subject to approvals. Our coverage of the five-year exemption details its conditions and limits.

At present, the confirmed change is a signed memorandum naming a possible distribution partner and outlining reciprocal data plans. Whether the companies move from an agreement to live trading will depend on the venue’s regulatory status, operational arrangements and a published rollout. No date for those decisions was disclosed.

Broader sentiment remained positive: Alternative.me’s Crypto Fear and Greed Index stood at 71, or Greed, for September 23. That is a market-wide reading, not evidence of demand for the proposed NYSE venue.

Fear & Greed Index

September 23, 2026
71 Greed

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Fact-checked by: Daily Crypto Briefs Fact-Check Desk

Frequently Asked Questions

Can Blockchain.com users trade NYSE tokenized stocks now?

No. The companies signed a memorandum of understanding for planned distribution. The NYSE digital venue and access through Blockchain.com remain subject to necessary regulatory approvals, and no launch date was announced.

Does the deal give all 44 million Blockchain.com accounts stock-trading access?

No. The 44 million figure is Blockchain.com's count of confirmed accounts, not a count of eligible or active stock traders. Geographic availability and account requirements were not disclosed.

What securities are covered by the NYSE and Blockchain.com plan?

The announced plan covers tokenized U.S. exchange-listed equities and ETFs on the NYSE's proposed digital trading venue. The companies did not identify individual securities, chains or a rollout schedule.

What else does the NYSE and Blockchain.com agreement cover?

It also contemplates sharing market data: ICE Data Services plans to distribute Blockchain.com's crypto data to subscribers, while Blockchain.com plans to add some ICE and NYSE data feeds to its app.