The New York Stock Exchange (NYSE) has announced an agreement with Superstate, a company specializing in the tokenization of equities. This agreement provides for the issuance of tokenized stocks and ETFs, which will likely not use public blockchains.
Nasdaq is taking similar steps, entering into agreements in Europe. Interest in tokenized assets is confirmed by Invesco’s acquisition of Superstate’s tokenized fund.
In Europe, there is also movement toward tokenization, though at a slower pace. For example, Amundi has launched its second tokenized fund, using public blockchains such as Ethereum and Stellar. These differences in approach may prove crucial for the future development of tokenized financial instruments.