The New York Stock Exchange and real world asset (RWA) tokenization platform Securitize have signed a Memorandum of Understanding to collaborate on tokenized securities infrastructure, the two companies announced on Tuesday.
Under the deal, Securitize will become the first digital transfer agent — a transfer agent that uses a blockchain-based ledger and smart contracts to process transactions — eligible to mint tokenized securities for issuers on NYSE's upcoming Digital Trading Platform.
Per the release, NYSE plans to work with Securitize as a premier design partner to develop a digital transfer agent program supporting on-chain settlement of tokenized securities transactions. The two firms will also collaborate on setting regulatory, operational, and technology standards for the emerging digital transfer agent category — effectively writing the rulebook for institutional-grade tokenized securities infrastructure.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
