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The New York Stock Exchange (NYSE) is preparing a trading platform for crypto-currencies and NFTs

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The New York Stock Exchange is planning to launch a platform for trading crypto-currencies and non-fungible tokens (NFTs). Determined to compete with OpenSea and Raible, the NYSE has filed a patent application. The filing also reveals the New York stock exchange’s interest in the metaverse.

 

The New York Stock Exchange (NYSE), the world’s largest stock exchange, is looking to get into the digital asset business. On 10 February 2022, the NYSE announced its intention to set up a platform for the exchange of cryptocurrencies and non-fungible tokens (NFTs) in a filing with the US Patent and Trademark Office (UPSTO).
In the patent application filed, the New York Stock Exchange says it is working on an “online marketplace” for sellers, buyers, and creators of “digital assets to be downloaded and authenticated by non-fungible tokens”. The platform will allow digital assets to be held, stored, and traded via the blockchain, the patent states.
The exchange regularly mentions NFTs in the filing. The NYSE says it wants to allow crypto-currencies and NFTs to be traded in the same way as stock market shares. The exchange has open ambitions to compete with the major non-fungible token exchange platforms, such as OpenSea, which is now worth over $13 billion, or Raible.
The filing also mentions the creation of digital wallets for storing cryptocurrencies and NFTs. Finally, it is worth noting that the NYSE refers several times to software dedicated to virtual reality and augmented reality.

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