The New York Stock Exchange (NYSE) reportedly is taking serious steps toward bringing traditional stocks on-chain. In a recent meeting with the SEC’s Cryptocurrency Asset Special Task Force, top NYSE executives discussed the potential for deploying traditional equities on blockchain, which signifies the institution’s growing interest in merging conventional finance with decentralization.
NYSE Takes Concrete Steps for On-chain Stocks
During the meeting, NYSE officials including General Counsel Jaime Klima, Chief Product Officer Jon Herrick, Deputy General Counsel Patrick Troy, and Chief Regulatory Officer Tony Frouge presented documents and shared their perspectives on the changing crypto space.
The discussion covered several critical themes. This included promoting a fair competitive environment, structuring the trading of tokenized stocks, and developing standards for crypto-based exchange-traded products (ETPs), including spot crypto ETFs. They stressed upon the need for a consistent regulatory approach for the fair treatment of similar financial products, irrespective of whether they are issued in traditional or tokenized form.
This discussion shows NYSE’s increasing willingness to adapt its infrastructure and listing strategies to integrate blockchain-powered securities. While it is still early-stage, the dialogue indicates serious consideration of how tokenized stocks might be traded within the U.S. financial system in future.
Meanwhile, the crypto space continues to experience a trail of developments, after the launch of Crypto task force. With the Trump administration adopting a more crypto-friendly stance, several traditional financial institutions are seizing the moment to engage with regulators on digital asset frameworks. JPMorgan Chase, for example, held its own high-level talks with the U.S. Crypto Task Force on June 17, 2025, just a day after announcing plans to launch its new blockchain-based institutional payment token, dubbed ‘JPMD’.
The banking giant’s representatives discussed the implications of capital markets activity migrating onto public blockchains, detailing their use of distributed ledger technology in digital finance and debt markets. JPMorgan’s move followed months of regulatory engagement by the Crypto Task Force, which in February held talks with stakeholders such as the Blockchain Association, Nasdaq, Jito Labs, and Andreessen Horowitz. The discussions were around recommendations of clearer guidelines for digital assets, standardized policies for broker-dealers, custodians, and exchanges, and uniform criteria for crypto-based ETPs.
Jito Labs and Multicoin Capital addressed the SEC regarding staking in exchange-traded products. These companies argued that staking is integral to proof-of-stake blockchain networks such as Ethereum (ETH) and Solana (SOL) and should be included in ETP offerings.
Meanwhile, Nasdaq representatives called on the SEC to establish uniform policies for trading venues dealing with digital assets.
