NYSE’s owner is backing 24/7 stock tokens without Wall Street’s usual price rules

The company that owns the New York Stock Exchange wants people to be able to buy stocks 24/7. Given the trading volume crypto and other tokenized assets have seen in the past year or so, the decision to introduce stock tokens comes as no surprise. People want to trade all the time , and now institutions want a piece of that. What surprises people is that the new 24/7 exchange won't use NYSE prices to determine what stocks cost once the tradfi market closes. The price people pay for off-market trading will differ based on how much stock others have put up for sale in a DeFi-style trading pool, not a new bid on NYSE.

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