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Blue Ocean Moves to Support Blockchain-Based U.S. Stocks as Tokenization Push Widens

The overnight ATS plans to plug into new NMS settlement rails to pursue round-the-clock access under active SEC review.

Overview

  • Blue Ocean announced plans to integrate with forthcoming National Market System settlement infrastructure, saying the move could position its ATS as the first to support tokenized U.S. equities and advance a 24/7/365 trading goal.
  • The company also joined the Pyth Network as a data oracle, publishing real-time overnight U.S. equities prices for blockchain applications.
  • eToro said it will introduce tokenized U.S. shares alongside a 24/5 schedule that lets users trade its 100 most popular U.S. stocks outside regular hours.
  • Alpaca launched an Instant Tokenization Network for institutions, enabling in-kind minting and redemption so blockchain tokens can track underlying U.S. shares.
  • Nasdaq filed with the SEC to permit listed stocks and ETPs in tokenized form, while critics warn about third-party custody risks and question efficiency gains over existing systems.