NYSE partners with Securitize to explore tokenized securities and blockchain-based market infrastructure

The New York Stock Exchange (NYSE) announced that it has struck a partnership with digital asset firm Securitize to explore the development of tokenized securities markets. The same day, asset management firm Invesco shared that it is collaborating with Superstate and will be the investment manager of the Superstate Short Duration US Government Securities Fund (USTB). USTB has over $967 million in assets under management (AUM).

To crown the developments around tokenization on Wall Street, BlackRock’s CEO Larry Fink stated in his annual chairman’s letter to shareholders, which was published on March 23, that tokenization will usher in the future and update the financial system.

The push for tokenized finance continues to gather momentum as a series of announcements from some of Wall Street’s heavyweights show that many are moving from experimentation to large-scale implementation.

Why are asset managers moving Treasury funds onchain?

In their announcement, Kathleen Wrynn, the Global Head of Digital Assets at Invesco, stated that since 2019, they have been strategically building the capabilities that are required to support institutional-grade digital asset products.

She said that the partnership reflects that long-term commitment.

“Superstate’s onchain infrastructure pairs naturally to support Invesco’s ambitions to scale tokenized offerings over time, and USTB already demonstrates how tokenization can enhance access and efficiency for short-duration government exposure,” Wrynn stated.

Superstate’s CEO and cofounder Robert Leshner said, “This is the blueprint for how funds and ETFs will come onchain.”

The move places Invesco among a growing cohort of asset managers experimenting with blockchain-based funds, following earlier initiatives from heavyweights like BlackRock, whose tokenized fund, BUIDL, was the first to cross over $1 billion in AUM.

Today, tokenized Treasuries have grown into a multibillion-dollar market segment.

What does the NYSE–Securitize partnership signal for markets?

The NYSE and Securitize memorandum of understanding (MoU) is aimed at supporting the issuance and trading of tokenized securities. The agreement will see both parties exploring how blockchain technology could enhance market infrastructure, including settlement processes and asset transfer mechanisms.

The NYSE’s involvement in this development shows that market operators are not waiting for the solution to become fully mainstream before joining the bandwagon; instead, they are joining those orchestrating the latest shift in the financial markets.

By working with a regulated digital asset platform, the exchange appears to be positioning itself for a future in which traditional and tokenized assets coexist within integrated market structures.

Wall Street is catching up with Larry Fink’s tokenization vision

Themes of the institutional buzz surrounding tokenization were in Larry Fink’s 2026 annual chairman’s letter, where the BlackRock chief pointed out that tokenization could transform how financial assets are issued, owned, and transferred.

Fink wrote in his letter, “Tokenization could help accelerate that future by updating the plumbing of the financial system—making investments easier to issue, easier to trade, and easier to access.”

In December 2025, Fink and Rob Goldstein, BlackRock’s chief operating officer, wrote an op-ed in the Economist, where they advocated for tokenization, highlighting its benefits to consumers and investors and how it could transform finance for the better.

Fink also mentioned earlier this year at the World Economic Forum held in Davos that tokenization is very necessary.

Major banks such as Goldman Sachs, BNY Mellon, Citibank, JPMorgan, and Bank of America, among others, also have tokenized products that are already being deployed, with more in development.

A joint report by Ripple and Boston Consulting Group projects that the tokenized assets market will hit over $18.9 trillion by 2033.

The convergence of announcements on the same day shows that many on Wall Street are taking tokenization as seriously as Fink.

Asset managers are launching tokenized funds, exchanges are exploring blockchain settlement, and infrastructure firms are positioning themselves as intermediaries for a hybrid financial system that is already solidifying its use cases.

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