The New York Stock Exchange is foraying into the non-fungible token market and plans to do for digital assets what it does for stocks.
The NYSE said in a regulatory filing with the US Patent and Trademark Office that it wants to become a financial exchange for cryptocurrencies and NFTs that will compete with the likes of OpenC and Rarible Inc. A February 10 filing indicated plans for one. A marketplace to buy, sell and trade NYSE-branded cryptocurrencies and NFTs.
In a statement, the NYSE said it has no immediate plans to begin cryptocurrency or NFT trading but “regularly considers new products and their impact on our trademarks and protects our intellectual property rights accordingly.”
The exchange created its first NFTs last year, recalling notable initial public offerings including Spotify Technology SA, Snowflake Inc., Unity Software Inc. and Roblox Corp.
This story has been published without modification in text from a wire agency feed. Only the title has been changed.
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