What are tokenized securities? Risks and what to know as stock exchange NYSE embraces the blockchain

The blockchain is coming to Wall Street.

The New York Stock Exchange (NYSE) said on Monday that it was developing a platform to trade tokenized securities, digital representations of assets like stocks and bonds.

But exactly when the 233-year-old financial institution will turn it on is still up in the air.

Supporters of the technology argue that the change could modernize the NYSE, giving traders some of the same advantages that are enjoyed by investors in the cryptocurrency world.