Blue Ocean Technologies, LLC, a capital markets fintech leader in global trading and data, announced today its intent to pursue integration with the forthcoming tokenized National Market System (NMS) equities solution. This development positions Blue Ocean ATS as the first alternative trading system to support the trading of tokenized U.S. equities as the industry enters its next phase of modernization.
Building on Blue Ocean’s pioneering record as the first regulated U.S. equities trading venue, operating during the overnight hours of 8 p.m.– 4 a.m. ET, tokenization is a strategic and logical initiative towards 24-hour, 7-day-a-week trading. The proposed emerging innovative industry solutions provide the optimal fit for NMS listed securities by maintaining investor protections of existing markets, and controls within current industry clearing operations, shifting settlement to a publicly readable blockchain solution by leveraging blockchain’s immutable, “always-on” architecture.
Brian Hyndman, CEO of Blue Ocean Technologies commented, “Our core mission has always been to expand access to U.S. equities for global investors through technological advancements. Integrating with forthcoming tokenized settlement infrastructure represents the next frontier in our journey. Tokenization has the potential to complete the 24/7/365 market, closing the final gap in an increasingly connected global trading ecosystem. This new development aligns with our commitment to innovation in blockchain-enabled, regulated market infrastructure.”
This announcement follows Blue Ocean Technologies’ recent integration as a data oracle operator on the Pyth Network, where it currently publishes real-time overnight U.S. equities pricing to blockchain-based financial applications. As part of this initiative, Blue Ocean will continue its ongoing dialogues with regulators, clearing organizations, market participants, and other industry stakeholders to align its tokenized trading initiative with the same principles that define the National Market System today: fairness, transparency, and investor protection.
