The New York Stock Exchange is entering the nonfungible token sector with intentions of accomplishing what it has done for equities.
According to a filing with the US Patent and Trademark Office, the New York Stock Exchange wants to become a cryptocurrency and NFT trading platform similar to OpenSea and Rarable Inc.
A filing dated Feb. 10 revealed the company’s intentions to create an NYSE-branded cryptocurrency and a marketplace where NFTs could be bought, sold, and traded.
The New York Stock Exchange has no immediate plans to allow cryptocurrency or NFT trading, according to a statement. However, the exchange “considers new products and their impact on our trademarks, as well as protects our intellectual property rights, on a regular basis.”
Last year, the exchange created its first NFTs in honor of major initial public offerings such as those of Spotify Technology SA, Snowflake Inc., Unity Software Inc., and Roblox Corp.