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🏛️NYSE Owner Doubles Down on Crypto with $2B Polymarket Investment
The Rundown: Intercontinental Exchange invested an additional $600 million into prediction market platform Polymarket, bringing their total commitment to nearly $2 billion as traditional finance embraces crypto infrastructure.
The details:
- ●NYSE owner Intercontinental Exchange invested additional $600M into Polymarket, totaling nearly $2B commitment to prediction markets
- ●Bitcoin dropped below $67,000 with $300M in leveraged long positions liquidated amid broader market weakness
- ●NYSE partnered with Securitize for tokenized stock platform, signaling institutional push into crypto-native infrastructure
- ●Franklin Templeton partnered with Ondo Finance to tokenize ETFs for 24/7 crypto wallet trading
Why it matters: This represents the clearest signal yet that traditional finance institutions see blockchain infrastructure as the future of trading and asset management. For crypto startups, having NYSE as a major player validates the space and opens doors for institutional partnerships that were previously impossible.
Sources: CoinDesk +1 other