The New York Stock Exchange (NYSE) has signed a preliminary deal with Blockchain.com that could let the crypto company’s users trade tokenized versions of U.S. stocks and exchange-traded funds (ETFs).

A tokenized stock is a digital version of a share recorded on a blockchain, a shared online ledger. Blockchain.com says it has more than 44 million confirmed accounts.

What the NYSE and Blockchain.com Tokenized Stocks Deal Covers

The two companies announced a memorandum of understanding (MOU), a non-binding agreement, on Wednesday. It gives Blockchain.com users a planned route into the NYSE’s digital alternative trading system (ATS), a regulated venue that is not a full…