{"id":57903,"date":"2026-01-19T09:38:39","date_gmt":"2026-01-19T13:38:39","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/nyse-embraces-blockchain-for-24-7-trading-france-implements-new-corporate-tax-on-large-companies\/57903\/"},"modified":"2026-01-19T09:38:39","modified_gmt":"2026-01-19T13:38:39","slug":"nyse-embraces-blockchain-for-24-7-trading-france-implements-new-corporate-tax-on-large-companies","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nyse-embraces-blockchain-for-24-7-trading-france-implements-new-corporate-tax-on-large-companies\/57903\/","title":{"rendered":"NYSE Embraces Blockchain for 24\/7 Trading, France Implements New Corporate Tax on Large Companies"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li>The <strong>New York Stock Exchange (<a href=\"\/stock\/ICE\">ICE<\/a>)<\/strong> is developing a groundbreaking blockchain-powered platform for 24\/7 trading and instant settlement of tokenized stocks and exchange-traded funds (ETFs), signaling a major shift in market infrastructure.<\/li>\n<li>France has approved a <strong>Finance Bill for 2025<\/strong> that introduces a significant <strong>corporate income tax (CIT) surcharge<\/strong> on large companies, with rates up to <strong>41.2%<\/strong> for those with revenues exceeding <strong>\u20ac3 billion<\/strong>, as part of an austerity budget.<\/li>\n<li>The <a href=\"https:\/\/stockmarketwatch.com\/exchanges\/nyse\/today\" data-internallinksmanager029f6b8e52c=\"2\" title=\"NYSE Today\">NYSE<\/a>&#39;s move could revolutionize global market accessibility and efficiency, while France&#39;s new tax measures are set to impact the earnings and investment strategies of major corporations operating within the country.<\/li>\n<\/ul>\n<p>The financial world is witnessing significant developments on both sides of the Atlantic, with the <strong>New York Stock Exchange (<a href=\"\/stock\/ICE\">ICE<\/a>)<\/strong> pioneering a blockchain-based trading venue and France enacting new corporate tax hikes. These moves are set to reshape market infrastructure and corporate fiscal landscapes, respectively.<\/p>\n<h2>NYSE Forges Ahead with Blockchain for Digital Assets<\/h2>\n<p>The <strong>New York Stock Exchange (NYSE)<\/strong>, a subsidiary of <strong>Intercontinental Exchange, Inc. (<a href=\"\/stock\/ICE\">ICE<\/a>)<\/strong>, has announced the development of a cutting-edge platform designed for the trading and on-chain settlement of tokenized securities. This initiative marks a substantial leap into the digital asset space, aiming to facilitate <strong>24\/7 trading<\/strong> of tokenized stocks and exchange-traded funds (ETFs).<\/p>\n<p>The new digital platform will integrate the NYSE&#39;s advanced Pillar matching engine with blockchain-based post-trade systems, enabling features such as <strong>instant settlement<\/strong>, orders denominated in dollar amounts, and stablecoin-based funding. Subject to regulatory approvals, this venue will support both tokenized shares fungible with traditionally issued securities and natively issued digital securities. Tokenized shareholders are expected to retain traditional dividend and governance rights.<\/p>\n<p>This strategic development is a core component of <strong>ICE&#39;s<\/strong> broader digital strategy, which includes preparing its clearing infrastructure for round-the-clock trading and the potential integration of tokenized collateral. <strong>ICE<\/strong> is actively collaborating with major financial institutions, including <strong>BNY Mellon (<a href=\"\/stock\/BK\">BK<\/a>)<\/strong> and <strong>Citi (<a href=\"\/stock\/C\">C<\/a>)<\/strong>, to support tokenized deposits across its clearinghouses. This collaboration aims to empower clearing members to manage funds outside traditional banking hours, meet margin obligations, and accommodate funding requirements across various jurisdictions and time zones. The move underscores a growing institutional recognition of blockchain&#39;s potential to enhance efficiency and accessibility in global financial markets.<\/p>\n<h2>France Extends Corporate Tax on Big Companies<\/h2>\n<p>In Europe, the French Parliament has approved the <strong>Finance Bill for 2025<\/strong>, introducing a temporary <strong>corporate income tax (CIT) surcharge<\/strong> on large companies operating in France. This measure is part of a broader austerity budget and aims to appease left-wing political factions by promoting &quot;fiscal justice&quot;.<\/p>\n<p>The new surcharge will apply to standalone companies or tax-consolidated groups that generate revenues of at least <strong>\u20ac1 billion<\/strong> in France. Companies with revenues between <strong>\u20ac1 billion and \u20ac3 billion<\/strong> will face a <strong>20.6%<\/strong> surcharge, while those exceeding <strong>\u20ac3 billion<\/strong> in revenue will incur a substantial <strong>41.2%<\/strong> surcharge on their corporate income tax. This exceptional contribution is slated to apply to the first fiscal year ending on or after <strong>December 31, 2025<\/strong>.<\/p>\n<p>Additionally, the bill includes a new tax on share capital decreases resulting from share-buyback transactions, applicable from <strong>March 1, 2025<\/strong>, for French-headquartered companies with revenues surpassing <strong>\u20ac1 billion<\/strong>. These fiscal adjustments follow earlier endorsements by French President Emmanuel Macron in October 2024 for temporary taxes on large companies, forming part of a wider government strategy to implement <strong>\u20ac60 billion<\/strong> in spending cuts and tax increases to address a widening budget deficit. The measures are expected to generate approximately <strong>\u20ac20 billion<\/strong> through increased revenues from wealthy individuals and large corporations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The New York Stock Exchange (ICE) is developing a groundbreaking blockchain-powered platform for 24\/7 trading and instant settlement 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