Jan 18 (Reuters) - U.S. President Donald Trump said on Monday that building a "New York Stock Exchange" in Dallas is an "unbelievably" bad thing for New York. "I can't believe they would let this happen.

“Supporting tokenized securities is a pivotal step in ICE’s strategy to operate on-chain market infrastructure for trading, settlement, custody, and capital formation in the new era of global finance,” says Michael Blaugrund, vice president of strategic initiatives at ICE.

The world's largest stock exchange is developing a blockchain-based platform for tokenized securities that would operate around the clock.

The New York Stock Exchange is working on a digital platform that would enable investors to trade digital tokens around the clock.

Trump commented on NYSE Texas after Dallas Mayor Eric Johnson said Dallas represents the future of capitalism.

Trump says Texas plans for Dallas-based stock exchange a ‘big test’ for Mamdani - The President “can’t believe” the New York Stock Exchange has expanded into Texas, and thinks it will be “unbelievably bad” for the Big Apple.

Donald Trump is not a fan of the New York Stock Exchange's plan to open a Dallas branch.

Shares of BitGo traded 25% higher in the crypto-infrastructure firm’s New York Stock Exchange debut, marking the first major test for a digital-asset company IPO since the sector’s market downturn last year.