The adoption of blockchain and stock markets is increasing attention from stakeholders, brokers, secondary markets, and regulators. Blockchain technology has a remarkable potency to be used to maintain reliable, transparent data records for the number of transactions that take place in the stock markets. However, there are certain factors discussed in literature having an impact on the adoption of the technology, specifically in developing countries. The current study aims to confirm such factors affecting the adoption of blockchain in the Indian stock markets. Factor analysis techniques have been used to explore the factors. The findings of the study confirmed the technological, organizational, and market factors of blockchain technology influencing the adoption of technology in Indian stock markets.