BlockBeats News, January 20th, yesterday evening the New York Stock Exchange announced the development of a tokenized trading and settlement platform for US stocks, featuring multi-chain settlement and custody as well as 24/7 trading capabilities. The news sparked a wide discussion in the crypto community, with some key viewpoints summarized below:
Carlos Domingo, CEO of Securitize, a tokenization platform under BlackRock, stated that the upcoming native tokenized stock trading on NYSE, without wrappers, derivatives, or tokenized equity, is an unprecedented boon for the crypto market.
Shaun Da Devens, an analyst at Blockworks Research, remarked that the proposed 24/7 tokenized trading by NYSE is substantial for stock traders, with the biggest advantage being weekend price discovery.
This morning, CZ, the founder of Binance, stated, “This is good news for both cryptocurrency and cryptocurrency trading platforms.” Mike Dudas, the founder of The Block, retweeted the NYSE announcement and expressed optimism and attention.
Dan Smith, Director of Data at Blockworks, stated that the most useful point in the NYSE announcement is the implication that trading will occur off-chain, with settlement on-chain, similar to Polymarket’s order book model. Dan Smith believes that adopting multi-chain custody in the future is obvious.
Salman Banaei, Chief Legal Officer of Plume Network, stated that unlike DTCC’s tokenization project, NYSE is bringing “tokens issued for digital securities natively” into its roadmap, which is crucial. NYSE’s move has brought new partnership and growth opportunities to the on-chain ecosystem, and attention should be paid to how DeFi will be integrated into NYSE’s plans. Beyond simple asset tokenization, true DeFi trading integration is the ultimate disruptive factor.
Renowned KOL moritz, on the other hand, holds a negative view, stating that this is a “lethal blow” to all DEXs involving equity trading. There is now no reason to trade stock options on Hyperliquid or other platforms, the sole purpose being for airdrop farming. 24/7 full-time service used to be a mainstream term, but it is now outdated.
Renowned KOL REX stated that the NYSE’s entry will completely destroy or marginalize native crypto blockchains, with resources, users, and innovation being taken over by traditional institutions, leading to the decline of the crypto ecosystem.
