NYSE Stock Tokenization Long vs Short Perspective Summary: Bringing Weekend Price Discovery, Can DeFi Integration be the Ultimate Key
BlockBeats News, January 20th, yesterday evening the New York Stock Exchange announced that it is developing a US stock tokenization trading and settlement platform, featuring multi-chain settlement and custody, as well as 24/7 trading capability. This news has sparked widespread discussion in the crypto community, and some key points are summarized below:
Carlos Domingo, CEO of Securitize, a tokenization platform under BlackRock, stated that the upcoming NYSE native tokenized stock on-chain trading, with no wrapper, no derivatives, and no tokenized equity, is an unprecedented boon for the crypto market.
Shaun Da Devens, an analyst at Blockworks Research, said that the NYSE's proposed 24/7 tokenization trading is a substantial benefit for stock traders, with the biggest advantage being weekend price discovery.
CZ, the founder of Binance, stated this morning that "this is good news for both cryptocurrency and cryptocurrency trading platforms." Mike Dudas, founder of The Block, retweeted the NYSE announcement and expressed optimism and attention.
Dan Smith, Head of Data at Blockworks, said the most useful point in the NYSE announcement is the implication that trades will be executed off-chain while settlement will occur on-chain, similar to Polymarket's order book model. Dan Smith believes that future adoption of multi-chain custody is evident.
Salman Banaei, Chief Legal Officer of Plume Network, said that unlike the DTCC's tokenization project, NYSE is incorporating "digitally native issued asset tokens" into its roadmap, which is very important. NYSE's actions bring new partnership and growth opportunities to the on-chain ecosystem. Subsequently, 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 "fatal blow" to all DEXes involving equity trading. There is now no reason to trade stock options on Hyperliquid or other platforms, as the sole purpose is for airdrop farming. The 24/7 round-the-clock service was once a mainstream concept, but it is now outdated.
Renowned KOL REX believes that the NYSE's entry will completely destroy or marginalize native crypto blockchains, as resources, users, and innovation will be snatched away by traditional institutions, leading to the decline of the crypto ecosystem.
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