NYSE Tokenization Plan Sparks Market Debate
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The New York Stock Exchange's announcement of a blockchain-based trading and settlement system represents a significant institutional foray into tokenization. This initiative promises 24/7 trading, instant settlement, and enhanced custody features for stocks and ETFs, potentially addressing long-standing inefficiencies in traditional markets. The move signals growing acceptance of blockchain infrastructure by mainstream financial institutions, which could accelerate adoption across the sector.
However, skepticism has emerged from academic circles, with a Columbia University professor labeling the plan as 'vaporware,' suggesting it may lack substantive technical details or implementation roadmap. This criticism highlights the gap between ambitious announcements and practical execution in blockchain projects. Market participants should monitor whether NYSE provides concrete technical specifications and regulatory engagement to validate this initiative's viability.
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