The NYSE plans to integrate blockchain into the existing market infrastructure rather than replace traditional systems
According to CoinDesk, Jon Herrick, Chief Product Officer of the New York Stock Exchange (NYSE), stated at the New York Digital Assets Summit that the NYSE is committed to integrating blockchain technology into the existing market infrastructure rather than replacing traditional systems. Herrick emphasized that the exchange is pursuing "interoperability" and exploring the application scenarios of tokenized assets within the existing system, including real-time or near-real-time settlement and extended trading hours.
He also pointed out that existing mechanisms such as central clearing still have irreplaceable risk management value and should be retained. Herrick predicted that the boundaries between traditional assets and tokenized assets may gradually disappear within the next decade. In addition, the NYSE's parent company, Intercontinental Exchange (ICE), made a strategic investment in the cryptocurrency exchange OKX earlier this month, and the two parties will collaborate in the fields of crypto futures and tokenized stocks.
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