NYSE enters tokenized trading: the end of DeFi or a new opportunity?

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【BlockBeats】The New York Stock Exchange announced on January 20th that it is developing a native tokenized stock on-chain trading and settlement platform, supporting multi-chain settlement and 24/7 around-the-clock trading. This news has sparked heated discussions in the crypto community, with mixed opinions.

Carlos, CEO of Securitize, a RWA platform under BlackRock, stated that the NYSE’s launch of native tokenized stock on-chain trading is an unprecedented positive development—no wrappers, no derivatives, no intermediate steps of tokenized rights, which has profound implications for the entire crypto market.

Analysts pointed out that the core advantage of 7×24-hour tokenized trading lies in weekend price discovery, which is a substantial benefit for traditional stock traders. A founder of a major exchange expressed optimism about this move earlier today, believing it sends a positive signal to the crypto ecosystem.

On the technical level, industry insiders revealed that the NYSE’s design logic is to execute trades off-chain and settle on-chain. This architecture is similar to existing order book models, and adopting multi-chain custody is likely the trend in the future.

The deeper significance is—unlike tokenization projects with traditional custodial clearing institutions, the NYSE aims to incorporate “native issuance of digital securities” into its roadmap. This opens new collaboration opportunities for on-chain ecosystems. But the real disruption is not just asset tokenization itself, but whether DeFi trading can truly integrate into traditional financial infrastructure.

However, some voices remain cautious. A well-known industry practitioner believes this could be a fatal blow to existing equity trading DEXs—since there is now an official 7×24 platform, there is no reason to trade stocks and options elsewhere. Others are more pessimistic, thinking that NYSE’s involvement will accelerate the concentration of resources, users, and innovation into traditional institutions, potentially marginalizing the domestic crypto ecosystem.

Opportunities and threats coexist; the key still depends on whether DeFi can keep pace with this wave of traditional finance going on-chain.

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FantasyGuardianvip
· 16h ago
The NYSE has really arrived. Will traditional finance have to bow now? But I still want to see if we can truly get rid of middlemen...
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PumpBeforeRugvip
· 16h ago
The NYSE is really here. The trick of off-chain trading and on-chain settlement sounds just like that—nothing special. The middle steps are fewer, but can it really break through? --- Trading on weekends? Traditional investors are about to get chopped again, haha. --- Carlos says it nicely, but I just want to know about liquidity. What's the use if no one is playing? --- On-chain settlement sounds impressive, but it still feels like a centralized system wrapped in a layer of blockchain. --- BlackRock has stepped in, which means the crypto world is really about to turn upside down. --- Wait, isn't this just another alias for RWA? They were hyping this up last year too. --- 24-hour trading? Our miners are so happy—gas fees are back to making money. --- With this architecture design, no wonder some are optimistic; it does solve some pain points.
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MetaverseHomelessvip
· 16h ago
The NYSE's move... to put it simply, big institutions want to get their hands into the on-chain world. They call it a "positive development," but in reality, they just want to harvest profits like cutting chives. Let's see what happens in a year.
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NFTRegretDiaryvip
· 16h ago
The NYSE's move is indeed aggressive, but I think the key still depends on subsequent execution. Don't let it become a new way for capital to harvest retail investors again. Weekend price discovery sounds good, but I wonder if liquidity can keep up. Retail investors are still at risk of being exploited. Off-chain execution with on-chain settlement? Isn't that just a centralized shell? How can decentralization be so easily shattered? Honestly, this is good for the crypto ecosystem, but I'm more worried that traditional financial giants are digging a trap for us to fall into.
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