I recently heard that the NYSE is planning to establish a new trading platform based on blockchain technology, aiming to enable 24/7 continuous trading of tokenized securities and ETFs. This trend has actually been hinted at for a while—traditional financial institutions have long recognized the problem: securities need liquidity, and liquidity naturally suits tokens.

Why is that? Let’s break it down.

**First is the convenience of registered ownership.** Token on-chain means permanent record, unchangeable, and with especially low costs. It’s much simpler compared to traditional centralized registered systems.

**Next is issuance efficiency.** Imagine creating a token as straightforward as issuing one. What does this mean? Startups are no longer blocked by high barriers; they can directly issue tokenized shares. This is a huge boon for financing small and medium-sized enterprises.

**Then, look at long and short operations.** Going long or short in token trading is as easy as eating and drinking. Smart contracts inherently support this flexibility. In traditional securities markets? The complexity is on a completely different level.

**And the unique functional extensions of tokens.** Securities are essentially records and transfer mechanisms. But tokens can do much more—direct participation in corporate governance, exercising voting rights, triggering automatic dividends. These are impossible to achieve with traditional securities.

**Most importantly, the power of smart contracts.** This is the real killer feature of tokenized securities. Automated task execution, eliminating middlemen, reducing costs, and increasing efficiency. From settlement to dividends to voting, everything can be handled on one chain. This logic opens up countless possibilities in practical applications.

So, the NYSE’s move is actually a signal of traditional finance migrating onto the blockchain. Tokenization is not just hype; it’s an inevitable upgrade of financial infrastructure.