NYSE Stock Tokenization Long vs Short Take: 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 tokenized trading and settlement platform for US stocks, with multi-chain settlement and custody capabilities, as well as 24/7 trading. The news sparked widespread discussion in the crypto community, with some key points summarized below:

Carlos Domingo, CEO of Securitize, a tokenization platform under BlackRock, stated that the upcoming NYSE on-chain trading of native tokenized stocks, without wrappers, derivatives, or 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 tokenized trading is a substantial advantage for stock traders, with the biggest benefit being weekend price discovery.

CZ, the founder of Binance, stated this morning that "this is positive news for both cryptocurrency and cryptocurrency trading platforms."

Mike Dudas, the founder of The Block, retweeted the NYSE announcement and expressed optimism and interest.

Dan Smith, Director of Data at Blockworks, said the most useful point in the NYSE announcement is the indication that trading will occur off-chain, while settlement will occur on-chain, similar to Polymarket's order book model. Dan Smith believes that adopting multi-chain custody in the future is obvious.

Salman Banaei, Chief Legal Counsel at Plume Network, stated that unlike the DTCC's tokenization project, NYSE is incorporating "tokens issued natively for digital securities" into its roadmap, which is crucial. NYSE's actions bring new collaboration and growth opportunities to the on-chain ecosystem, and 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.

Well-known KOL moritz holds a negative view, stating that this is a "fatal blow" to all DEXs involving equity trading. There is now no reason to trade stock options on Hyperliquid or other platforms, the sole purpose being for airdrop farming. 24/7 round-the-clock service was once a mainstream belief but is now outdated.

Renowned KOL REX believes that the NYSE's entry will completely destroy or marginalize native crypto blockchains, with resources, users, and innovation being snatched away by traditional institutions, leading to the decline of the crypto ecosystem.