NYSE’s Tokenization Push Bullish for Crypto, CZ Says — TradingView News
The New York Stock Exchange (NYSE) has announced plans to launch a fully independent trading venue for tokenized securities.
The announcement has drawn some praise from crypto heavyweight Changpeng Zhao (CZ).
In a recent social media post, the former Binance CEO has labeled the move as “bullish for crypto and crypto exchanges.”
The “two-exchange” strategy
The NYSE is building a parallel stock market that will run on blockchain rails.
As explained by fintech analyst Simon Taylor, the NYSE has chosen to operate two distinct venues in parallel.
The new digital venue will operate 24/7 and feature instant settlement with the help of stablecoins.
“Think about what this means: NYSE will run two exchanges. The old one: 9:30-4:00 EST, T+1…
