NYSE’s 24/7 entry: This isn’t a victory for crypto, but rather an unlimited expansion of “tradability”.
Author: Curry , Deep Tide TechFlow
The world is becoming a never-ending exchange.
On January 19th, the NYSE announced the development of a tokenized securities platform. This platform allows 24/7 trading of US stocks and ETFs, stablecoin deposits, instant settlement, and orders placed in USD. The partners are Bank of New York Mellon and Citigroup, both established players.
The plan is still awaiting regulatory approval, but the direction has been set.
NYSE President Lynn Martin said:
“For over two centuries, we have been changing the way markets operate. We are leading the industry toward fully on-chain solutions.”
It’s called leading, but it’s actually catching up.
Last week, the CEO of ICE, the parent company of the NYSE, said, “We…
