NYSE President says exchange felt ‘responsibility’ to enter tokenization space
NYSE President Lynn Martin stated the exchange felt a responsibility to enter the tokenization space amid growing blockchain finance momentum.Summary
New York Stock Exchange (NYSE) President Lynn Martin announced at the World Liberty forum that the exchange felt a "responsibility" to engage in the tokenization conversation due to the increasing momentum of blockchain-based finance. The NYSE has developed its tokenization technology and is collaborating with regulators to integrate it within the existing financial framework. Tokenization involves converting real-world assets into blockchain tokens, promising benefits like faster settlement and 24/7 trading. Martin referenced lessons learned from past market stresses related to liquidity and stability as they apply to this new venture. The exchange plans to launch a blockchain-powered platform later this year for around-the-clock trading of tokenized stocks and ETFs, pending regulatory approval, moving beyond its traditional trading schedule. Commodity Futures Trading Commission Chairman Michael Selig, also on the panel, expressed readiness to collaborate with all parties on building new tools and products.
(Source：CoinDesk)