The NYSE wants to bring blockchain to Wall Street without breaking the current system
The NYSE plans to integrate blockchain technology incrementally into existing systems, focusing on interoperability rather than replacement.Summary
The New York Stock Exchange (NYSE) is focused on integrating blockchain technology by layering it into existing market infrastructure to achieve interoperability, according to Chief Product Officer Jon Herrick. This approach emphasizes building upon current systems, preserving established elements like regulation, clearing systems, and investor protections, rather than replacing traditional finance entirely. The NYSE is exploring blockchain uses such as near real-time settlement and extended trading hours. This strategy aligns with parent company ICE's recent investment in crypto exchange OKX. Herrick suggested that over time, the distinction between tokenized and traditional assets may disappear, advocating for a gradual merger of both systems.
(Source：CoinDesk)