Svmuu News According to Jon Herrick, Head of Products at the New York Stock Exchange (NYSE), they are currently exploring "layering" blockchain technology onto existing market infrastructure rather than replacing traditional systems. The core objective is to achieve interoperability while preserving existing regulatory, clearing, and investor protection mechanisms.
Herrick pointed out that the future development path is not a choice between traditional finance and blockchain, but a gradual integration. He emphasized that while advancing the application of tokenized assets, the mature advantages of the current market system must be considered. Currently, NYSE is researching application scenarios including near real-time settlement and extended trading hours. Its parent company, Intercontinental Exchange (ICE), has also entered the crypto space, recently investing in OKX, planning to incorporate crypto price data into derivatives, and promoting tokenized asset-related businesses.
However, Herrick also stated that the existing centralized clearing system still holds advantages in reducing trading risks and is difficult to be completely replaced in the short term. In the long run, the boundaries between traditional assets and tokenized assets may gradually blur. Overall, NYSE prefers a gradual introduction of blockchain technology rather than a radical overhaul of the financial system. (CoinDesk)