Morning Minute: NYSE Leans Into 24/7 Tokenized Trading Onchain

Core Viewpoint - The New York Stock Exchange (NYSE) is developing infrastructure to support 24/7 trading of tokenized stocks and ETFs, marking a significant shift towards blockchain integration in traditional finance [2]. Group 1: NYSE Developments - The NYSE, under its parent company Intercontinental Exchange, is preparing to enable continuous trading of traditional securities using blockchain technology, moving away from fixed market hours and delayed settlements [2]. - The initiative requires regulatory approval and is not yet operational, but it signals progress for advocates of blockchain in finance [2]. Group 2: Industry Reactions - Lynn Martin, President of NYSE Group, emphasized the NYSE's role in transforming market operations and its commitment to on-chain solutions that combine trust with advanced technology [3]. - BlackRock executives noted that the finance sector is entering a new evolution in market infrastructure, which could enhance the speed and security of asset transactions [3]. Group 3: Importance of the Shift - The NYSE's move towards a crypto-native market structure is significant as it reflects the growing acceptance of blockchain in mainstream finance [4]. - The transition to 24/7 trading and tokenization validates the core thesis of the crypto market, highlighting the obsolescence of traditional trading hours [6]. - The tokenization of equities on major exchanges will challenge the perception of tokenization as experimental, making it harder for regulators and institutions to dismiss its legitimacy [6]. - The convergence of traditional finance (TradFi) and crypto is nearing, as the NYSE's adoption of blockchain for trading and settlement indicates an inevitable integration of the two sectors [6].