Summary
- Ki Young Ju, CEO of CryptoQuant, said an on-chain tokenized exchange being pursued by the New York Stock Exchange (NYSE) is likely to expand to public blockchains over the long term.
- He said NYSE’s tokenized settlement will initially run on a permissioned (private) blockchain, but that public chains will come to play an important role over time.
- He also said interoperability with public chains must develop in tandem as rules are set and institutions adopt them, signaling potential convergence between tokenized securities and public blockchains.
As the New York Stock Exchange (NYSE) prepares a service that would allow U.S. stocks to trade 24/7 through an on-chain tokenized exchange, Ki Young Ju, CEO of CryptoQuant, said the system is likely to expand to public blockchains over the long term.
On the 19th (local time), Ju said, "NYSE’s tokenized settlement will initially operate on a permissioned (private) blockchain, but over time public chains will come to play an important role." He added, "Bitcoin also began with indirect exposure through trust products and MicroStrategy (MSTR), but as regulations followed, it ultimately evolved into spot ETFs."
He also noted that "as rules are established and the institutional market adopts them, interoperability with public chains must also develop in tandem," pointing to the potential convergence of tokenized securities and public blockchains.
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