Changpeng Zhao: “NYSE’s 24-hour tokenization platform is a positive signal for the digital-asset market”

Suehyeon Lee

Summary

Changpeng Zhao, founder of Binance, was quoted as saying that the New York Stock Exchange (NYSE)’s push for a 24-hour tokenization platform is “a positive signal for the broader digital-asset market.”
The move by NYSE toward 24-hour tokenization and a trading regime was described as underscoring the trend of digital assets moving into the financial mainstream.
Lynn Martin, president of the NYSE, said tokenization can provide efficiency, transparency, and accessibility to capital markets, and would enable instant settlement structures, fundraising using stablecoins, and the issuance of native digital assets.

Forecast Trend Report by Period

*Photo=Changpeng Zhao X (formerly Twitter)*

As the New York Stock Exchange (NYSE), the world’s largest stock exchange, moves to advance a 24-hour tokenized platform, voices from the digital-asset (crypto) industry have also emerged welcoming the initiative.

According to Bitcoin.com on the 20th (local time), Changpeng Zhao (CZ), founder of Binance, said of the plan that it is “a positive signal for the broader digital-asset market.” The thrust of his remarks was that the very attempt by core traditional-finance infrastructure to shift toward tokenization and a 24-hour trading regime underscores the broader trend of digital assets moving into the financial mainstream.

NYSE also highlighted the benefits of tokenization. Lynn Martin, president of the NYSE, said, “Tokenization can deliver greater efficiency, transparency, and accessibility to capital markets,” adding that it would enable “instant settlement structures, fundraising using stablecoins, and the issuance of native digital assets.”