NYSE Tokenizes

Welcome to the stock market parallel universe. With the US maxing out on regulatory confusion masquerading as clear support of crypto et al (albeit incoherently beyond the ability of certain folks, often with names ending in ‘-rump’ making a profit, The New York Stock Exchange Develops Tokenized Securities Platform (ICE). The big thing here is truly that in an effort to secure their futures, the prevailing pre-eminent exchanges now sense they may have to kill their own business model to thrive in the future AND that also comes with a side order of, it could kill the DTCC monopoly too. There are SO many ramifications here it’s fascinating but at the same time, a sensible move by NYSE to preserve its brand and world leader position. Fascinating too that the announcement came out on the US Martin Luther King holiday.

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