The New York Stock Exchange has completely revolutionized the traditional closing modelArticle by: Vaidik Mandloi
Translation by: Block unicorn
Preface
Last week, the New York Stock Exchange (NYSE) announced plans to build a 24/7 blockchain-based tokenized securities trading platform. At first glance, this seems like just another headline about "traditional finance adopting blockchain." For those who have been following the cryptocurrency space over the past few years, tokenized stocks, on-chain settlement, and stablecoin financing are already well-known concepts.
However, this announcement is not about testing new technology but about challenging market sectors that rarely see change.
The stock market still operates with fixed trading hours and delayed settlement mechanisms, mainly because this system has effectively managed risk for decades. Trades are conducted within a short time window, and clearing and
TechubNews·01-29 01:06