The first thing to undergo a deep transformation may not be exchanges, but settlement.
Traditional finance:
Trading → clearing → custody → settlement
On-chain finance:
Trading → smart contracts → on-chain delivery
Assets and funds can be settled simultaneously on-chain, compressing processes that were previously fragmented.
That’s why DTCC is advancing its tokenization services, and the SEC has begun testing tokenized securities venues.
What tokenization truly changes isn’t just “turning stocks into tokens”—it’s the financial process itself.
Traditional finance won’t disappear overnight.
It will be redesigned layer by layer.
$HYPE $LINK
Traditional finance:
Trading → clearing → custody → settlement
On-chain finance:
Trading → smart contracts → on-chain delivery
Assets and funds can be settled simultaneously on-chain, compressing processes that were previously fragmented.
That’s why DTCC is advancing its tokenization services, and the SEC has begun testing tokenized securities venues.
What tokenization truly changes isn’t just “turning stocks into tokens”—it’s the financial process itself.
Traditional finance won’t disappear overnight.
It will be redesigned layer by layer.
$HYPE $LINK