The New York Stock Exchange is moving to integrate blockchain into its core operations by selecting $AVAX to power the settlement ledger for its upcoming tokenized stock platform. The exchange plans to use a custom-built, private blockchain to manage clearing and custody, aiming to facilitate 24/7 trading. This initiative relies on the exchange’s existing Pillar engine, with the network providing the speed and predictability required for institutional-grade equity settlement.
My read: The move toward private, permissioned ledgers shows that Wall Street prefers the efficiency of blockchain for settlement but remains committed to strict control over who participates in the market.
Do you think onchain settlement will eventually replace traditional clearinghouses for all retail stocks, or will it remain a niche for specific assets? Let me know your thoughts below.
Full piece: https://app.binance.com/uni-qr/cart/386684517615079?r=KU1Z4N85&l=en-TR
My read: The move toward private, permissioned ledgers shows that Wall Street prefers the efficiency of blockchain for settlement but remains committed to strict control over who participates in the market.
Do you think onchain settlement will eventually replace traditional clearinghouses for all retail stocks, or will it remain a niche for specific assets? Let me know your thoughts below.
Full piece: https://app.binance.com/uni-qr/cart/386684517615079?r=KU1Z4N85&l=en-TR