Lates News

On March 27, Jon Herrick, the head of products at the New York Stock Exchange (NYSE), stated that they are currently exploring the integration of blockchain technology into existing market infrastructure rather than replacing traditional systems. The core goal is to achieve interoperability and preserve existing regulatory, clearing, and investor protection mechanisms. Herrick pointed out that the future development path is not a choice between traditional finance and blockchain, but a gradual integration. He emphasized the need to consider the mature advantages of the current market system while advancing the application of tokenized assets. Currently, NYSE is studying application scenarios including near real-time settlement and extended trading hours. Its parent company, Intercontinental Exchange (ICE), has also made investments in the cryptocurrency field, recently investing in OKX and planning to introduce cryptocurrency price data into derivatives trading while promoting tokenized asset-related businesses. However, Herrick also noted that the existing centralized clearing system still has advantages in reducing trading risks and may not be fully replaced in the short term. In the long term, the boundaries between traditional assets and tokenized assets may gradually blur. Overall, NYSE is more inclined towards gradually introducing blockchain technology rather than aggressively restructuring the financial system.