Summary of bullish and bearish views on NYSE stock tokenization: Price discovery over the weekend, and whether DeFi integration will be the ultimate k...

Mars Finance reported on January 20th that the New York Stock Exchange (NYSE) announced last night that it is developing a tokenized trading and settlement platform for US stocks, featuring multi-chain settlement and custody, as well as 24/7 trading capabilities. This news sparked widespread discussion in the crypto community, with some key viewpoints summarized below: Carlos Domingo, CEO of Securitize, BlackRock's RWA tokenization platform, stated that the NYSE's upcoming native tokenized stock on-chain trading, without wrappers, derivatives, or tokenized equity, is an unprecedented boon to the crypto market. Shaun Da Devens, an analyst at Blockworks Research, stated that the NYSE's proposed 24/7 tokenized trading is a substantial benefit for stock traders, with its biggest advantage being weekend price discovery. Binance founder CZ stated this morning, "This is good news for cryptocurrencies and cryptocurrency trading platforms." Mike Dudas, founder of The Block, retweeted the NYSE's announcement and expressed optimism and interest. Dan Smith, Head of Data at Blockworks, stated that the most useful aspect of the NYSE announcement is the implication that transactions will be executed off-chain, while settlement will take place on-chain, similar to Polymarket's order book model. Smith believes that the future adoption of multi-chain custody is obvious. Salman Banaei, General Counsel of Plume Network, stated that unlike the tokenization projects of DTCC (Deposit Trust and Clearing Corporation), the NYSE is including "tokens natively issued by digital securities" in its roadmap, which is crucial. The NYSE's move brings new collaboration and growth opportunities to the on-chain ecosystem. Going forward, attention should be paid to how DeFi will be integrated into the NYSE's plans; beyond simple asset tokenization, true DeFi trading integration is the ultimate disruptive factor. Well-known KOL Moritz holds a negative view, stating that this is a "fatal blow" to all DEXs involving equity trading. There is now no reason to trade stock options on Hyperliquid or other platforms; the only purpose is to farm airdrops. 24/7 service was once mainstream, but it is now outdated. Renowned KOL REX believes that the NYSE's entry will completely destroy or marginalize native crypto blockchains, with resources, users, and innovation being taken away by traditional institutions, leading to the decline of the crypto ecosystem.