Changpeng Zhao, the founder of Binance and one of the most influential figures in crypto, has weighed in on one of today’s biggest developments. His view is straightforward: the New York Stock Exchange stepping into tokenized securities is a positive signal for crypto and for crypto exchanges.
According to CZ, this move is clearly bullish for cryptocurrencies.
What makes this different is that it’s not just another test or pilot using blockchain on top of old systems. The NYSE is building a new market from the ground up. This platform is designed to run around the clock, settle transactions instantly, rely on stablecoins instead of traditional banking rails, and issue securities directly on-chain.
In practice, the NYSE is choosing to operate two financial systems at the same time.
One is the familiar traditional exchange, with limited trading hours, delayed settlement, and heavy reliance on banks. The other is a new on-chain market that never closes, clears instantly, and allows capital to move through stablecoins.
Instead of choosing between traditional finance and crypto, the NYSE is moving forward with both.
This strategy sets it apart from other major players. While some institutions are focusing on tokenizing assets already held in custody, others are targeting specific products like money market funds or building regulatory connections between old and new systems. The NYSE is taking a bigger step by issuing shares directly on-chain and trading them in a digital marketplace built specifically for that purpose.
That approach puts it in direct competition with crypto-native platforms and places it squarely inside the broader crypto ecosystem.
Tokenized shares introduce a model where consensus happens on-chain, custody shifts to wallets, markets operate nonstop, and capital formation flows through stablecoins.
CZ’s response reflects what many in the crypto space are already thinking. This is not a small upgrade or a gradual change. It’s a merging of financial infrastructure.
When a Wall Street institution like the NYSE starts building on crypto-native rails, the message is hard to ignore.
