🚀 NYSE Enters the Future: Tokenized Securities Trading!
The US SEC has accepted new regulations from the NYSE to launch a groundbreaking trading mechanism for "Tokenized Securities." This move brings traditional stocks and ETFs into the world of on-chain settlement!
🔹 The Infrastructure Breakdown:
The NYSE isn't using common public chains for its core operations. Instead, it’s relying on a hybrid approach of institutional and compliant networks:
Canton Network: Developed by Digital Asset (a major Wall Street consortium), this is the "Official Settlement Chain."
Compliant Public Chains: The infrastructure will utilize Polygon ($POL) and Avalanche (
$AVAX ) subnets.
😲 Why No Ethereum?
Surprisingly, Ethereum (
$ETH )—the king of DeFi—is missing from the primary settlement list! Instead, the focus has shifted to:
Polygon: Recognized for its massive real-world applications like Polymarket.
Avalanche: Chosen for its high-speed subnets and institutional scalability.
This is a massive validation for the $POL and
$AVAX ecosystems as they bridge the gap between Wall Street and Blockchain.
Market Watch:
$ETH : $2,431.06 (+4.62%)
$POL: $0.0904 (+1.8%)
$AVAX : $9.838 (+3.53%)
#NYSE
#Tokenization #RWA #CryptoNews #Polygon #Avalanche
#SEC @CZ @Richard Teng @Yi He