Jon Herrick, head of product development at the NYSE, says the exchange will integrate blockchain into its existing infrastructure rather than undertake a full systems overhaul. The approach aims to capture efficiency gains while avoiding major operational disruption.
Nasdaq and Intercontinental Exchange, the owner of the NYSE, are advancing plans to shift the $126 trillion global equity market onto blockchain as part of an effort to build an “everything exchange.” This strategy positions traditional market operators and crypto platforms as both competitors and collaborators.
LMAX has launched Omnia, an exchange that lets users trade any asset against any other 24/7 with no size limits or asset-type restrictions. The move aims to unify crypto and traditional FX liquidity pools and attract a broader base of professional traders.
Robinhood CEO Vlad Tenev says tokenized stocks could have prevented the infrastructure failures that led to the 2021 GameStop trading halt. He argues tokenization can reduce settlement friction and single points of failure, but implementation and oversight remain open questions.