NYSE: Will not radically restructure the existing system, but will explore "overlaying" blockchain technology onto the existing system.

Jon Herrick, Head of Product at the New York Stock Exchange (NYSE), stated that the current focus is on integrating blockchain technology into existing market infrastructure, rather than replacing traditional systems. The core objective is to achieve interoperability while preserving existing regulatory, clearing, and investor protection mechanisms. Herrick pointed out that the future development path is not an either-or choice between traditional finance and blockchain, but rather a gradual integration. He emphasized that while promoting the application of tokenized assets, it is necessary to consider the mature advantages of the current market system. Currently, the NYSE is researching application scenarios including near-real-time settlement and extended trading hours. Its parent company, Intercontinental Exchange (ICE), has also entered the crypto space, recently investing in OKX and planning to introduce crypto price data into derivatives while promoting tokenized asset-related businesses. However, Herrick also stated that the existing centralized clearing system still has advantages in reducing trading risks and is difficult to completely replace in the short term. In the long term, the boundaries between traditional assets and tokenized assets may gradually blur. Overall, the NYSE prefers a gradual introduction of blockchain technology rather than a radical restructuring of the financial system. (CoinDesk)