The New York Stock Exchange (NYSE) is moving the entire securities trading system into the era of blockchain. translate: How many securities can you tokenize? I'll personally step down and you all go eat shit! Core functions (official bullet points): 7x24 trading, instant settlement, stablecoin as the settlement layer to achieve "instant settlement". one ️⃣ Stablecoins=Next Generation Securities Settlement Layer When the NYSE introduced stablecoin based finance, stablecoins have been upgraded from trading tools to financial infrastructure. two ️⃣ Post trade chain modification (clearing/settlement/reconciliation) Matchmaking may remain in traditional systems, but post transaction processing and going online are the most certain upgrade directions. three ️⃣ Compliance Custody&Permission System A blockchain account system that can be regulated, audited, and managed is worthy of being classified as a 'securities grade asset'. four ️⃣ Interchangeable tokenized stocks/ETF standards Token ≠ mapping assets, the real key is the ability to freely exchange with traditional securities. five ️⃣ New structured products in the 7 × 24 market 24/7 trading+T+0 will force TradFi to develop new types of profit and risk management products that are difficult to achieve. six ️⃣ Institutional level settlement chain/compliance L2 It's not a public chain war, but 'who can serve clearing houses, securities firms, and custodian banks'. seven ️⃣ Stable coin interest rates and on chain cash management When stablecoins are used for securities settlement, cash itself becomes a configurable asset.