I've been banging on about tokenisation unlocking more access globally and more liquidity. One of the things that came out of the exemption is the AMM. It can stay open after the NYSE closes, quote continuously, settle against a stablecoin in one transaction, and print the trade in public. No T+1. No batch settlement. For a token that is the share, U.S. equities can finally trade 24/7 like a digital asset without becoming a derivative.