The NYSE's parent company wants to put NYSE stocks on-chain. The company it co-founded with OKX filed documents on Sunday. There are 63 stocks on the list, including NVIDIA and Tesla. Trading is open 24/7, no closing bell. You buy with stablecoins, and trades go through OKX's on-chain liquidity pools—no order book. Each tokenized share is backed 1:1 by a real stock, with the same dividends and voting rights as the actual shares. Wallets need to pass identity and sanctions checks first, and you'll get a non-transferable certificate before you can participate. The filing itself says the pool-determined price might not match the real stock price, especially after hours. That 3 AM price? No one’s guaranteeing it. There are also caps in the exemptions—limits on how many stocks can be listed and how much volume can trade. One chip company has already filed an objection, refusing to let its stock be tokenized. Yesterday, I said slapping a big name on something doesn’t justify that 11% pump. Today, this one’s backed by real stocks, sure. But its foundation is the SEC’s September 17th exemption, which is labeled as temporary. That law died in the Senate on September 15th, 49-50, and hasn’t been revived since. I’ll hold the real stocks, but I’m not touching the on-chain version.