The NYSE wants to bring blockchain to Wall Street without breaking the existing system

The exchange's chief of product development, Jon Herrick, said blockchain technology will be layered into current systems rather than replace them. What to know : The New York Stock Exchange is pursuing a strategy of integrating blockchain technology into its existing market infrastructure rather than replacing traditional systems outright. NYSE chief product officer Jon Herrick said the exchange is focused on interoperability and tokenization uses such as real-time or near real-time settlement and extended trading hours. While emphasizing the benefits of regulation, centralized clearing and investor protections, Herrick predicted that over the next decade the distinction between traditional and tokenized assets could largely disappear.