Opinion: NYSE's security tokenization plan is more like "concept packaging" and lacks key supporting details

According to Odaily, Fortune magazine analyst Omid Malekan stated that the New York Stock Exchange’s large-scale tokenization plan is nothing more than an empty promise disguised as innovation. The NYSE’s emphasis on 24/7 trading and instant settlement is not unique to blockchain; existing centralized systems can also achieve this technically. The real resistance comes from the vested interests of existing intermediaries and business partners. Furthermore, the plan does not disclose which blockchains and stablecoins will be supported, nor does it specify programming languages, virtual machines, or token standards. Considering that the NYSE’s ambitious plan is “still pending regulatory approval,” this lack of detail is puzzling. The core advantage of public blockchains is not database efficiency, but rather permissionless global access and a financial architecture similar to bearer assets. This fundamentally conflicts with the NYSE’s explicitly retained market structure of “participation limited to qualified brokers.”