The NYSE has taken action. This financial giant with a 233-year history officially announced yesterday the launch of a tokenized securities trading platform. This is not a small pilot project; it plans to move all stocks of giants like Apple and Tesla onto the blockchain, using stablecoins and tokenized deposits for trading.

What’s the most exciting part? 24/7 trading. That means stocks bought on Saturday afternoon can be used for new investments in the next minute—something impossible in traditional US stock markets. Under the traditional model, trading halts after Friday’s close and only resumes on Monday, and cross-timezone investors are even more hampered by time differences.

From a technical architecture perspective, the NYSE’s move is very clever. They use their existing Pillar engine for order matching, capable of handling millions of transactions per second with microsecond-level latency—its stability has already been proven. The settlement process is migrated onto the blockchain to achieve real-time clearing. This approach preserves the defenses of traditional financial markets while maximizing the efficiency advantages of blockchain.

In simple terms, this is the realization of "trade equals settlement." Previously, US stocks used T+1 settlement; now, it’s instant settlement. How much does this unleash liquidity? Just think about it. Global investors will no longer be constrained by time and settlement speed, and capital efficiency will be instantly maximized.

This is no longer a test bed for fintech but a comprehensive overhaul of Wall Street’s game rules. Blockchain has shifted from a peripheral technology to a core requirement for reconstructing the entire trading system.