- The New York Stock Exchange (NYSE) reported that it views blockchain not as a replacement for existing finance, but as integrable infrastructure.
- NYSE CPO Jon Herrick said exchanges are taking an approach that strengthens interoperability and builds blockchain on top of existing infrastructure.
- He was also quoted as saying they are exploring how asset tokens could function within the current financial system.
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The New York Stock Exchange (NYSE) has assessed blockchain not as a technology to replace existing finance, but as infrastructure that can be integrated.
According to CoinDesk, a digital asset (cryptocurrency) news outlet, on the 26th (local time), NYSE Chief Product Officer (CPO) Jon Herrick said, “Exchanges are taking an approach that strengthens interoperability and builds blockchain on top of existing infrastructure.”
He added, “We are exploring how asset tokens could function within the current financial system.”
These remarks suggest that traditional finance and blockchain are not in a competitive relationship, but are evolving toward gradual integration.
