BlockBeats News, January 20th. Yesterday evening, the New York Stock Exchange announced that they are developing a tokenized trading and settlement platform for US stocks, with multi-chain settlement and custody capabilities, as well as 24/7 trading. The news sparked extensive discussions in the crypto community, and some key points are summarized below:Carlos Domingo, CEO of Securitize, a tokenization platform under BlackRock, stated that the upcoming NYSE native tokenized stock on-chain trading, without wrappers, derivatives, or tokenized equities, is an unprecedented positive development for the crypto market.Shaun Da Devens, an analyst at Blockworks Research, commented that the NYSE's proposed 24/7 tokenized trading is a substantial advantage for stock traders, with the biggest benefit being weekend price discovery.CZ, the founder of Binance, expressed this morning that "this is good news for both cryptocurrency and cryptocurrency trading platforms." Mike Dudas, the founder of The Block, retweeted the NYSE announcement and expressed optimism and interest.Dan Smith, Director of Data at Blockworks, mentioned that the most useful point in the NYSE announcement is the implication that trading will occur off-chain while settlement will be on-chain, similar to Polymarket's order book model. Dan Smith believes that adopting multi-chain custody in the future is obvious.Salman Banaei, Chief Legal Officer at Plume Network, noted that unlike the DTCC's tokenization project, NYSE is incorporating "tokens issued natively for digital securities" into its roadmap, which is crucial. NYSE's actions bring new collaboration and growth opportunities to the on-chain ecosystem. The focus should then shift to how DeFi will integrate into NYSE's plans. Beyond simple asset tokenization, true DeFi trading integration is the ultimate disruptive factor.Well-known KOL moritz held a negative view, stating that this development will deliver a "fatal blow" to all DEXs involving equity trading. There is now no reason to trade stock options on Hyperliquid or other platforms; the sole purpose is for airdrop farming. The 24/7 full-time service was once a mainstream concept, but it is now outdated.Renowned KOL REX expressed a belief that NYSE's entry will completely destroy or marginalize native crypto blockchains. Resources, users, and innovation will be taken over by traditional institutions, leading to the decline of the crypto ecosystem.

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