The New York Stock Exchange (NYSE) stated that blockchain technology will not replace the existing financial system but will instead integrate into it through a gradual transformation.
NYSE Product Manager Jon Herrick emphasized that blockchain should be positioned as a complementary layer rather than a competing alternative to traditional financial infrastructure. According to him, the goal is to preserve the strengths of the current system while incorporating the efficiency and innovation offered by digital assets.
Speaking at the Digital Asset Summit in New York, Herrick underlined the importance of regulation, clearing systems, and investor protection. He noted that blockchain and traditional finance are expected to converge over time, with tokenization of assets like stocks and funds playing a central role in this transition.
Tokenization is expected to enable real-time settlement, 24/7 trading, and broader global access. Meanwhile, investments by NYSE’s parent company, Intercontinental Exchange, signal growing momentum in this space. Herrick concluded that whether an asset is tokenized or not may eventually become irrelevant, as the transformation will unfold gradually and steadily.
