Opinion: The NYSE security tokenization plan is more like a "concept packaging" and lacks key details to support it.

Odaily Planet Daily reported that analyst Omid Malekan from Fortune magazine stated that the NYSE’s large-scale tokenization plan is just a hollow check disguised as innovation. The NYSE emphasizes 24/7 trading and real-time settlement, which are not exclusive to blockchain; existing centralized systems can achieve these technically. The real resistance comes from the vested interests of existing intermediary systems and business partners. Additionally, the plan does not disclose which blockchains and stablecoins will be supported, nor the programming languages, virtual machines, and token standards involved. Considering that the NYSE’s grand plan “awaits regulatory approval,” the lack of these details is perplexing. The core advantage of public chains is not database efficiency but permissionless global access and a financial architecture similar to anonymous assets. This directly conflicts with the NYSE’s clearly reserved market structure of “limited to qualified broker-dealers.”