The New York Stock Exchange is exploring adding blockchain technology to existing market infrastructure without radically restructuring traditional systems.

Gate News reports that on March 26, the New York Stock Exchange (NYSE) product leader Jon Herrick stated that they are currently exploring integrating blockchain technology into existing market infrastructure rather than replacing traditional systems. The main goal is to achieve interoperability while maintaining current regulatory, clearing, and investor protection mechanisms.

Herrick pointed out that the future development path is not a choice between traditional finance and blockchain, but a gradual integration. He emphasized that while promoting tokenized assets, they must also consider the advantages of the current mature market system. Currently, NYSE is researching applications such as near real-time settlement and extended trading hours.

Its parent company, Intercontinental Exchange (ICE), has already entered the crypto space, recently investing in a CEX, and plans to introduce crypto price data into derivatives, as well as promote tokenized asset-related businesses. However, Herrick also noted that the existing centralized clearing system still has advantages in reducing trading risks and is unlikely to be fully replaced in the short term. In the long run, the boundaries between traditional assets and tokenized assets may gradually blur. Overall, NYSE prefers a gradual approach to integrating blockchain technology rather than radical restructuring of the financial system.