CryptoQuant CEO: NYSE tokenized settlement will eventually expand to public chains

CryptoQuant CEO Ju Ki-young stated that the New York Stock Exchange's (NYSE) tokenized settlement system will eventually expand to public blockchains. His comments follow reports that the NYSE plans to launch a 24/7 trading service for U.S. stocks via an on-chain tokenized exchange. Ju noted that while the NYSE's system will initially operate on a permissioned blockchain, he believes public chains will play a significant role over time. He drew a parallel with Bitcoin, which first gained indirect market exposure through trusts and corporate holdings like those of Strategy before spot ETFs were approved as regulations matured. Ju concluded that as rules for tokenization are established, compatibility with public chains must also be developed.