Columbia Professor Criticizes NYSE’s Tokenization Plan

Malekan Slams NYSE’s Blockchain Plan as ‘Vaporware’

The New York Stock Exchange (NYSE) and its parent company, Intercontinental Exchange, recently announced plans to create a blockchain-based system for trading and settling stocks and exchange-traded funds (ETFs).

NYSE Tokenization Plan Faces Skepticism From Crypto Experts

Among the most vocal critics is Omid Malekan, who argues that the proposal currently looks more like a branding exercise than a concrete technological shift. Key Takeaways The NYSE tokenization plan remains vague, with no clear information on blockchain infrastructure, governance, or economics. Omid Malekan argues that tokenization conflicts with the NYSE’s centralized market structure. Crypto veterans see the announcement as familiar, warning …

Columbia Professor Criticizes NYSE’s Tokenization Plan

A Columbia University business professor said NYSE’s tokenization announcement lacks critical details and comes from a firm that leans toward a “highly centralized and oligopolistic architecture.”