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On-chain infrastructure is the future of trading

The bull case argued is that traditional capital markets will inevitably migrate to on-chain digital infrastructure, transforming trading, clearing, and settlement over the next decade.

The argument

The speakers from the NYSE and Securitize argued that this transition is a 'when, not if' scenario, comparable to the historical shift from floor-based to electronic trading. They expect that by 2036, a significant portion of US equity trading volume will exist in tokenized form, driven by the efficiency, self-custody, and composability benefits of blockchain technology.

The thesis, stress-tested
✓ What validates it
  • Launch of the NYSE-Securitize tokenized trading platform, targeted for Q4 2026
  • Major public issuers choosing to issue native tokenized shares on-chain
▸ Risks discussed
  • Inertia in the existing traditional financial system
  • Regulatory approval delays for the new trading platform
  • Institutional desire to obfuscate trading activity rather than utilize transparent ledgers
Hear it yourself
"And so, you know, I don't know, you know, I don't know how quickly it'll be 1%, 2%, 5%, 10 of US equity trading volume in tokenized form, but by 2036, you know, ten years from now, like, I'll be stunned if it's de minimis."
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ICE: On-chain infrastructure is the future of trading · Zortix