TLDR Crypto · MISCELLANEOUS
SKEPTICAL TAKE ON NYSE'S TOKENIZATION PITCH
Summary from the TLDR Crypto newsletter
The NYSE tokenization announcement is vaporware as it leaves out critical details like the chain, VM, stablecoins, jurisdictions, permissioning, and fees used to enable tokenization. The NYSE, a profit-driven TradFi incumbent backed by regulatory privilege, is unlikely to successfully execute the radically different, permissionless architectures tokenization requires.