NYSE’s tokenization play is really about survival 🪙🏦; Revolut’s bet that AI would kill the checkout page 🤖🛍️

FinTech is Eating the World, 20 January

Hey Everyone,

Good morning & happy Tuesday! Today, we’re looking into the New York Stock Exchange, which is developing a separate venue for trading tokenized stocks and ETFs around the clock, with instant settlement and stablecoin-funded transactions (why it’s not about trading but about survival, and what’s next + bonus list of best stables resources inside & deep dive into Coinbase’s efforts to rival NYSE), and European FinTech giant Revolut that’s betting AI will kill the checkout page (why they are the first in Europe to support Google’s AP2 & how they are seeing the bigger picture here + bonus deep dive into Google’s UCP, and how it change’s everything). So let’s jump straight into the awesome stuff 🌶️

NYSE’s tokenization play is really about survival 🪙🏦

The news 🗞️ The 233-year-old exchange just admitted that blockchain infrastructure is coming for traditional markets, and decided to build it themselves rather than wait to be disrupted.

On Monday, NYSE announced it’s developing a separate venue for trading tokenized stocks and ETFs around the clock, with instant settlement and stablecoin-funded transactions. The platform, pending SEC approval, would run on private blockchain networks while using NYSE’s existing Pillar matching engine for order matching.

Michael Blaugrund, ICE’s VP of strategic initiatives, framed it as enabling retail investors to “trade something at 5:04 p.m. on a Saturday and then use that money to buy something else at 5:05 p.m.”

Let’s take a look at this, understand why it matters, and what’s next.