A Columbia Business School professor questions NYSE’s blockchain plan for asset tokenization, citing lack of details and concerns about going against crypto ethos. NYSE aims for 24/7 trading and instant settlement with blockchain post-trade system, but Malekan criticizes centralized model and doubts success. Despite doubts, industry execs see NYSE’s tokenization as positive for blockchain, with predictions of RWA tokenization market reaching $11 trillion by 2023.

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