3 weeks ago
7
Why this matters
Nasdaq is developing tokenized equities that could trade and settle through always-on infrastructure. That may validate blockchain technology without producing the single winning network O’Leary expects investors to find.
Nasdaq gives O’Leary’s prediction a practical test
O’Leary told The Block in an interview published September 18 that he was buying new crypto positions ahead of the next market cycle. The more important part of his argument concerned what he is waiting to see from traditional finance.
He described the first major stock exchange to adopt a blockchain as a “watershed moment.” Banks, brokers and other financial companies would then have a reason to build around infrastructure that had already met the exchange’s operational and regulatory requirements.
There is still no agreement on the winning network
O’Leary said executives across different industries were considering different blockchains rather than converging on one...
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