The New York Stock Exchange is developing a platform for continuous trading of tokenized stocks and ETFs using blockchain technology. This new system aims to match buyers and sellers in real-time and is expected to launch later this year, subject to regulatory approval.

Hyperliquid is a decentralized exchange operating on its own Layer-1 blockchain, HyperEVM, utilizing a fully on-chain order book model to enhance performance and scalability. It features a unique architecture that combines two components, HyperCore and HyperEVM, allowing for seamless integration and real-time liquidity access. Users can engage in vaults for trading strategies and participate in governance through Hyperliquid Improvement Proposals (HIPs).

The article discusses trends for crypto businesses this year, emphasizing the importance of focusing on product development over trading. It also highlights upcoming regulatory changes that could improve the blockchain landscape by promoting transparency and clear standards.

The SEC is reportedly advancing a plan to allow blockchain-based stock trading, which could benefit platforms like Coinbase and Robinhood while raising concerns among traditional financial firms about potential market disruptions and compliance issues. Tokenized stocks would enable investors to purchase shares in the form of tokens, streamlining trade settlements but also introducing new risks. However, legacy financial players may challenge the SEC, delaying the implementation of this initiative.

Morgan Stanley plans to launch crypto trading for retail customers through its E-Trade division in the first half of 2026, partnering with Zerohash for liquidity and custody. The bank aims to provide direct ownership of cryptocurrencies like bitcoin, ether, and solana, while also preparing for future tokenization of traditional assets, signaling a shift in wealth management practices.