DEX in the City: When NYSE Goes Onchain, What Happens to Financial Intermediaries?

The podcast explores the tokenization of securities, focusing on its potential to update networks of value and disrupt traditional financial systems. Alex Zozos, GC of Superstate and former SEC staff, discusses the advantages of tokenization, such as increased speed, efficiency, programmability, and investor choice, while also addressing legal and regulatory challenges. The conversation highlights Superstate's partnership with Galaxy in bringing a tokenized version of their NMS stock to market, and different approaches to tokenizing equities. Zozos also addresses the roles of legacy institutions like DTC and NYSE in the evolving tokenization landscape, and the potential for parallel on-chain and off-chain systems to coexist.