From:
Columbia Business School adjunct professor Omid Malekan authored a Fortune commentary arguing that the New York Stock Exchange’s proposed tokenization initiative amounts to hype rather than substantive innovation. Malekan contended that the plan largely repackages existing market infrastructure while branding it as technological progress, without delivering meaningful technical improvements or regulatory advances. He emphasized that true innovation in financial markets would require clearer rules, interoperable systems, and tangible efficiency gains—rather than symbolic uses of blockchain language.
