The New York Stock Exchange (NYSE) has announced the launch of a 24/7 on-chain stock trading platform, allowing U.S. stocks to be traded around the clock on the blockchain. This move marks a significant shift in the stock trading landscape, as it integrates traditional stock trading with blockchain technology, potentially ending the era of private companies issuing tokenized stocks without regulatory oversight. The platform will enable tokenized stock trading, but it also highlights the complexities involved in such a system, including compliance and technical challenges. Unlike stablecoins, which are pegged to the freely circulating U.S. dollar, stock tokens involve complex legal and ownership structures that require updates for corporate actions like dividends and stock splits. The NYSE's involvement suggests a move towards a more centralized and standardized approach to stock tokenization, supported by established exchanges and regulatory frameworks. This development is expected to reshape the industry, as official solutions backed by top-tier exchanges and clearing systems will likely attract more liquidity and trust compared to privately issued stock tokens. The NYSE's entry into the tokenized stock market signals a transition from experimental projects to a more mature, regulated environment, paving the way for new opportunities in trading infrastructure and crypto-friendly brokerage platforms.