The New York Stock Exchange's (NYSE) plan to tokenize real-world assets has been criticized by Columbia Business School professor Omid Malekan for being 'vague and superficial.' Malekan pointed out the absence of crucial details in the NYSE's announcement, such as the specific blockchain technology to be used, whether the tokens would be on permissioned or permissionless networks, and the lack of tokenomics and fee structures. These omissions raise concerns about the exchange's commitment to genuine technological innovation. Malekan also highlighted the tension between blockchain's decentralized nature and the NYSE's centralized framework, suggesting that the exchange's model may not fully leverage blockchain's transformative potential. The criticism underscores the challenges traditional financial institutions face in integrating blockchain technology, including regulatory compliance and technological infrastructure. The NYSE's announcement follows similar moves by other financial entities, but Malekan's analysis suggests a pattern of prioritizing market signaling over substantive advancement.