Do traditional stocks need to be "on the chain"? This step is very critical... The regulatory documents from the beautiful country show that the New York Stock Exchange is advancing a new rule: allowing eligible stocks to be traded directly on the exchange in the form of "tokenization." The core point is simple: tokenized securities = the same rights-sharing code and number as the original stock, traded on the same order book. Initially, only core assets (such as index components and ETFs) are open for trading. Settlement rules remain unchanged, regulations remain unchanged, but the "form" is beginning to change. This is not about hype, but about the traditional market actively moving closer to the blockchain. Many people still distinguish between "crypto circles / stock markets," but some rules are already starting to merge.