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Unchained

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

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 22 January 2026

⏱️ 53 minutes

🧾️ Download transcript

Summary

Thanks to Mantle for supporting the pod—and launching the Global Hackathon 2025 with $150k in prizes, VC mentorship, and access to 7M+ Bybit users. Your next big idea could go live here The New York Stock Exchange just announced that it has developed a platform for the trading of tokenized equities with plans to unlock 24/7 trading for users. In this DEX in the City episode hosts Katherine Kirkpatrick Bos and Vy Le are joined by Superstate General Counsel Alex Zozos to unpack the implications of NYSE's move and how tokenization could reshape markets. Are traditional financial grants facing an Existential crisis? And will tokenization make most regulatory regimes redundant? Plus, Zozos explains why all tokenized equities are not the same. Hosts: Katherine Kirkpatrick Bos TuongVy Le Guests: Alex Zozos, General Counsel at Superstate Links: NYSE’s Tokenized Trading Push Marks a Quiet Win for Crypto Inside Robinhood’s Big Super App Plan: ‘There’s Still a Lot of Work to Be Done’ JPMorgan Launches Tokenized Money Market Fund on Ethereum Vy's paper on the evolution of capital markets Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Commissioner of Perce came out with a statement that said, you know, securities are securities and there always will be securities.

0:05.9

We love that statement because it was like, thank you.

0:09.6

It's just a little bit like, hey guys, calm down a little bit.

0:13.1

Like, just a reminder, tokenized securities are securities.

0:16.7

I don't know if I've shared this with you guys before, but my secret theory about Project Crypto is that it's not really about crypto per se, and that it's really about rethinking regulation more broadly.

0:37.3

Welcome to Decks in the City, where the wallets are cold and the takes are hot.

0:42.5

Jesse is out today, so first we have V from the SEC to Web 3.

0:47.8

Hey, everyone.

0:49.0

And I'm your host, Catherine, KK, fluent in Tradfai and Conversan and Deep Tech over at Starkware.

0:56.4

So today we have a very special guest, Alex Sos, G.C. of the very hot tokenization

1:04.6

OGs at Super State. And we are so excited to hear all about Alex. Before we get going, remember, we're lawyers,

1:13.3

but we're not your lawyers. So nothing you hear at decks in the city is legal or financial

1:17.8

advice. And it doesn't create an attorney-client relationship for the fine print. As always,

1:23.2

please take a look at unchainedcuretco.com. I'm going to tell you more about Alex, and we're going to get

1:28.3

to the meat of a very needy episode all about tokenization. If you want to hear more and learn more

1:35.8

about tokenization, we're hearing TradFi talk about it, we're hearing the world talk about moving

1:40.8

on cane with tokenization. Join us. But before we get started, a quick word from our sponsors that help make this show possible.

1:47.7

Mantel is launching the Global Hackapon, 2025, to accelerate the future of real-world assets.

1:54.4

With a $150,000 prize pool, backing from a $4 billion treasury, and direct access to buy bits 7 million plus users.

2:03.6

This is the ultimate...

2:04.6

AI is incredible. They can teach you how to fry an egg and even write a poem, pirate-style.

2:11.6

But it knows nothing about your work. Slackbot is different. It doesn't just know the facts. It

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