Why Crypto Layer 1 & Layer 2 Tokens Could Plummet Due to NYSE Tokenized Securities Initiative

The New York Stock Exchange (NYSE) is in the process of creating a round-the-clock trading platform that will facilitate on-chain settlements for tokenized securities. This initiative aims to integrate conventional financial products into blockchain technology. Nonetheless, there are concerns among some experts that this tokenized platform may hinder the advancement of Layer-1 and Layer-2 projects.