NYSE to Tokenize Stocks for 24/7 Trading

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Jan 26, 2026

Jess Houlgrave, CEO of WalletConnect — builder of crypto payments and wallet tooling. She discusses WalletConnect Pay and its Ingenico integration. Conversations cover stablecoin checkout, merchant settlement choices, QR vs NFC tradeoffs, privacy for on-chain payments, and tokenized markets moving toward 24/7 trading and instant settlement.

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INSIGHT

Crypto Infrastructure Is Infiltrating Institutions

Institutional adoption often means crypto infrastructure infiltrating banks rather than banks fully adopting crypto culture.
Privacy, speed, and regulatory-compliant features must be solved before large-scale institutional use.

INSIGHT

Tokenized Securities Exist On A Spectrum

Tokenized securities sit on a spectrum from direct issuance to derivative exposure, with tradeoffs in ownership and flexibility.
NYSE aims to support multiple models including backward compatibility with existing custodial systems.

ADVICE

Design For A Spectrum Of Tokenized Money

Expect stablecoins and tokenized deposits to coexist as different types of on-chain money for different use cases.
Design products to support a spectrum of custody and deposit models rather than a single approach.

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On Ep. 67 of Tokenized, Simon Taylor, GTM @ Tempo and Cuy Sheffield, Head of Crypto @ Visa, are joined by Jess Houlgrave, CEO @ WalletConnect to discuss institutional adoption of crypto infrastructure by traditional capital markets, differences in approaches to tokenized securities and more!

Timestamps:

00:00 Introduction
2:45 Institutional adoption of crypto infrastructure by traditional capital markets
5:31 Differences in approaches to tokenized securities by DTCC, NYSE, and NASDAQ
8:23 Stablecoins and tokenized deposits for equity trades
10:24 WalletConnect Pay: stablecoin checkout solution with Ingenico POS terminals
14:54 Use cases for stablecoin payments: digital nomads, high inflation regions, luxury goods
18:25 QR vs NFC: Form factor challenges for stablecoin payments at checkout
21:28 Privacy solutions for on-chain payments and merchant revenue visibility
28:11 Gusto and Zero Hash partnership for stablecoin payroll to global contractors
32:14 Challenges and economics of stablecoin payroll vs. traditional contractor payments

Tokenized is sponsored by Visa

A world leader in digital payments, Visa is bridging the gap between traditional financial institutions and innovative blockchain networks, helping players in the payments ecosystem navigate the ever-evolving world of tokenized fiat currencies with confidence and ease. Learn more at visa.com/crypto.

Tokenized is presented by Bridge, a Stripe company.

Just like the internet made information global, stablecoins are making money global. And Bridge, a Stripe company, is the infrastructure powering that shift. Built for speed, scale, and simplicity, Bridge helps businesses send, store, convert, and spend stablecoins instantly, all without borders or having to navigate the complexities of crypto. Learn more at bridge.xyz

Tokenized is also presented by Fireblocks

With over $100 billion in monthly stablecoin volume, Fireblocks powers stablecoin strategies at scale with infrastructure that enables PSPs, fintechs, remitters and banks to issue, move, hold, and manage stablecoins. And it’s all done securely, at scale, and with built-in compliance. Learn more at fireblocks.com

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We’d also like to remind you that the views or opinions of our contributors today are their own and do not necessarily reflect those of the companies they are representing. Nothing we say should be taken as tax, financial, investment or legal advice, do your own research!

Music by Henry McLean