Former Vice Chairman of Nasdaq: Token and Blockchain Applications Will Replace Securities Depository Trust and Clearing Corporation

According to the Economic Reference News, David Weld, a former vice chairman of the NASDAQ exchange and chairman and CEO of Weld, said that the application of tokens and blockchain will replace the securities depository trust and Clearing companies, or securities depository trusts and clearing companies, see the situation clearly and actively embrace the blockchain. In the private market, companies will use the blockchain and smart contracts to achieve the transaction and settlement of tokens, and the transaction speed is faster and the cost is lower. If the economic regulation of tokens can be rationalized, the use of tokens and blockchain will increase rapidly.