24/7 instant settlement will be a reality for the stock market. Imagine the changes in liquidity and the velocity on markets once this upgrade takes place.
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00:00Blockchain is going to enable real-time settlement of the stock market.
00:04Most people don't even realize that this is a problem because you use an app that makes the scene real-time.
00:09eToro, Robinhood, Webull, and many more.
00:12But there's actually a whole day where the clearinghouse fronts that money to the broker
00:17and waits and hopes that they're going to get paid.
00:20We've seen this illustrated by GME and AMC, you know, a few years back when they halted though trading on those stocks
00:27and actually oversold all those stocks.
00:30At the time, because there's no accounting mechanism that sits across everyone.
00:34Well, when it all moves on chain, that won't be the case.
00:36They won't need to halt trading on stocks.
00:38And you'll know that you have actual ownership of the underlying stock certificate associated with that stock
00:45and everything will be able to trade real-time.