The New York Stock Exchange (NYSE) has announced plans to introduce 24/7 tokenized trading of U.S. stocks and ETFs, featuring real-time settlement and stablecoin transactions, pending regulatory approval. This move, however, does not directly compete with perpetual futures decentralized exchanges (DEXs) like HIP-3, which cater to a different user base. While NYSE's tokenized trading offers regulated, equity-based investments with limited leverage, HIP-3 provides global traders with permissionless, highly leveraged, and composable trading options. The NYSE's initiative serves U.S. retail investors seeking compliance and traditional brokerage services, whereas HIP-3 appeals to users worldwide who require flexible, self-custodied trading solutions. The two platforms address distinct market needs, highlighting the diverse landscape of financial trading.