“Blockchain, Not Crypto” Is Back

Wall Street keeps saying it’s “adopting crypto.”

Crypto markets keep shrugging.

In this extended clip from Token Narratives, we break down the New York Stock Exchange’s move to go on-chain, the rise of tokenized stocks, and why institutional adoption often looks nothing like what crypto users actually want.

This conversation explores:
-What “blockchain, not crypto” really means
-The NYSE’s on-chain ambitions
-Permissioned chains vs open crypto networks
-Why tokenized stocks don’t pump crypto
-The growing disconnect between TradFi adoption and crypto sentiment

A grounded discussion on why headlines about adoption don’t always translate into value — and what that says about the future of crypto.

🎙️ Graham Stone x David Sencil
📺 Token Narratives episode 88