Major US Banks View Asset Tokenization as Growth Opportunity, Not Threat

·1 views

Leading global banks are looking at tokenization as a source of new trading opportunities on Wall Street. Institutions expect the technology to speed up payment processing. Financial advisers are also expected to play a role as tokenized assets gain traction. The shift reflects a view that digitizing assets will expand business rather than disrupt existing operations. The source report centers on large banks such as Goldman Sachs, Wells Fargo, and Morgan Stanley.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Citrini Predicts Tokenization Boom; Key Question Is Who Captures the Profits

Citrini, a influential research firm, argues that tokenizing real-world assets could give blockchains a defined place in finance. The firm's view suggests this trend may finally establish a clearer practical role for the technology. For investors, however, the central challenge is determining which companies, networks and protocols will actually capture the resulting revenue. The analysis shifts attention from the technology's potential to the more difficult question of economic beneficiaries.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Polygon Eyes Payments Sector Through Coinme Acquisition

Polygon is pursuing an acquisition of Coinme as a route into the payments industry, where Visa and Stripe currently hold dominant positions. CEO Marc Boiron says the deal would let Polygon directly manage customer relationships. He argues it would also allow the company to keep revenue that has historically flowed to payment intermediaries. The move reflects Polygon's broader push to extend its blockchain business beyond infrastructure into consumer-facing financial services.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Higher Bank Deposit Rates Could Slow Stablecoin Growth, BIS Paper Finds

A working paper from the Bank for International Settlements examined how stablecoins compete with bank deposits. It found that a one basis point increase in U.S. bank deposit rates was associated with slower stablecoin expansion. According to the findings, ten-week stablecoin growth would fall from 15% to 12% under that change. The results suggest that banks offering savers more competitive yields could dampen the pace at which stablecoins draw funds away from traditional accounts.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Claude Solves 25-Year NSA Number Mystery, Revealing Origin in Basic Software

A long-running puzzle about numbers the NSA provided in the 1990s has been resolved with the help of the Claude AI model. The figures had been suspected of concealing a backdoor in cryptographic work. The analysis showed they were generated by a fairly simple computer program instead. The article notes that Bitcoin was not among the systems involved, and that the quantum computing threat facing Bitcoin remains unaffected by this finding.

0 comments Read more at CoinDesk