Wall Street Put $350 Billion on Blockchain; Most of It Is Doing Nothing

Wall Street Put $350 Billion on Blockchain; Most of It Is Doing Nothing

Over the past three years, the largest names in finance have begun "tokenizing" the assets they manage.

Onchain finance is coming to Wall Street—and ignoring it is no longer an option

For almost a decade, the crypto industry has promised to reinvent global finance and bring millions “onchain.” Despite generating some truly innovative products, the industry has yet to attain those lofty goals. But now something different has arrived: A new category of onchain products built to compete with traditional finance on its own terms. This new development has been reflected in public discussions: Financial regulators recently have beg…

Onchain finance challenges Wall Street as tokenized assets cross $17B

Onchain finance's rise could redefine financial markets by enhancing efficiency and compliance, but it also introduces new legal and technical challenges.