CEO of Bank of New York Mellon: Large banks will play a key role in the adoption of cryptocurrencies
According to CoinDesk, Robin Vince, CEO of BNY Mellon, stated that large financial institutions will play a key role in the next phase of crypto adoption, serving as a bridge between traditional finance and digital assets.
He pointed out that tokenization is one of the key areas, including the creation of digital tokens for money market funds and new classes of stocks. Vince emphasized that trust and regulation will determine the pace of industry growth, requiring clear rules. Vince mentioned that areas with current system inefficiencies, such as lending and real estate, may benefit first from tokenization.
He also noted that the divergence between the crypto industry and traditional banks regarding the handling of stablecoin yields continues. He believes this transformation will be a long-term process of 5 to 15 years, depending on the coordinated progress of technology, regulation, and market participation.
You may also like

Slow Down, That's the Answer to the Age of the Agent

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments

Who will own the most Bitcoin in 2026

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

Iran War Stalemate: What Signal Should the Market Follow?

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?

Insider Trading Alert! Will Trump Call a Truce by End of April?

After establishing itself as the top tokenized stock, does Ondo have any new highlights?

