A growing number of TradFi firms may look to follow BlackRock’s lead and opt for tokenizing real-world assets on public blockchains in place of gated, private networks.
Celisa Morin, the head of legal at Reed Smith and a former executive at Grayscale, says traditional financial institutions will likely follow BlackRock’s lead in using public blockchains.
Speaking with Cointelegraph, Celisa Morin, who served as Vice President of Platform Distribution at Grayscale until mid-2023, said that a new BlackRock-led narrative among TradFi institutions could see more firms look to tokenize assets on public chains over private ones. Morin is now the head of international law firm Reed Smith’s crypto department, explaining it would make sense for larger traditional financial institutions to follow the lead of BlackRock — whichTop tokenized funds of government securities. Source: Dune Analytics
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tokenization and Stablecoins Continue to Be TradFi's Top Interest in Crypto: ExpertWill Peck, Head of Digital Assets at WisdomTree, answers five questions from CoinDesk, including his crypto genesis story, features of the WisdomTree Prime Visa debit card and what traditional finance is looking for in crypto.
Read more »
Will Bitcoin Slump go as low as to retest TradFi whales’ entry at $54,600 before halving?Bitcoin (BTC) price remains within a bullish technical formation, but its upside potential is not that certain, at least for the short term, as the next buyer congestion level is much lower.
Read more »
BlackRock’s New Tokenized Fund Brings TradFi, Crypto Closer: BernsteinWill Canny is CoinDesk's finance reporter.
Read more »
Hopes for Another DeFi Summer Soar as TradFi Markets Suddenly Look Less AppealingIan Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
Read more »
Bitcoin holds above $70K as old whales sell BTC to TradFi, not retailBitcoin (BTC) price has investors at the edge of their seats as it see-saws between the $68,000 and $71,000 range.
Read more »
WUSD Is Unlocking the Potential of Stablecoins for Mainstream AdoptionCan stablecoins truly bridge the gap between TradFi and DeFi? The global digital payment platform WSPN is confident its USD-pegged stablecoin “WUSD” is poised to do just that.
Read more »