Deep Tide TechFlow News: On March 25, according to CoinDesk, Robin Vince, Chief Executive Officer of BNY Mellon, stated at the New York Digital Assets Summit that large financial institutions will lead the next phase of cryptocurrency adoption, and banks can play a bridge role between traditional finance and the digital asset ecosystem.
Vince highlighted tokenization as a priority direction, pointing out that BNY has created a new tokenized share class for money market funds, and believes that existing systemically inefficient areas such as lending and real estate will be the first to benefit from tokenization. He also emphasized that regulatory clarity and trust mechanisms are prerequisites for widespread institutional participation, stating that "unclear regulations will slow down the adoption process."
Deep Tide TechFlow News: On March 25, according to CoinDesk, Robin Vince, Chief Executive Officer of BNY Mellon, stated at the New York Digital Assets Summit that large financial institutions will lead the next phase of cryptocurrency adoption, and banks can play a bridge role between traditional finance and the digital asset ecosystem.
Vince highlighted tokenization as a priority direction, pointing out that BNY has created a new tokenized share class for money market funds, and believes that existing systemically inefficient areas such as lending and real estate will be the first to benefit from tokenization. He also emphasized that regulatory clarity and trust mechanisms are prerequisites for widespread institutional participation, stating that "unclear regulations will slow down the adoption process."