Why Wall Street giants build tokenization money for institutions, not regular consumers

Why Wall Street giants build tokenization money for institutions, not regular consumers

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

JPMorgan moves more than $3 trillion through its Kinexys blockchain platform, and Citi Token Services processes billions in cross-border payments daily.

Both are great examples of Wall Street giants modernizing their legacy systems and adopting blockchain for cross-border payments; however, neither of them is for the regular person with a savings account.

“Most of the coins that have been minted and are being used for money transfer are all internal projects,” said Mintoo Bhandari, founder of Monument Bank, a U.K.

challenger bank with a roughly $2.4 billion balance sheet.

“Is that really moving the needle for the whole bank and for the consumer?

Not yet.” That is the central divide in the tokenized-money debate.

Banks are putting tokenized deposits and payments on blockchain infrastructure, but most projects remain restricted to institutional customers or permissioned networks.

Monument and privacy-focused blockchain Midnight are betting that regulated, interest-bearing bank deposits can eventually give retail clients access to tokenized investments and lending without requiring them to understand crypto.

“99% of the banks in the world are like, ‘Yeah, we’re really digital, we have an app!’,” Bhandari said.

Analiz: Piyasa hareketliliği devam ediyor.