Optimal execution, fair ordering, reducing counterparty risk — that's what institutions want, not private keys.

Wu said that a16z Crypto General Partner Guy pointed out in a post that although the financial industry appears highly digitized on the surface, its underlying infrastructure still operates on outdated architecture characterized by system fragmentation and heavy reliance on manual reconciliation and paper-based processes. Recently, Wall Street and even Washington have become enthusiastic about using the term "digital assets," which essentially signifies an ongoing digital transformation similar to the past shift of enterprises toward "cloud services." The article emphasizes that large financial institutions are gradually adopting blockchain technology, and their core driving force is not driven by crypto ideological pursuits such as "decentralization" or "financial sovereignty," but rather to address practical bottlenecks in multi-party trust and collaboration, thereby reducing counterparty risk, ensuring fair ordering, and achieving optimal execution.