🔒 Why are major banks still hesitant to move assets on-chain despite a trillion-dollar opportunity?

According to Ronghui Gu, CEO of , security remains one of the biggest obstacles preventing traditional financial institutions from embracing blockchain-based assets at scale.

Gu said April was the worst month for DeFi security in four years, with only three days passing without a reported attack. The surge in exploits has been fueled in part by AI-powered tools, with attackers commonly targeting smart contract vulnerabilities, oracles, and cross-chain bridges.

Data from shows that DeFi-related hacks have caused more than $1.1 billion in losses over the past year.

Gu described the situation as an “unfair game.” Hackers can spend just $10,000–$20,000 to continuously scan protocols for vulnerabilities over weeks or months, while security firms operate within fixed budgets and audit timelines.

CertiK currently serves around 5,000 clients. Every security audit must be completed within agreed cost and time constraints, whereas attackers can run automated systems 24/7 in search of even the smallest flaw in a protocol’s code.

The imbalance highlights why, despite the enormous potential of tokenized assets and blockchain adoption, many major financial institutions remain cautious about moving significant amounts of capital on-chain.
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