21Shares co-founder Ophelia Snyder stated that tokenization can indeed improve settlement and asset circulation, but the crypto industry and traditional finance still have a disconnect in their understanding of it. The real challenge is not on-chain transaction throughput, but how to connect with existing bank, broker, and asset management firm ledgers, compliance processes, regulatory reporting, and risk control systems. Snyder believes that many tokenization projects are feasible on a small scale, but are still far from supporting the capital flows of the U.S. capital markets. If tokenized assets achieve 24/7 trading, financial institutions will need to redesign their risk management frameworks. (CoinDesk)