21Shares Co-founder: Tokenization hype is ahead of Wall Street's actual readiness

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ME News, on June 23 (UTC+8), 21Shares co-founder Ophelia Snyder said that although tokenization can address real-world issues such as settlement efficiency and asset liquidity, there are still clear differences in how the crypto industry and traditional financial institutions understand tokenization. She noted that the bigger challenge today is how to integrate blockchain assets with the existing systems of banks, brokerage firms, and asset management companies, while market discussions often overlook the operational steps between trade execution and final settlement. Although the blockchain industry has made progress in transaction throughput, it still does not meet the needs of traditional financial institutions in areas such as ledger recording, compliance processes, regulatory reporting, and 24/7 trading risk management. Ophelia Snyder also said that most third-party software vendors relied on by financial institutions have not yet completed system adaptation for native blockchain transactions. She believes the biggest bottleneck the industry faces today is scaling applications, rather than the functionality itself. (Source: ODAILY)
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