$8.3B real world assets now on-chain: Can tokenization make banks top crypto custodians?
$8.3B real world assets now on-chain: Can tokenization make banks top crypto custodians?
Wall Street is actively transforming its approach to digital assets, leveraging tokenization and custody solutions to integrate real-world assets onto blockchain infrastructure. This strategic shift aims to bring traditional financial services like fund administration, cash management, and settlement onto blockchain rails, positioning banks as potential leading crypto custodians and marking an infrastructure shift from a previously defensive stance.
Wall Street’s biggest balance sheets are quietly rebuilding the crypto stack under the banner of tokenization and custody. What began as a defensive stance toward digital assets is turning into an infrastructure shift: bringing fund administration, cash management, and settlement onto blockchain rails that look more like BNY Mellon’s LiquidityDirect platform than a typical crypto.