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Tokenization is key to linking TradFi to the blockchain

TechCrunch LogoTechCrunch4 mo ago

Tokenization is key to linking TradFi to the blockchain - TechCrunch

Quick Summary:

As traditional financial institutions get into crypto, some market players think cross-chain interoperability and tokenization are key.

Historically, financial institutions haven’t connected well, O’Laughlen said.“We have our own islands and try to operate in the best way that we can, but there’s always fear and uncertainty if we connect … but there’s a lot of integration that needs to happen within banks.

As more and more traditional institutions begin to dabble in digital assets, some believe the best way for both old-school finance and decentralized finance (DeFi) to grow together is through a cross-chain world and tokenization.


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Article Details

Author / Journalist: Jacquelyn Melinek

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 18:00:11 (4 months ago)

News Timezone: GMT -5:00

Ranking: #60 (out of 3351 stories this day)

News Source URL: techcrunch.com

Language: English

Article Length: 174 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 44 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 624434

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