todayonchain.com

Tokenization won't disrupt banking rails but improve them, Wall Street executives say

CoinDesk
Wall Street leaders state that tokenization is evolving existing financial infrastructure to enable faster, 24/7 global transactions rather than replacing traditional banking systems.

Summary

Executives from Citigroup, JPMorgan, and DTCC confirm that tokenization is actively reshaping financial infrastructure by integrating blockchain into existing systems. Rather than disrupting traditional banking, these institutions are leveraging tokenized assets to address specific needs like collateral management and real-time cross-border payments. The shift focuses on continuous operations and improved liquidity, with experts emphasizing that while technology is transformative, traditional roles in risk management and compliance remain essential for market stability.

(Source:CoinDesk)