BNY Mellon CEO: “Major financial institutions will serve as a bridge for crypto adoption”
Summary
- Robin Vince said that “the next stage of digital asset adoption depends on major financial institutions.”
- He said banks can serve as an effective bridge connecting digital assets, the existing financial system, and tokenization.
- He added that the pace of market growth depends on trust and regulation, and that digital asset adoption is a long-term process spanning 5 years, 10 years, and 15 years.
Forecast Trend Report by Period
A forecast has emerged that major financial institutions will take on a key role in connecting traditional finance with digital assets (cryptocurrencies).
According to crypto-focused media outlet CoinDesk on the 24th (local time), Robin Vince, CEO of Bank of New York Mellon (BNY Mellon), said at the Digital Asset Summit that “the next stage of digital asset adoption depends on major financial institutions.”
He explained that “banks are well positioned to connect digital assets to the existing financial system and can serve as an effective bridge,” pointing to tokenization as a core area.
He also stressed that “the pace of market growth depends on trust and regulation,” adding that “without clear rules, most of the financial services industry will be reluctant to participate.”
He added that “digital asset adoption will be a long-term process unfolding over 5, 10 and 15 years.”
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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