Wall Street is building tokenized money for institutions, not retail
- —Banks and asset managers are targeting tokenized deposits at institutions
- —Retail crypto products remain without clear regulatory frameworks in several jurisdictions
- —Institutional clients already have compliance and custody infrastructure
- —Tokenized money speeds up settlement and reduces the number of intermediaries
Why it matters: Institutional tokenization strengthens blockchain's legitimacy but is unlikely to have a direct impact on the retail crypto market anytime soon.
Source: Bitcoin Insider