PANews|Mar 25, 2026 00:23
[Bank of New York Mellon CEO: Major Banks Will Play a Key Role in Cryptocurrency Adoption]
According to CoinDesk, Bank of New York Mellon CEO Robin Vince stated that major financial institutions will play a critical role in the next phase of cryptocurrency adoption, serving as a bridge between traditional finance and digital assets. He pointed out that tokenization is one of the key areas, including the creation of digital tokens for money market funds and new stock categories. Vince emphasized that trust and regulation will determine the pace of industry growth, requiring clear rules.
Vince noted that areas with inefficiencies in the current system, such as lending and real estate, may be the first to benefit from tokenization. He also highlighted that differences persist between the crypto industry and traditional banks regarding how stablecoin yields are handled. He believes this transformation will be a long-term process spanning 5 to 15 years, depending on the coordinated progress of technology, regulation, and market participation.
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