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

Executives from Citigroup, JPMorgan and DTCC said at Consensus that genuine client demand is driving real-world use of tokenized assets. What to know : Major Wall Street institutions, including Citigroup, JPMorgan and DTCC, say blockchain-based tokenization is quietly moving into production, handling real volumes for real clients rather than remaining a pilot technology. Banks are integrating blockchain rails into existing market infrastructure to enable 24/7, real-time movement of money and securities, reshaping corporate treasury, collateral management and cross-border payments. Executives stress that tokenization will evolve the financial system rather than replace it outright, preserving key intermediaries even as traditional finance and decentralized systems steadily converge.(Coindesk)