[Moody's: U.S. Banks Expect Digital Financial Transformation to Be 'Slow First, Then Fast'] According to Cointelegraph, Moody's Ratings released a report after communicating with major U.S. banks and financial market intermediaries, stating that most institutions believe the digital financial transformation will follow a 'slow first, then fast' trajectory. The scale of tokenization is expected to gradually expand, benefiting more market participants, assets, and application scenarios. Moody's noted that current tokenization activities are primarily focused on cryptocurrency trading, cross-border retail payments, and certain institutional use cases. However, almost all major banks have established digital asset teams or innovation departments and are actively participating in industry pilots.