Cryptocurrency
Security tokens, blockchain settlement draw interest from institutions: MIT Bitcoin Expo panel
As reported on The Block, “Amid growing competition between providers, institutions in the traditional finance space are looking at blockchain as another way to offer value to their clients – but it might not be their top priority, according to experts who appeared at the MIT Bitcoin Expo this weekend. “‘If you remove yourself from […]
As reported on The Block, “Amid growing competition between providers, institutions in the traditional finance space are looking at blockchain as another way to offer value to their clients – but it might not be their top priority, according to experts who appeared at the MIT Bitcoin Expo this weekend.
“‘If you remove yourself from the crypto space, there are tons of events happening in finance,’ said Ada Kokoshi, vice president and digital asset lead at State Street. ‘For example, the stock market last week just didn’t behave well. And with things like 401(k) plans, exchange-trusted funds (ETF), and mutual funds, there are tons of competition between providers which are driving the fees down.’
“As a result, she said, even though financial service providers have the desire to understand emerging technologies like blockchain, their top priority remains to provide value to their customers.
“‘Crypto might be one way to do that,’ she said…”