Why Franklin Templeton Thinks Wall Street Is Underestimating Crypto’s Impact
Why Franklin Templeton Thinks Wall Street Is Underestimating Crypto’s Impact
Some of Wall Street's largest companies are already beginning to make that argument for him.
Robinhood Markets has pushed aggressively into tokenized stocks and around-the-clock trading, part of a broader bet that investors increasingly expect markets to operate more like the internet — continuously rather than according to bankers' hours.
Coinbase is making a similar bet from the other direction, trying to expand beyond simply buying and selling crypto and toward a financial system where traditional assets can increasingly interact with blockchain infrastructure.
Even BlackRock, the world's largest asset manager, has emerged as one of the biggest institutional proponents of tokenization, pushing deeper into tokenized funds and blockchain-based financial infrastructure.
In other words, some of the world's largest financial firms are beginning to import one of crypto's most basic features: markets that simply do not close.
As that continues to happen with more and more assets moving onto blockchains, Franklin Templeton's Head of Digital Assets and Innovation Sandy Kaul previously predicted the overall market could grow by a factor of 10 as that process plays out.
This article has been published in coinage.media via Yahoo News.
Why Franklin Templeton Thinks Wall Street Is Underestimating Crypto’s Impact
Franklin Templeton’s Chris Perkins says Wall Street is underestimating crypto’s impact as tokenization reshapes markets
finance.yahoo.com
