According to ME News, on June 23 (UTC+8), Ophelia Snyder, co-founder of 21Shares, stated that although tokenization can address practical issues such as settlement efficiency and asset liquidity, significant knowledge gaps remain between the crypto industry and traditional financial institutions on the topic of tokenization. She noted that the greater challenge today lies in integrating blockchain-based assets with existing systems used by banks, broker-dealers, and asset managers—a critical operational gap between trade execution and final settlement that is often overlooked in market discussions. While the blockchain industry has made progress in transaction throughput, it has yet to meet traditional financial institutions’ requirements in areas such as ledger recording, compliance processes, regulatory reporting, and 24/7 trading risk management. Ophelia Snyder also added that most third-party software providers relied upon by financial institutions have not yet adapted their systems to support native blockchain transactions. She believes the industry’s primary bottleneck today is scaling adoption, rather than functionality itself. (Source: ODAILY)
21Shares Co-Founder: Tokenization Hype Outpaces Wall Street Readiness
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Summary
On June 23, 21Shares co-founder Ophelia Snyder said that the hype around tokenization is outpacing Wall Street’s readiness. While the technology has the potential to enhance liquidity and crypto markets, she highlighted significant gaps in how the crypto industry and traditional finance perceive the issue. Integrating blockchain assets into existing systems remains a challenge, as operational steps between trade and settlement are often overlooked. Banks and asset managers depend on third-party software that has not yet adapted to blockchain, creating a scalability bottleneck. Snyder also connected this challenge to CFT requirements, which must be addressed as blockchain systems evolve to meet compliance and regulatory demands.
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