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Columbia Professor Warns of Risks as Traditional Financial Giants Embrace Blockchain

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Columbia Business School professor Omid Malekan has warned about the risks as major financial firms adopt blockchain technology. While DTCC, Visa, SWIFT, Stripe, and PayPal push blockchain initiatives, Malekan says they ignore how tokenization and stablecoins could threaten their core models. He points out that these institutions may weaken the open nature of blockchain through controlled systems and regulatory influence. The professor stresses that the technology’s disruptive potential is being overlooked by legacy players.
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