Wall Street · Tokenization · CoinDesk
21Shares co-founder cautions tokenization hype is outrunning Wall Street reality
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What she's saying: Former 21Shares co-founder Ophelia Snyder argues that crypto and traditional finance are talking past each other when it comes to tokenization.
Key facts
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- What she's saying: Former 21Shares co-founder Ophelia Snyder argues that crypto and traditional finance are talking past each other when it comes to tokenization
- The gap: Snyder said blockchain firms have largely addressed transaction throughput but not the broader operational requirements of financial institutions
- Snyder believes the industry's biggest challenge is scale, not functionality
Summary
Tokenization solves real problems around settlement rails and moving assets, Snyder said. The larger challenge is integrating blockchain-based assets with the systems banks, brokerages and asset managers already use. Existing discussions often overlook the operational processes that occur after a trade is executed and before assets are fully settled. The gap: Snyder said blockchain firms have largely addressed transaction throughput but not the broader operational requirements of financial institutions.