Crypto future of banks
The structure of the market is changing, and banks understand it better than anyone else.
Leading global banks Citigroup, BNY Mellon and Wells Fargo have joined the funding round for Talos, an American developer of cryptocurrency trading technology.
Banks are interested in creating their own ecosystem for the circulation of cryptocurrencies, and such investments underline that Wall Street is preparing the ground for further adoption of digital assets. The banking sector is looking for ways to make cryptocurrency trading safer for institutional investors and is preparing for traditional assets to go digital in the form of tokens that reside on the blockchain that is the backbone of cryptocurrencies.
This step not only opens up new opportunities for financial transactions, but also strengthens the security of their conduct.
Tokenization of traditional assets is the most secure way to trade and make transactions in the market. All information about transactions is stored in the public domain on the network and cannot be faked.