Institutional Adoption of Crypto Long & Short: Banks Must Embrace Change

Wednesday, 28 August 2024, 16:35

Crypto long & short strategies are essential as institutional adoption becomes unavoidable for banks. Banks need to explore tokenization and blockchain-powered settlement to stay relevant. Sygnum Bank's Lucas Schweiger emphasizes the urgency of this shift.
CoinDesk
Institutional Adoption of Crypto Long & Short: Banks Must Embrace Change

Institutional Adoption: A New Era for Banks

As crypto long & short strategies gain traction, institutional adoption is not a question of if, but when. Traditional banks are at a crossroads, where mere engagement with the crypto sector falls short. To stay competitive, they must actively experiment with tokenization and blockchain-powered settlement.

The Necessity of Tokenization and Settlement

Sygnum Bank's Lucas Schweiger argues that banks that fail to innovate risk losing their footing in an increasingly digital landscape. The convergence of DeFi and CeFi creates opportunities for banks to redefine their service lines and innovate their offerings.

  • Exploring the benefits of tokenization
  • Understanding the implications of settlement processes
  • Assessing the impact of crypto long & short strategies

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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