New Form Capital Founder: Wall Street’s Blockchain Interest
As the founder and general partner of New Form Capital, a blockchain-focused VC firm, you have been noticing a significant shift in Wall Street’s attitude towards blockchain technology. Traditional institutions that previously ignored blockchain investments are now showing serious interest in the sector. This shift in sentiment can be attributed to various catalysts, including the approval of spot Bitcoin ETFs in the US earlier this year. Despite a rough year for the blockchain space in 2022, with market corrections and fraud incidents, recent developments have reignited interest and optimism among large financial asset firms.
Wall Street’s Appetite for Blockchain Technology
- The approval of spot Bitcoin ETFs in the US has been a significant catalyst for renewed interest in blockchain technology among large financial asset firms.
- Black Rock’s push for tokenization and the introduction of other tokenized assets have reentered the conversation around digital financial assets.
- Larry Fink’s plan to tokenize $10 trillion of their AUM on tokenized rails has sparked further interest and credibility in the space.
Wall Street is exploring various use cases and opportunities in the blockchain space, with a particular focus on tokenization and digital asset interoperability. Companies like Franklin Templeton and Stripe are enabling peer-to-peer transfers and crypto payments, signaling a growing trend of traditional financial institutions embracing blockchain technology.
Traditional Financial Institutions Embracing Blockchain
- Franklin Templeton enabling peer-to-peer transfers for tokenized money market funds on a public blockchain.
- Stripe reintroducing crypto payments, leveraging the scalability improvements in the space.
- Black Rock’s entry into the asset tokenization race with a new fund on the Ethereum network.
The recent developments from traditional financial institutions, such as Franklin Templeton and Stripe, indicate a significant shift towards blockchain integration in mainstream financial products and services.
Hot Take: The Future of Blockchain and Finance
As we witness a seismic shift in Wall Street’s interest in blockchain technology, the future of finance is likely to be heavily influenced by digital assets and tokenization. With major players like Black Rock and Franklin Templeton exploring blockchain solutions, we can expect to see continued growth and innovation in the intersection of traditional finance and blockchain technology.
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