According to DL news, Abigail Johnson, CEO of Fidelity Investments, bluntly stated that the traditional financial system is a complex network of reconciliation processes built on "raw technology", which is really scary. She pointed out that while blockchain will eventually replace the existing system, the transition will not be smooth, and it will take competitive pressure and regulatory standards to move the industry forward.
Fidelity has been betting on blockchain since 2013, and its bitcoin ETF is second only to BlackRock at $20 billion. Johnson admits to underestimating the time it will take to transition, but believes competition and regulation will force traditional Financial Institution Groups to eventually adopt the new technology.
Fidelity CEO: Wall Street will be "forced" to embrace blockchain technology
2025-12-08 02:46:52
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
富达 CEO：华尔街将“被迫”接受区块链技术Next article：
ASTER宣布加速阶段4回购执行，日均回购规模提升至约400万美元
