21Shares co-founder warns tokenization hype is outrunning Wall Street reality

Former 21Shares co-founder Ophelia Snyder said tokenization can improve settlement rails and asset movement, but Wall Street’s financial infrastructure is not ready for institutional-scale adoption, according to CoinDesk. She said the bigger hurdle is integrating blockchain-based assets into banks’ and asset managers’ existing systems, including books and records, compliance workflows and regulatory reporting. Snyder added that scaling tokenized infrastructure to U.S. capital-markets volumes will require more oversight and controls, and expects tougher challenges as firms move beyond pilots over the next several years.