The asset management giant's Robbie Mitchnic said clients are focused on bitcoin, ether and only a few other tokens, and aren't looking for broad exposure. Rather, they see opportunity for crypto in artificial intelligence.
Amy Oldenburg of Morgan Stanley says Wall Street’s crypto adoption stems from years of preparation, not FOMO, as the bank readies tokenized equity trading and upgrades legacy systems for a gradual but real integration.
Coinbase’s head of institutional, Brett Tejpaul, says institutional priorities in crypto are evolving, and investors are increasingly hunting for yield.
Until recently, crypto users mostly traded tokens or borrowed against them, often chasing high but unpredictable yields. But new tools are making it possible to lock in returns, even in a market known for big swings.