How Big Banks Are Quietly Preparing for a Crypto Takeover
Published: 2024-12-25
Status:
Available
|
Analyzed
Published: 2024-12-25
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Goldman Sachs plans to spin out its blockchain platform, GSAD, within 12 to 18 months.
"Goldman Sachs announced its intention to spin out GSAD within the next 12 to 18 months"
Pending
Banks will soon decide whether to fully embrace crypto products or stick to their less-used private blockchains.
"We're about to find out how they really feel about that are we going to see Banks flooding the market with crypto products and services or are they just going to keep shunning crypto in favor of Their Own Private permissioned blockchains that nobody uses"
Pending
SAB 121 is likely to be repealed in 2025 and replaced with rules making it commercially viable for banks to custody crypto.
"SAB 121 is now reportedly a top candidate for The Chopping Block in 2025 and if it is repealed it will most likely be replaced by rules that make it commercially viable for banks to custody crypto"
Pending
Following regulatory changes, banks will likely offer direct spot trading for crypto, similar to stocks and commodities.
"Banks could offer spot trading for crypto directly to retail and institutional clients as they already do for stocks and commodities"
Pending
Mass tokenization of real-world assets is considered an inevitability due to its significant potential benefits.
"We agree that the potential benefits of mass tokenization are so great that it's almost an inevitability"
Pending
BlackRock's tokenized money market fund has expanded to include Aptos, Arbitrum, Avalanche, Optimism, and Polygon.
"The Biddle fund is the largest onchain fund of its kind and was recently expanded to five more public chains Aptos arbitrum Avalanche optimism and polygon"
Pending
Interoperability between different blockchain systems (private/public, DAML/EVM) can be achieved through solutions like Hyperic Cactus, Polkadot, Chainlink, and custom oracles.
"Cross-chain communication can be accomplished by interoperability systems like hyperic Cactus and polad do or middleware Solutions like chain link and axel or custom oracles can facilitate communication between daml based systems and evm or other public chains"
Pending
Even a small convergence between big banks and crypto could lead to massive capital inflows for RWA-related cryptos and smart contract blockchains.
"This kind of convergence between big Banks and crypto would only need to happen on a small scale for RWA adjacent cryptos and the smart contract blockchains that they exist on to see massive inflows of capital"
Pending
Goldman Sachs plans to spin out its digital assets platform, GSDP, within the next 12 to 18 months.
"Goldman Sachs recently announced its intention to spin out GSDP within the next 12 to 18 months"
Pending
Goldman Sachs aims for its GSDP platform to be owned by a new entity, intending for it to become industry-owned infrastructure.
"Goldman says that the goal is for this platform to be owned by a new entity although how this will make dap industry owned remains to be seen"
Pending
SAB 121 is expected to be repealed in 2025 and replaced with rules that allow banks to custody crypto.
"SAB 121 is now reportedly a top candidate for The Chopping Block in 2025 and if it is repealed it will most likely be replaced by rules that make it commercially viable for banks to custody crypto"
Pending
There is a massive opportunity for asset tokenization as most of the world's assets are not yet on a blockchain.
"The pi is humongous because it consists of basically every single asset in the world that is not already on a blockchain"
Pending
Interoperability between private/permissioned blockchains (like DAML-based systems) and public/permissionless chains (like EVM) is achievable through various middleware and oracle solutions.
"cross-chain communication can be accomplished by interoperability systems like hyperic Cactus and polad do or middleware Solutions like chain link and axel or custom oracles can facilitate communication between damel based systems and evm or other public chains"
Pending
If banks can custody crypto, they will be able to offer spot trading services directly to retail and institutional clients, similar to stocks and commodities.
"Banks would no longer be confined to crypto derivatives which do not require custody of the underlying assets they could offer spot trading for crypto directly to retail and institutional clients as they already do for stocks and commodities"
Pending
Current Wall Street blockchains are not seeing significant adoption and appear to be used primarily for occasional transactions and issuances, rather than as transformative upgrades.
"If any of the current trafi blockchains have seen a lot of adoption then their controlling institutions are being very secretive about it most seem to be used only for occasional transactions and issuances making them look more like an experimental gimmick than a transformative system upgrade"
Pending
The DTCC is piloting a blockchain solution for the NYSE's infrastructure.
"the deposits trust and Clearing Corporation which is responsible for the nyc's infrastructure is already working on a blockchain pilot"
Pending
Mass tokenization of real-world assets is viewed as an inevitability due to its significant potential benefits.
"We agree that the potential benefits of mass tokenization are so great that it's almost an inevitability"
Pending
BlackRock's tokenized money market fund, originally on Ethereum, has expanded to five additional public blockchains: Aptos, Arbitrum, Avalanche, Optimism, and Polygon.
"the Biddle fund is the largest onchain fund of its kind and was recently expanded to five more public chains Aptos arbitrum Avalanche optimism and polygon"
Pending