Why TradFi Firms Have ‘No Choice’ But To Enter Crypto As M&A, Regulations Drive Change
Traditional finance (TradFi) institutions increasingly have limited options: adapt to digital assets or risk falling behind. At the recent Benzinga Future of Digital Assets conference, panelists discussed the forces pushing crypto integration into mainstream markets, including evolving regulations, mergers and acquisitions and demand for infrastructure.
“TradFi… they have no choice. They have to come into crypto, that’s not optional anymore,” said Olivier Dang, head of ventures at Laser Digital by Nomura. According to Dang, financial institutions actively hold discussions at the board level, positioning themselves to enter the crypto market as regulations take shape.
Caution Among Institutions
Despite growing pressure, many financial firms remain hesitant to take the lead. Corey Davis, managing director at BMO Capital Markets, described the situation as a race to be a “fast follower.” “There’s a saying that financial institutions are in a race to be first to be second. They don’t want to be the first to jump in and …
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