【CoinWorld】The recent moves by the global asset service giant are quite interesting. This financial institution, managing $51.7 trillion in assets, is making a major push into the digital asset space, planning to launch a comprehensive tokenization product suite—from tokenized money market funds to exchange-traded funds, as well as tokenized deposits and stablecoins and other cash products.
Joerg Ambrosius, President of Investment Services, emphasized in a recent statement that launching the digital asset platform is a “key step” in the company’s strategic layout. Actually, this isn’t sudden. Looking back, they only partnered with Galaxy Digital in December last year to launch a tokenized fund project, and have previously been providing management and accounting support services for crypto ETFs.
The current question is whether they can secure a custody license next. The company’s official stance is that they will adapt their strategy flexibly based on the evolving regulatory environment. This means that as soon as policy conditions are in place, this traditional financial giant could soon officially enter the digital asset custody business, opening up a new revenue stream.
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QuorumVoter
· 01-15 16:30
51.7 trillion... Are they planning to move the entire traditional finance system onto the blockchain?
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ZkProofPudding
· 01-15 16:27
Large funds can no longer stay put, and now the boundary between traditional finance and crypto is about to be completely broken down.
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GasFeeVictim
· 01-15 16:20
Really, the traditional giants' move is quite aggressive. They are pouring in 51.7 trillion into tokenization. If this succeeds, who would still dare to say that on-chain assets are just toys?
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ForeverBuyingDips
· 01-15 16:17
$51.7 trillion is about to enter the crypto world, they really see us as a bunch of vegetables...
Custody licenses are the core; let's see if they can get it done.
Traditional finance can finally no longer sit still; the bottom-fishing army is coming.
This wave of tokenization will take off as soon as policies are approved.
The stablecoin matrix is laid out, and the next step is to capture market share.
Galaxy Digital's collaboration marks the beginning of the big fish eating the small fish story.
It's quite promising; genuine institutional capital is entering the scene.
Once clear regulatory signals are received, this will be the start of a major market movement.
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ShibaMillionairen't
· 01-15 16:13
Big Shark is finally going into the game, and this time it's really different
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BlockchainDecoder
· 01-15 16:11
According to research, the total volume of 51.7 trillion is essentially about gambling on regulatory expectations.
From a technical architecture perspective, the core pain point of the tokenized product matrix lies in custody licenses—without this, institutional funds cannot flow in.
It is worth noting that their partnership with Galaxy Digital in December last year was just a test; now is the real push, and this pace is quite interesting.
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NewPumpamentals
· 01-15 16:03
Traditional finance is starting to get involved, with a $51.7 trillion market playing with tokenization product matrices. Things are about to get interesting.
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A custody license is the key, otherwise it's just talk.
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Real sharks are quietly accumulating chips; only now do they start to shout.
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If they manage to secure custody this time, the entire market landscape will change. Mainstream finance probably has no way back.
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Galaxy Digital's previous cooperation was just a test; now they're really opening up.
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Talking about flexible adjustments, but essentially waiting for policy green lights—an old fox's approach of patience and restraint.
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$51.7 trillion coming in to stir the pot—are retail investors ready to be harvested?
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Stablecoins and money market funds are here. They are bringing traditional financial products fully on-chain; I really respect this logic.
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Places with friendly policies have long started, it's just a matter of time.
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It's another press release; it will take a long time before real products land.
Traditional financial giant with $51.7 trillion in assets launches digital asset platform; tokenization product suite to go live
【CoinWorld】The recent moves by the global asset service giant are quite interesting. This financial institution, managing $51.7 trillion in assets, is making a major push into the digital asset space, planning to launch a comprehensive tokenization product suite—from tokenized money market funds to exchange-traded funds, as well as tokenized deposits and stablecoins and other cash products.
Joerg Ambrosius, President of Investment Services, emphasized in a recent statement that launching the digital asset platform is a “key step” in the company’s strategic layout. Actually, this isn’t sudden. Looking back, they only partnered with Galaxy Digital in December last year to launch a tokenized fund project, and have previously been providing management and accounting support services for crypto ETFs.
The current question is whether they can secure a custody license next. The company’s official stance is that they will adapt their strategy flexibly based on the evolving regulatory environment. This means that as soon as policy conditions are in place, this traditional financial giant could soon officially enter the digital asset custody business, opening up a new revenue stream.