Wall Street is Bought in On Crypto’s Upside Potential, But Not Its Tech
Wall Street’s appetite for crypto is stronger than ever. BlackRock’s Bitcoin ETF has broken inflow records. Fidelity and VanEck have followed suit with new spot products. Even the Nasdaq has hinted at expanding its digital asset trading infrastructure. Yet, for all this momentum, almost none of it actually happens onchain.
Institutions now treat crypto as a legitimate asset class, but not as a place to operate. The bulk of trading, settlement, and market-making still takes place on private servers and traditional rails.
The reason is simple: blockchains, in their current form, don’t yet meet institutional performance standards. Until they can deliver predictable speed, reliable data access, and operational resilience on par with…
