Big Banks on Blockchain

04.01.23 05:53 PM

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Blockchain in Tokenization in Financial Services

Wall Street’s biggest banks have largely avoided investing directly in cryptocurrencies. But many are quietly working to integrate blockchain, the technology behind crypto, into trading and other businesses.


The blockchain, sometimes called distributed ledger technology, is the plumbing that keeps crypto markets running. It is basically a software program that uses an open record-keeping system—a central ledger—to track assets and record transactions and information about ownership of those assets. Every participant operates off the same central ledger.

Blockchain-driven systems on Wall Street would be different in some respects from the systems behind bitcoin and other cryptocurrencies. They would be permissioned networks, meaning a central party—such as a bank or a consortium of banks—would decide who is allowed on.  Article Here

mehrzad mahdavi