Investors at the New York Stock Exchange trade upwards of a billion shares in a single day, but many of those trades take days to settle. Big banks like JPMorgan and Citi think they have a solution, and they need to borrow a tool from crypto to make it happen—blockchain. Citi thinks tokenizing assets on the blockchain could be a $5 trillion dollar industry by 2030. But tight regulation of markets, and a crackdown on crypto from the SEC could slow adoption.
Chapters:
00:00 — Introduction
01:36 — Chapter 1
03:28 — Chapter 2
05:19 — Chapter 3
07:35 — Chapter 4
Produced by: Jordan Smith
Hosted by: Tanaya Macheel
Supervising Producer: Jeff Morganteen
Graphics: Christina Locopo, Andrea Schmitz, Alex Wood
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How Big Banks Like JPMorgan And Citi Want To Put Wall Street On A Blockchain