Moody's: Bank of America expects digital financial transformation to be "slow at first, then fast."

CoinFeed reported on May 14th, citing Cointelegraph, that Moody's, after discussions with major US banks and financial market intermediaries, released a report stating that most institutions believe the digital financial transformation will follow a "slow at first, fast later" pattern, with tokenization gradually expanding and benefiting more market participants, assets, and application scenarios. Moody's noted that current tokenization activity is mainly concentrated in cryptocurrency trading, cross-border retail payments, and some institutional use cases, but almost all major banks have established digital asset teams or innovation departments, actively participating in industry pilots.