21Shares Co-Founder: Tokenization Hype Outpaces Wall Street’s Actual Readiness

CoinFeed, June 23 – According to CoinDesk, 21Shares co-founder Ophelia Snyder stated that while tokenization can solve real problems in settlement and asset mobility, the crypto industry and traditional finance are “talking past each other” on the topic of tokenization. The bigger challenge lies in integrating blockchain assets with the existing systems of banks, brokerages, and asset management firms, with current discussions often overlooking the operational steps between trade execution and full settlement. Although blockchain companies have made progress in transaction throughput, they have yet to meet the broader needs of financial institutions in areas such as bookkeeping, compliance processes, regulatory reporting, and risk management for 24/7 trading. Additionally, most institutions rely on third-party software vendors that have not yet adapted their systems for blockchain-native transactions. She believes the industry’s biggest bottleneck is scale, not functionality.