In accordance with Benzinga, traditional finance (TradFi) institutions are increasingly compelled to integrate digital assets to remain competitive. At the Benzinga Future of Digital Assets conference, experts highlighted the impact of evolving regulations, mergers, and acquisitions on crypto adoption. Olivier Dang from Laser Digital by Nomura emphasized that TradFi firms must enter the crypto space as regulations evolve. Corey Davis of BMO Capital Markets noted the cautious approach of financial institutions, describing it as a race to be a 'fast follower.' This hesitance has created opportunities for crypto-native companies, with larger firms potentially acquiring startups offering infrastructure solutions. Prashant Kher from Ernst & Young LLP mentioned that TradFi firms are considering acquisitions over partnerships. Elliot Chun of Architect Partners predicted a major acquisition by a global bank by mid-2025, which could spur further activity. The focus remains on infrastructure, with on-ramps, off-ramps, and compliance being key targets.
TradFi Firms Urged to Enter Crypto Amid M&A and Regulatory Changes
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