BNY Mellon CEO: Large institutions will bridge traditional finance and crypto

Robin Vince, CEO of BNY Mellon, said that large financial institutions will lead the next phase of cryptocurrency adoption by acting as a bridge between traditional finance and digital assets. According to CoinDesk, speaking at the Digital Asset Summit, Vince stated that the next stage of crypto adoption depends on these major institutions. He noted that banks are well-positioned to connect cryptocurrencies to the broader financial system and can serve as an effective bridge, highlighting tokenization as a key area. Vince also emphasized that trust and regulation will determine the speed of growth, adding that clear information and rules are necessary. He warned that if the market remains unregulated, 90% of the financial services industry will not want to get involved. He concluded that this will be a long journey, taking five, 10, or 15 years.