Blockchain Takes Center Stage as Wall Street Institutions Build Core Infrastructure

Wall Street is embracing blockchain technology as a core part of its infrastructure. Financial institutions such as Citi, Mastercard, Visa, and major US banks are rolling out blockchain projects for on-chain payments, asset tokenization, transaction settlement, and more.

According to Denelle Dixon, CEO and executive director of the Stellar Development Foundation, 'blockchain's utility for finance is to be the rail that institutional-grade markets can depend on.'

The Depository Trust & Clearing Corp. has announced a tokenization service with over 50 financial firms, set to launch in July.