Celisa Morin, the head of legal at Reed Smith and a former executive at Grayscale, says traditional financial institutions will likely follow BlackRock’s lead in using public blockchains.
Traditional financial institutions are more keen on tokenizing assets on public blockchains than ever before, says a former Grayscale executive.
Speaking with Cointelegraph, Celisa Morin, who served as Vice President of Platform Distribution at Grayscale until mid-2023, said that a new BlackRock-led narrative among TradFi institutions could see more firms look to tokenize assets on public chains over private ones.
Morin is now the head of international law firm Reed Smith’s crypto department, explaining it would make sense for larger traditional financial institutions to follow the lead of BlackRock — which launched its $100 million tokenized ‘BUIDL’ fund on the Ethereum network on March 18.
