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Today in crypto, US banks expect a digitized finance system to start “slow, then fast,” Polymarket’s monthly trading volume fell 9% in April in its first monthly decline since August and Metaplanet posted a $728 million first-quarter loss amid Bitcoin’s decline.
Major US banks expect the transition to a digitized financial system is inevitable and would start “slow, then fast,” with tokenization increasing and extending to more market participants, assets and use cases, the credit rating agency Moody’s said in a a report on Tuesday.
“Across our conversations, industry leaders generally believed that broad asset tokenization will happen; the main uncertainties center around how quickly and in what sequence,” Moody’s said.
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