TradFi Will Move to 24/7/365 Crypto Rails: Bitwise
Bitwise CIO Matt Hougan now expects traditional finance to adopt 24/7 crypto rails much sooner after observing intense RWA trading on platforms like Hyperliquid over a weekend.Summary
Bitwise Chief Investment Officer Matt Hougan drastically reduced his timeline for the adoption of on-chain finance following significant trading activity in real-world assets (RWAs) like crude oil and tokenized gold on crypto platforms such as Hyperliquid during a weekend when traditional stock exchanges were closed. Hougan noted that Hyperliquid became the financial world's center for trading these assets during the US-Israel attack on Iran, processing over $11.5 billion in volume across Saturday and Sunday. This demonstrated the competitive advantage of blockchain's 24/7 trading rails over traditional T+1 settlement systems. He previously estimated the shift to on-chain trading would take five to 10 years but now believes it will happen much faster, compelling hedge funds and banks to adopt stablecoin wallets and crypto platforms to trade competitively. This trend aligns with initiatives like the NYSE's plan to build a 24/7 tokenization platform.
(Source：Cointelegraph)