State Street says institutions want improved blockchain security in wake of recent DeFi attacks
CoinDesk
State Street and industry experts emphasize the need for enhanced blockchain security and legal clarity to support institutional adoption of tokenized assets.Summary
State Street’s head of digital assets, Angus Fletcher, argues that the cryptocurrency industry must address security and interoperability concerns to facilitate the future tokenization of real-world assets. Highlighting recent massive exploits in DeFi protocols like Drift and KelpDAO, Fletcher stresses that institutions require robust guardrails and clearly defined legal rights for cross-chain transactions. Industry peers, including Morpho’s Dennis Bree, echo these concerns, noting that investors are increasingly prioritizing security diligence and accounting transparency before committing large-scale capital to blockchain-based financial systems.
(Source：CoinDesk)