Nadine Chakar, Head of State Street Digital and Global Markets, said that in the next year, she’d like to see regulatory “clarity and who’s going to regulate this sector”. She was speaking today during an online debate hosted by Funds Europe that highlighted blockchain’s potential to transform financial market infrastructure.
The high quality discussion highlighted a number of important issues in the blockchain and cryptocurrency sectors, including:
- blockchain and DeFi are not just niche investments. The technology represents the future of financial infrastructure
- some incumbents see themselves at a disadvantage because they have to be compliant, but crypto firms aren’t
- the transparency offered by blockchain could be harnessed to morph how financial companies are regulated
- incumbents such as State Street need to start with a clean sheet.
Blockchain and the future of finance
Lex Sokolin of blockchain firm ConsenSys tried to move…