A CRYPTO COMPANY COULD OVERTAKE WALL STREETS BIGGEST BANKS, SAYS BLOCKCHAIN VC

The financial landscape is undergoing a seismic shift, and the tremors are being felt on Wall Street.The rise of blockchain technology and cryptocurrencies is no longer a fringe phenomenon; it's a burgeoning force that threatens to disrupt the established order.According to Spencer Bogart, a partner at Blockchain Capital, major players in the crypto space are positioning themselves to potentially overtake even the most formidable Wall Street banks. NU, COIN, and CORZ Lead the 6 Biggest Blockchain Companies List Jasmin Merdan / Getty Images While Bitcoin and Ethereum dominate headlines, it's the companies building the crypto infrastructureThis isn't just speculation; it's a call to action for traditional financial institutions to embrace the digital revolution or risk being left behind. Existe un riesgo real de que algunas de esas empresas puedan superar algunos de los bancos m s grandes de Wall Street si no entran en el mercado . Como Goldman Sachs actualmente solo trabajar con productos derivados, Bogart se al que el siguiente problema a resolver ser la custodia, en el caso de que Goldman Sachs agregue el comercioGoldman Sachs' recent announcement to open a Bitcoin (BTC) trading desk, spurred by overwhelming client demand, signals a growing acceptance of crypto within the traditional financial system. LCAI is currently priced at just $0.003 and is catching attention for its groundbreaking integration of blockchain and artificial intelligence, a combination poised to disrupt the industry. With Wall Street analysts predicting potential gains of 12,000% by 2025, this emerging token is positioning itself as a major player in the market.But is it enough?While banks like JPMorgan, HSBC, and BlackRock are already exploring blockchain applications, the crucial element for large-scale adoption hinges on clearer regulations and industry-wide collaboration. Wall Street s biggest banks have largely avoided investing directly in cryptocurrencies. But many are quietly working to integrate blockchain, the technology behind crypto, into trading and other businesses.Will legacy banks adapt quickly enough, or will innovative crypto firms seize the opportunity to reshape the future of finance? A partner at Blockchain Capital told CNBC that other banks will follow Goldman Sachs example of a opening a crypto trading desk, so as not to fall behind. Please note, this is a STATIC archive of website cointelegraph.com from, cach3.com does not collect or store any user information, there is no phishing involved.This article explores this potential paradigm shift, examining the challenges and opportunities that lie ahead as crypto seeks to challenge the dominance of Wall Street.

The Inevitable Collision: Crypto vs. Earlier today, Fed Chair Jerome Powell confirmed that banks can still work with crypto customers if they manage the risks properly. On Jan. 30, during a press conference, Powell addressedTraditional Finance

The increasing overlap between the crypto world and traditional finance is undeniable. Wall Street s securities watchdog has made it easier for banks to expand their cryptocurrency businesses by overturning a Joe Biden administration rule that made it prohibitively expensive toFor years, Wall Street maintained a cautious distance from cryptocurrencies, hesitant to fully embrace an asset class perceived as volatile and unregulated. At Davos 2025, Bank of America CEO Brian Moynihan likened crypto to established payment systems: If you go down the street here and buy lunch, you could pay with Visa, Mastercard, a debit cardHowever, growing client interest and the potential for significant returns have forced a change in perspective.

• Client Demand: Goldman Sachs' decision to launch a Bitcoin trading desk is a direct response to the demands of their clientele.High-net-worth individuals and institutional investors are increasingly seeking exposure to crypto assets.
• Technological Advancement: Blockchain technology offers significant advantages in terms of efficiency, transparency, and security.Banks are exploring ways to leverage blockchain to improve various aspects of their operations, from payments processing to supply chain management.
• Competitive Pressure: The emergence of innovative crypto companies is putting pressure on traditional banks to innovate or risk losing market share. Es besteht ein echtes Risiko, dass einige dieser Unternehmen einige der gr ten Banken der Wall Street berholen k nnten, wenn diese nicht in den Markt einsteigen. Da Goldman Sachs derzeit nur mit Derivatprodukten arbeitet, wird das n chste zu l sende Problem laut Bogart die Verwahrung sein, falls Goldman Sachs den direkten Handel mitThese crypto-native firms often offer services that are more efficient, accessible, and cost-effective than those offered by traditional institutions.

The collision is not just about competition; it's also about the convergence of technologies and the evolving regulatory landscape.

Goldman Sachs' Bitcoin Trading Desk: A Sign of the Times

Goldman Sachs' foray into Bitcoin trading is a significant milestone for the crypto industry.It signifies a growing acceptance of Bitcoin as a legitimate asset class and a recognition of the demand from institutional investors.However, it's important to note that Goldman Sachs will initially focus on derivatives products rather than direct trading of Bitcoin.

Why Derivatives?

Derivatives offer a way to gain exposure to Bitcoin without directly holding the underlying asset. H um risco real de que algumas dessas empresas possam ultrapassar alguns dos maiores bancos de Wall Street se n o entrarem no mercado . Como atualmente a Goldman Sachs estar s trabalhando com produtos derivados, Bogart observou que o pr ximo problema a ser resolvido ser a cust dia, caso a Goldman Sachs adicione negocia es diretasThis can be attractive to institutional investors who may be subject to regulatory restrictions or internal policies that prohibit direct crypto ownership.

The Custody Challenge

Spencer Bogart points out that custody remains a key challenge for institutions looking to offer direct Bitcoin trading. Goldman Sachs reported yesterday that they would soon open a trading desk for Bitcoin (BTC) contracts after being inundated with client requests.Custody refers to the secure storage of digital assets.Institutions need to establish robust and compliant custody solutions to ensure the safety and integrity of their clients' crypto holdings.

The move by Goldman Sachs will inevitably lead other banks to follow suit. Skip to main content Bitcoin Insider. MenuThe fear of being ""overtaken"" by competitors and innovative crypto firms will drive increased adoption of crypto-related services on Wall Street.

Wall Street's Blockchain Embrace: Beyond Cryptocurrencies

While Bitcoin and other cryptocurrencies grab the headlines, the underlying blockchain technology is quietly revolutionizing various aspects of the financial industry.Major banks like JPMorgan, HSBC, and BlackRock are already handling billions in blockchain transactions.

Tokenized Deposits

Tokenized deposits represent a significant advancement in the application of blockchain technology within the banking sector. A Crypto Company Could Overtake Wall Street s Biggest Banks, Says Blockchain VCBy representing deposits as digital tokens on a blockchain, banks can streamline various processes, reduce costs, and improve transparency.

Imagine a world where cross-border payments are settled instantly and without intermediaries, or where securities can be traded 24/7 on a decentralized exchange.This is the promise of tokenized deposits.

The Importance of Collaboration

Executives across the financial industry agree that industry-wide collaboration is crucial for scaling crypto in finance.The fragmented nature of the crypto ecosystem can be a barrier to adoption.By working together, banks and crypto companies can create standardized protocols and interoperable systems that facilitate the seamless flow of digital assets.

The Regulatory Landscape: A Critical Factor

Regulation plays a critical role in shaping the future of crypto adoption on Wall Street. There's a real risk that some of those companies could overtake some of Wall Street's biggest banks if they don't get in the market. As Goldman Sachs will currently only be working with derivatives products, Bogart noted that the next problem to solve will be custody, in the event that Goldman Sachs would add direct trading of Bitcoin.Uncertainty and ambiguity in the regulatory environment can stifle innovation and discourage investment.The recent overturning of a Joe Biden administration rule that made it prohibitively expensive for banks to expand their cryptocurrency businesses is a positive sign.

Clarity is Key

Clear and consistent regulations are essential for fostering a healthy and sustainable crypto ecosystem.Regulators need to strike a balance between protecting investors and encouraging innovation. Ondo CEO says banks now embracing public blockchains after key rule changes. Crypto is no longer a fringe concept on Wall Street. That s the message from Nathan Allman, CEO of Ondo Finance, whoThe US securities watchdog has made it easier for banks to expand their cryptocurrency businesses. Major banks like JPMorgan, HSBC, and BlackRock are already handling billions in blockchain transactions but need clearer rules. Executives agree that public blockchains, tokenized deposits, and industry-wide collaboration are key to scaling crypto in finance. The crypto industry is hitting a wall.Fed Chair Jerome Powell has confirmed that banks can still work with crypto customers if they manage the risks properly.

The Impact of Regulation

The regulatory landscape will determine which crypto companies thrive and which ones falter.Companies that prioritize compliance and transparency will be best positioned to succeed in the long run.

The Rise of Crypto Venture Capital

Crypto venture capital (VC) firms are playing a vital role in funding the growth of the crypto industry. Summary: Blockchain technology has been making waves across industries with its promise of decentralization, transparency, and security. As this technology continues to evolve, numerous companies have emerged as leaders in harnessing its potential. In this article, we explore the 10 biggestThese firms specialize in investing in startups that are building innovative blockchain-based solutions. Spencer Bogart, a partner at Blockchain Capital, said that other banks will follow Goldman Sachs example in opening a crypto trading desk, by @infoworldLeading crypto VC firms like Coinbase Ventures, Binance Labs, and KuCoin Ventures take an active role in supporting the companies they invest in, providing advice, mentorship, and access to resources.

Spotlight on Emerging Crypto Companies

While Bitcoin and Ethereum are household names, numerous other crypto companies are quietly building the infrastructure that will power the future of finance.Let's examine a few:

• LCAI: Priced at just $0.003, LCAI is integrating blockchain and artificial intelligence. Spencer Bogart, a partner at Blockchain Capital, said that other banks will follow Goldman Sachs example in opening a crypto trading desk, according to Facebook Instagram Mail Pinterest Reddit RSS Telegram Twitter YoutubeSome analysts predict 12,000% gains by 2025.
• NU, COIN, and CORZ: Companies building the crypto infrastructure.

These companies represent the innovation occurring outside the traditionally-known cryptocurrencies.

Bank of America CEO's Perspective: Crypto as a Payment System

At Davos 2025, Bank of America CEO Brian Moynihan likened crypto to established payment systems like Visa and Mastercard.This comparison highlights the growing acceptance of crypto as a legitimate means of payment.Moynihan noted that consumers can already use crypto to purchase goods and services, just as they would with traditional payment methods.

This perspective underscores the potential for crypto to become more integrated into everyday life, blurring the lines between traditional and digital finance.

What Does the Future Hold? The U.S. might soon cast votes on the blockchain, according to Dan Tapiero, Founder and CEO of 10T and 1RT. Speaking with Scott Melker on TheStreet Roundtable, Tapiero said blockchain technologyCan a Crypto Company Actually Overtake Wall Street?

The question remains: can a crypto company truly overtake one of Wall Street's biggest banks?The answer is complex and depends on several factors.

Challenges for Crypto Companies

• Regulation: The regulatory landscape remains a significant hurdle for crypto companies. A Crypto Company Could Overtake Wall Street s Biggest Banks, Says Blockchain VC Spencer Bogart, a partner at Blockchain Capital, said that other banks will follow Goldman Sachs example in openingUncertainty and ambiguity can stifle innovation and limit their ability to compete with established financial institutions.
• Scalability: Scaling blockchain technology to handle the transaction volumes of traditional financial systems is a major challenge.Many blockchain networks are still limited in terms of transaction throughput.
• Adoption: Gaining widespread adoption of crypto-based financial services requires overcoming user skepticism and educating the public about the benefits of blockchain technology.
• Custody and Security: The security and safekeeping of digital assets remains a concern for investors and institutions.

Advantages of Crypto Companies

• Innovation: Crypto companies are often more agile and innovative than traditional banks. According to the report, blockchain, cryptocurrencies, and other digital assets have led to increased competition in the financial industry. The company notes it has exposure to distributedThey are able to develop and deploy new products and services more quickly.
• Decentralization: Decentralization can reduce costs and increase transparency.
• Accessibility: Crypto-based financial services can be more accessible to individuals and businesses that are underserved by traditional banks.
• Global Reach: Crypto can be used for payments and transactions anywhere in the world, without needing to deal with currency exchange or transfer fees.

Spencer Bogart's warning suggests that the pace of change will accelerate.Wall Street banks that fail to adapt and integrate blockchain technology risk falling behind more nimble and innovative crypto companies.

Actionable Steps for Traditional Financial Institutions

For traditional banks to remain competitive in the face of the crypto revolution, they need to take decisive action. A CRYPTO COMPANY COULD 'OVERTAKE' WALL STREET's BIGGEST BANKS Spencer Bogart, a partner at Blockchain Capital, said that other banks will follow Goldman Sachs example in opening a cryptoHere are some actionable steps they can take:

1. Invest in Blockchain Technology: Banks need to invest in research and development to explore the potential of blockchain technology for various applications.
2. Develop Crypto-Related Services: Banks should consider offering crypto-related services to their clients, such as Bitcoin trading, custody solutions, and tokenized deposits.
3. Collaborate with Crypto Companies: Banks can partner with crypto companies to leverage their expertise and access new technologies.
4. Engage with Regulators: Banks should actively engage with regulators to help shape the regulatory framework for crypto assets.
5. Educate Employees and Clients: Banks need to educate their employees and clients about the benefits and risks of crypto assets.

By embracing blockchain technology and working with crypto companies, traditional banks can position themselves to thrive in the evolving financial landscape.

Conclusion: The Future of Finance is a Hybrid Model

The future of finance is likely to be a hybrid model, combining the best of both worlds: the stability and regulatory oversight of traditional financial institutions with the innovation and efficiency of crypto companies. A crypto venture capital (VC) firm is a type of investment company that specializes in funding startups that operate in the cryptocurrency and blockchain space. The best crypto venture capital firms (like Coinbase Ventures, Binance Labs and KuCoin Ventures ) take a more active role in supporting the companies they invest in, offering adviceA crypto company could potentially overtake a Wall Street bank by building better, more innovative products. A partner at a prominent blockchain VC firm says that more banks will begin crypto trading so as not to be 'overtaken' Continue reading A Crypto Company Could 'Overtake' Wall Street'sIt is unlikely a smaller company will topple a financial giant overnight, but the direction and trend is clear. Blockchain technology and cryptocurrencies are here to stay, and Wall Street needs to adapt.While challenges remain, the potential rewards are significant. A partner at Blockchain Capital told CNBC that other banks will follow Goldman Sachs example of a opening a crypto trading desk, so as not to fall behind. Spencer Bogart, a partner at Blockchain Capital, said that other banks will follow Goldman Sachs example in opening a crypto trading desk, according to CNBC s Fast Money MoreAs regulation becomes clearer and adoption increases, the integration of crypto into the mainstream financial system will continue to accelerate, creating new opportunities and reshaping the future of finance.The institutions that embrace this change will be the winners in the long run.The key takeaway is that the financial industry is at an inflection point, and the decisions made today will determine who leads the way in the years to come.Is your portfolio diversified to account for these changes in finance?