At Ripple’s Swell 2025 conference in New York, Maxwell Stein from BlackRock’s digital assets team announced that the global financial market is primed for large-scale blockchain adoption. He emphasized that emerging infrastructure, including Ripple’s, might soon enable trillions of dollars to move on-chain.
Stein’s remarks sparked applause at the event and engagement across social media, signaling growing confidence in blockchain’s role in traditional finance.
BlackRock Executive Confirms Blockchain Readiness
Stein outlined the ongoing transformation in finance, noting that while many traditional securities remain in legacy systems, the gap between conventional and tokenized assets is narrowing. He identified two groups driving this shift: current crypto users and early institutional adopters.
He stressed the importance of demonstrating blockchain’s practical utility to attract larger financial players. “We need that market momentum in order to prove the utility, to actually get the larger players to eventually come in,” Stein said.
Social media users, including XRP advocate Diana on platform X, credited Ripple and other pioneers for proving blockchain’s viability as real financial infrastructure.
The prospect of trillions in capital moving across blockchain rails marks a significant shift in global financial operations, moving from a once hypothetical concept to emerging reality.
Nasdaq CEO Highlights Regulatory Clarity as Key
Nasdaq CEO Adena Friedman addressed the importance of clear regulations to foster institutional participation in digital assets. She pointed out that major institutions are eager to engage but require defined rules that ensure investor protection and stable frameworks.
“To get them really engaged in the market, there has to be regulatory clarity,” Friedman said. She noted that banks are already experimenting with tokenized bonds, fixed income products, and stablecoins, demonstrating proactive involvement despite awaiting formal regulatory approval.
