最新报道：The digital asset space is rapidly transforming as traditional finance gradually understands the promise of blockchain and crypto-native innovators lead the way. Developments such as tokenized stocks and modern security standards are driving industry-wide conversations at global events. Adam Levine, senior vice president of corporate development and partnerships at Fireblocks and CEO of Fireblocks Trust Company, is at the intersection of these advances. In a conversation with BeInCrypto at Sunnycan on the French Riviera, Levine shared a candid look at regulatory progress, tokenization, and the current state of institutional cryptocurrency adoption. Institutional understanding, speed of adoption, and the evolving risk curve We're seeing the conversation become smarter, right? In the past, it was always looking for reasons to refuse, whether it was pointing to regulation or claiming that the technology wouldn't work. But what we're seeing now is that traditional institutions are seeing proof of the scale and speed that blockchain can achieve from the cryptocurrency world. Now they're starting to really think about how to do smarter and better with this technology. So the nature of the conversation is changing for the better. Technical teams are really starting to understand the differences between infrastructure on different protocols, and the limitations and opportunities of smart contracts. So overall, it's great to see them moving away from a place of negativity and thinking about the possibilities of achieving business outcomes. It's no surprise that banks are never the fastest, right? But the crypto-native teams that are always on the leading edge are able to execute faster. They're different stakeholders. What we're seeing is that some of these crypto-native companies have evolved into more mature businesses. And the fintechs and the neo-banks are kind of in between, they still have those stakeholders that you need to think about all the different types of risks, but are moving much faster than the traditional banks. So once the banks do move, you'll feel the impact, but it's definitely these crypto-native companies, and now the neo-bank fintechs, that are starting to see the impact faster. The Rise of Liquidity, Interoperability, and Layer 2 What we're seeing in a lot of ways, whether it's Layer 1 or Layer 2, they have similar strategies when they go to market. They're looking for a niche where they can differentiate, and they're using their capital to provide really significant incentives to promote their adoption in the industry. There's nothing wrong with that. It's a good thing. But it means that certain types of assets are being tokenized on one chain and not another. Now you have these different liquidity pools. You can say the same thing about stablecoins, right? Owning USDC or USDT on one protocol, but you want to buy assets on another protocol, that doesn't work, right? So you have these problems, and a lot of stablecoin providers are saying, great, I'm going to get incentives to deliver natively on multiple protocols. That's not the most efficient. So what's exciting is the innovation we're seeing around interoperability. The companies that we're working closely with, LayerZero, Ownera, Chainlink, Wormhole, they're all providing very important interoperability solutions that will help solve the problem of parties tokenizing on one blockchain, but needing to buy its stablecoin on another blockchain. People no longer have to think about, okay, there's USDC on Polygon, there's USDC on ETH, but I want to buy assets on Base, what now? These solutions are critical, and they come from crypto native, but even examples like Biddle and Kinexis and JPM are real POCs and production delivery that rely on these ad hoc partners. Security standards and MPC in crypto MPC is the gold standard for the quality of security that your wallet uses. Where they control the keys is critical. Unfortunately, many people still think that multi-signature is MPC or multi-party computation. It's clearly not the case. It may feel obvious, but we can point to some very public and very large hacks or as examples of multi-signature behind the scenes. If you don't want to buy a cheap fish or security, you have to focus on some version of MPC. Obviously, we think our experience and proven resilience is where you need to start, but MPC needs to become the standard. The regulatory landscape and progress of digital assets I think the industry is miles ahead of where it was last year, and that's probably because of the changes in the US market. Every market regulator needs to consider their own concerns, and some regulators, like VARA, have been ahead for a while. But when I travel around the world, I see large institutions wondering what will happen in the US because that will be the sign. And the first few weeks of this federal government have made some very big changes that have shown not only traditional financial players in the US, but the world that tokenized assets, blockchain, cryptocurrencies are OK. Now we're starting to see changes in the regulatory community. The Genius Act is going to be critical not only domestically, but globally. This is a signal to banks, traditional players, and payment service providers. They should lean into this. Adoption of tokenization hubs and use cases The tokenization engine is great. It allows you to tokenize anything you want using our library of smart contracts. But we think about this as a much more open system. So if you have a smart contract that you've developed yourself, or one of your partners like Tokeny has developed, and you want to bring it into Mint and Burn, absolutely you can. We're seeing some really good use cases with some of our clients around tokenizing private debt, tokenizing equity, and bringing it to new markets. That's been fantastic. We're still seeing some weird edge cases where people want to tokenize investment grade wine or resources. The tokenization engine is working well.What wasn’t said on stage: Institutional DeFi and competitive reactions Robinhood’s announcement was definitely very interesting. We heard people talking about how easy it is for Europeans to access US stocks through an amazingly simple app. They were really excited to see how the rest of the market, some of the big banks, respond. So it’s not just about Robinhood and its… The topic that keeps coming up is how institutional DeFi is adopted by large asset managers, hedge funds, and when banks will start facilitating this. That seems to be the key. Conclusion Adam Levine of Fireblocks clearly demonstrated the rapid evolution of digital asset infrastructure, with traditional finance continuing to steadily shift towards smarter adoption, while fintechs and crypto-native teams drive rapid innovation. Interoperability and liquidity challenges are being addressed through advances in protocol solutions, while security standards such as MPC are establishing new benchmarks. Evolving regulation is building much-needed confidence for institutions, while the proliferation of tokenized use cases shows a maturing industry ready for collaboration and mainstream success. The industry’s progress remains closely tied to regulatory clarity, competitive fintech innovation, and a commitment to strong security and seamless interoperability.