BNY Mellon CEO Robin Vince: Large Banks Will Drive Next Phase of Cryptocurrency Adoption

SmartContractAuditor · 2026-03-24T19:32:28+00:00

BNY Mellon CEO Robin Vince stated at the Digital Assets Summit that the future development of the cryptocurrency industry will depend on large financial institutions, emphasizing that tokenization is a key direction and that a clear regulatory framework needs to be established. He mentioned that fields such as lending and real estate will benefit from tokenization, while pointing out that industry development will take 5 to 15 years.

SmartContractAuditor

2026-03-24 19:32:28

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Odaily Planet Daily reports that BNY Mellon CEO Robin Vince stated at the New York Digital Asset Summit that the next phase of adoption in the crypto industry will depend on large financial institutions, with banks connecting traditional finance and the digital asset ecosystem.

Robin Vince mentioned that BNY Mellon has already provided digital asset custody services and emphasized that tokenization is a key focus, including creating new digital share classes for money market funds and issuing existing products in tokenized form. He also pointed out that sectors like lending and real estate may benefit first from tokenization.

Robin Vince stressed that trust and regulation will influence the industry’s development speed and said that clear regulatory frameworks and “definite rules” are needed. He added that the US GENUIS Act has been passed, while the revised Digital Asset Market Clarity Act is still progressing. The draft still faces controversy over how to handle stablecoin yields; the latest compromise allows rewards related to user activity but does not permit paying interest on stablecoin balances. He also noted that institutional participation still depends on security and regulation, and this process could take 5 to 15 years.

Amy Oldenburg of Morgan Stanley stated that banks expanding into the crypto space are not doing so for hype but are advancing after years of infrastructure development. (CoinDesk)

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