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Major tier-one banks now compete directly with crypto platforms on their own turf.
- OCBC tokenizes gold on Ethereum and Solana, signaling institutional capital sees blockchain infrastructure as permanent settlement rails.
- The move targets crypto-native wealth that traditional finance previously ignored. Web3 participants get institutional-grade asset exposure without leaving their wallets.
- RWA tokenization hits $29 billion in under two years. Banks racing to capture this flow before decentralized competitors own the entire market.
- Singapore's regulatory clarity gives OCBC first-mover advantage. US banks still waiting for framework guidance while Asia executes.
- The real threat to traditional finance isn't crypto replacing banks. It's banks becoming the distribution layer for blockchain-native products.
- This removes friction between legacy finance and decentralized systems. Once that bridge solidifies, custody, settlement, and asset management all shift on-chain permanently.