Banks Will Develop 24/7 Infrastructure When Demand is Clear — Market Talk
Major banks will develop market infrastructure for round-the-clock trading when demand for 24/7 trade proves itself, says Deutsche Bank's head of digital assets & currency transformation, Sabih Behzad. Tokenization can be used to facilitate 24/7 trade, but developing the infrastructure to accommodate markets is more complex than markets appreciate, Behzad says, speaking at the Digital Assets Week conference in London. "For banks to stand up that infrastructure for one or two trades isn't going to happen. We're only going to do that if the market starts to move at pace." The industry needs to ensure tokenization doesn't lead to collateral existing in multiple disconnected venues, Behzad adds. ([email protected])