How does blockchain help traditional banks streamline their processes? Fireblocks Head of APAC & Vice President, Product Strategy and Business Solutions, Stephen Richardson, explains.

For large and complex organizations like banks, their legacy technology has many inefficiencies in the recognition and settlement of assets.

But once you put an asset on the blockchain, you create a singular basis for identifying assets and a central point of visibility for the entire organization to manage how that asset interacts across multiple business lines.

It’s a game-changer because it boosts transparency, speed, and rationalization across the organization.