Moody’s Says US Banks Expect Tokenized Finance Will Hit Tipping Point

Major US banks and financial market intermediaries expect the transition to a digitized financial system to start slowly, then hit a tipping point at which it accelerates, according to credit rating agency Moody’s Ratings.

In a report Tuesday, the agency said that, during conversations with US banks and other financial market intermediaries, most viewed the shift as inevitable and agreed it would…