Former Grayscale Executive: TradFi Companies Now Prefer Using Public Chains for Tokenization

ChainCatcher news, former Grayscale executive Celisa Morin stated that traditional financial institutions are increasingly interested in tokenizing assets on public blockchains.

She pointed out that more companies may now choose public chains over private ones, as BlackRock's $100 million tokenization fund has found success on the Ethereum network. Despite the controversy, many companies may follow BlackRock's lead.

Morin also noted that Franklin Templeton has launched its tokenized money market fund on Polygon.