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BNY Mellon CEO Robin Vince, large banks will drive the next phase of adoption in the cryptocurrency industry

BNY Mellon CEO Robin Vince stated at the Digital Asset Summit in New York that the next phase of adoption in the crypto industry will depend on large financial institutions, as banks can connect traditional finance with the digital asset ecosystem.Robin Vince mentioned that BNY Mellon has already provided digital asset custody services and emphasized that tokenization is a key focus area, including the creation of new digital share classes for money market funds to issue existing products in tokenized form. He also pointed out that sectors such as lending and real estate may benefit first from tokenization.Robin Vince emphasized that trust and regulation will affect the speed of industry development and stated that a clear regulatory framework with "clear rules" is needed. He added that the U.S. GENIUS Act has been passed, while the revised Digital Asset Market Clarity Act is still progressing, with ongoing controversies regarding the treatment of stablecoin yields; the latest compromise allows rewards related to user activity but does not permit interest payments on stablecoin balances. He also stated that institutional participation still relies on security and regulation, and that this process will take 5 to 15 years.Morgan Stanley's Amy Oldenburg stated that banks expanding into the crypto space is not driven by hype, but rather a progression after years of infrastructure development.

The Solana Foundation launches a new privacy framework for institutions: enterprise-level adoption requires flexible privacy controls

According to CoinDesk, the Solana Foundation released a report titled "Privacy on Solana: A Comprehensive Approach for Modern Enterprises," which suggests that enterprise-level adoption requires flexible privacy controls and positions privacy as a customizable feature rather than a trade-off.The report argues that the next phase of crypto adoption will depend more on allowing enterprises to control the subjects and content of information disclosure, rather than solely relying on transparency. The Solana Foundation proposes that privacy encompasses four different modes: pseudonymity, confidentiality, anonymity, and complete privacy systems. Pseudonymity hides identity while transaction data is visible; confidentiality allows participants to be known but encrypts sensitive information; anonymity hides participant identities while transaction data is visible; and complete privacy systems obscure both identity and transaction data through technologies such as zero-knowledge proofs and multi-party computation.The report emphasizes that there is no single privacy model suitable for all scenarios, and enterprises can mix different tools according to their needs. The report notes that Solana's high throughput and low latency enable advanced privacy technologies to operate at near-network speeds, making applications such as encrypted order books or private credit risk calculations possible. The Solana Foundation also proposed mechanisms such as "audit keys," allowing designated parties to decrypt transactions when necessary, thus achieving coexistence between privacy and regulation.
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