Consensys just dropped their new banking system 👀
The play: Banks can now transact across different blockchains while keeping assets on their own networks. No custody headaches, no moving funds around.
This is institutional rails being built in real-time. Traditional finance is slowly getting on-chain, but on their terms.
Bullish for enterprise adoption? Maybe. But remember - permissioned chains don't pump your bags. Watch for second-order effects on $ETH if this drives more L2 activity.
The play: Banks can now transact across different blockchains while keeping assets on their own networks. No custody headaches, no moving funds around.
This is institutional rails being built in real-time. Traditional finance is slowly getting on-chain, but on their terms.
Bullish for enterprise adoption? Maybe. But remember - permissioned chains don't pump your bags. Watch for second-order effects on $ETH if this drives more L2 activity.