At Stellar Meridian, the Blockdaemon CEO spoke frankly: the main challenge to institutional adoption isn’t the technology behind the chain, but how regulation defines it and whether intermediaries can serve institutional clients effectively. Technology hasn’t been the problem for a long time; the real obstacles are the regulatory framework and service providers’ capabilities. Stellar’s take is refreshingly honest: compliance is the biggest moat. If you want to attract institutions, don’t just look at the code—get the rules sorted out first.

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