Moody's: Digital financial transformation will show a trend of 'slow first, fast later'

According to Cointelegraph, Moody's Ratings has released a report stating that major banks and financial market intermediaries in the United States believe that the digital financial transformation will undergo a "slow to fast" development process, and the scale of tokenization will gradually expand to cover more market participants, assets, and application scenarios. Moody's pointed out that current tokenization activities are focused on cryptocurrency trading, cross-border retail payments, and some institutional use cases, with large banks generally setting up digital asset teams or innovation departments to participate in pilot projects.