Interoperability in the Digital Asset Ecosystem is Crucial to Driving Institutional Adoption

Talos’s Head of Sales EMEA, Frank van Zegveld, and Sales Director EMEA, Andrew Theodosiou, recently attended the inaugural Web3 Banking Symposium organized by the Crypto Valley Association. Developed to foster the evolution of finance and the adoption of blockchain technologies by traditional banks, the conferences was hosted in Geneva, Switzerland.

Frank shared insights on the panel entitled “Infrastructure solutions available for crypto custody, payments, crypto-fiat exchange, liquidity, and trading,” alongside Katrin Koller - Ripple, Ilya Volkov - Youhodler, Adriano Bertini - Ledger Enterprise, Victor Busson -Taurus and Paolo Guarnerio - SDX.

The key takeaway from the panel? Interoperability between all participants in the digital assets ecosystem is crucial to driving institutional adoption. "It's a big puzzle," as one panelist put it. With more institutional adoption comes more specialization of service provision along the value chain. So there needs to be connectivity between participants in order to make it a functioning ecosystem.

Panelists emphasized the importance of standardization, agreeing that gradually establishing standards for custody, trading, and liquidity providers is essential to move the industry forward, especially within the banking system.

View the full replay here.

For more information on the interoperability of Talos, reach out for a demo.

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