Bitwise says major banking and payments groups are building new products, highlighting a narrowing gap between traditional finance and the digital asset sector.
BlackRock, JPMorgan, Visa and Mastercard are moving further into crypto-related products, according to Bitwise. The statement points to continued convergence between traditional finance and digital assets as large financial institutions and payments networks increase their involvement in crypto infrastructure, investment products and related services. The source does not provide product details, launch dates or financial figures, but frames the trend as a sign that the boundary between conventional finance and the crypto market is becoming less distinct.