Large banks prepare for encryption asset trading business; CEO says the application of Digital Money is irreversible.

Recently, there have been reports that a large bank is preparing a series of Crypto Assets trading services aimed at providing services to its institutional clients. It is said that this business will be jointly supported by nine companies, including five major OTC Trading firms and four Crypto Assets exchanges. Notably, this business also involves a Token that is settled based on the Ethereum network.

Just a day before the news broke, the CEO of the bank expressed his views at a fintech event held in Singapore. He emphasized that the widespread application of digital currency is an "irreversible trend." This statement undoubtedly adds more attention to the bank's upcoming Crypto Assets business.

This move indicates that traditional financial institutions are actively embracing the digital asset space, attempting to provide their institutional clients with more diversified investment options. As Crypto Assets and blockchain technology continue to evolve, more and more banks and financial institutions are beginning to explore the potential of this emerging market.

However, this has also raised a series of questions: how can traditional banks strike a balance between regulatory compliance and innovation? How will they manage the risks associated with crypto assets? The answers to these questions could have far-reaching impacts on the entire financial industry.