From ‘what’ to ‘how’: Robinhood and Bitstamp say banks are ready to build on-chain
Executives from Ondo, Robinhood and Babylon Labs said at Consensus Miami 2026 that banks and traditional finance firms are embracing crypto infrastructure, though institutional adoption remains constrained.
What to know:
- Consensus Miami 2026 panelists from Ondo, Robinhood and Babylon Labs said that Wall Street firms are actively integrating crypto infrastructure, tokenized assets and stablecoin-based products.
- Executives argued that tokenized treasuries and 24/7 markets already offer clear advantages over traditional financial systems.
- Institutional adoption will likely develop along two parallel tracks: regulated U.S. finance and offshore permissionless crypto markets, speakers added.
“I think it’s very clear that Wall Street is coming to crypto,” said Ondo President Ian De Bode, pointing to recent partnerships with Broadridge and the Depository Trust & Clearing Corporation (DTCC) aimed at tokenizing securities and enabling blockchain-based shareholder voting.
Robinhood’s Nicola White said that the conversation with banks has shifted dramatically over the past two years. “We’re not having conversations anymore about what blockchain is,” she said. “Now it’s about, how do we help them build?”
The panelists emphasized that crypto infrastructure already improves on traditional finance in terms of settlement speed and market accessibility. De Bode noted Ondo’s tokenized treasury products allow investors to mint and redeem positions over weekends while earning a daily yield, capabilities still largely unavailable in traditional money markets.
