Executives from Robinhood and Bitstamp, speaking at a recent industry event, said the question among major banks has moved from what blockchain is to how to build on it, citing concrete onchain projects now underway at several Wall Street institutions. The shift reflects regulatory clarity gains in the U.S. and EU and growing C-suite pressure to avoid being late to blockchain-native capital markets infrastructure.
For Armada's crypto-repo desk, this transition means banks that were previously observers may soon become direct counterparties or competitors in crypto-collateralized lending and repo. Early relationships and demonstrated operational capability, including Armada's Fireblocks custody integration and SOC 2 positioning, become key differentiators in winning mandates from institutions entering the space with compliance-first requirements.