Guy, general partner at a16z Crypto, pointed out in an article that despite extensive digitalization in the financial sector, the underlying infrastructure remains fragmented, heavily relying on manual reconciliation and paper-based procedures. Wall Street and Washington have increasingly embraced the term 'digital assets', undergoing a digital transformation similar to corporate migration to cloud services.

The article highlights that major financial institutions adopt blockchain primarily not out of pursuit of ideologies like decentralization or financial sovereignty. Instead, they aim to tackle practical obstacles in trust building and cross-party collaboration, so as to cut counterparty risks and guarantee fair transaction sequencing and optimal execution.