Former Grayscale Executive: TradFi companies now prefer to use public chains for tokenization

Former Grayscale executive Celisa Morin stated that traditional financial institutions are showing increased interest in tokenizing assets on public blockchains.

She pointed out that more companies may now choose public chains over private ones, with BlackRock's $100 million tokenized fund achieving success on the Ethereum network. Despite controversy, many companies might follow BlackRock's example. Morin also noted that Franklin Templeton has launched its tokenized money market fund on Polygon.