The Interchange: Wait, it's all just banks?
December 9, 2020, 11:47PM EST · 5 min read
- It’s often said that every tech company wants to be a bank. But it hasn’t fully materialized, yet.
- While crypto companies are rapidly pushing the boundaries of market structure and wanting to be banks themselves, so far only Wyoming special state charters have offered early forms of success.
- The recent break-neck pace of crypto banking developments paired with the latest U.S. regulatory rhetoric suggests 2021 is setting up for a potential collision course among crypto national bank charter hopefuls.
This report is for Research Members
Join The Block Research for exclusive research like this
Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.Learn More Already a Research Member? Sign In