Giancarlo Says Wall Street Is Adopting Digital Network Technology

Former CFTC Chairman Chris Giancarlo said digital network technology is becoming part of Wall Street’s financial architecture, as crypto spreads across the financial system.

“The genie is out of the bottle,” Giancarlo said. “Wall Street itself is now adopting digital network technology as its very architecture.” A video carrying the remarks was posted Nov. 11.

Giancarlo has also described tokenized money as an irreversible shift and predicted all securities issuance would be tokenized by 2036, as discussed in his earlier comments on Bitcoin and tokenized markets.