From Washington to Wall Street, a new reality has set in: digital assets and blockchains are no longer fringe experiments. Banks are piloting tokenized deposits and settlement rails. Asset managers are launching digital asset offerings. Policymakers are drafting rules that assume this technology is here to stay. The world is showing up. This is good news, but now comes the hard part. We have to make sure the technology is ready for it. The next phase of crypto’s growth won’t revolve around sleek marketing or speculative manias. It will be determined by boring (but measurable) metrics like throughput, finality and ... (full story)