ripple’s Swell 2025 Conference The New York event quickly became one of the most talked about events in the world of cryptocurrencies and finance. Among the highlights was a statement from Maxwell Stein, a member of BlackRock’s Digital Assets team, which received applause from the audience and resonated with enthusiasts on social media.
He revealed that global financial markets are now poised for large-scale blockchain adoption, with the infrastructure being built by companies such as: Ripple could soon facilitate it Trillions of dollars move on-chain.
BlackRock’s Maxwell Stein says the crypto market is ready
During the session, Stein highlighted the ongoing transformation in global finance, noting that while traditional securities are still stored in legacy systems, this separation between traditional and tokenized assets is gradually dissolving.
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He explained that in the short term, proving usefulness is paramount to gaining broader adoption, and that there are currently two types of users driving this change. One is users who have already entered the cryptocurrency space, and the other is a second wave of early institutional adopters.
Stein emphasized the need for continued market momentum to demonstrate the practical utility of blockchain solutions and attract large financial players. “We need market momentum to prove it’s viable and actually get the big players on board eventually,” he said.
as pointed out by Stein, an XRP advocate who goes by the name Diana on social media platform X, credited Ripple and other early builders for proving that blockchain works. Not just as a concept, but as an actual financial infrastructure.
The idea that there are trillions of dollars of capital it might work eventually Efforts through blockchain rails will bring fundamental changes to the way the global financial system operates. When the cryptocurrency industry was first created, this idea sounded like a myth.
What seemed like a distant fantasy in the early days of cryptocurrencies is starting to take shape as a reality, with major players from traditional finance and beyond now entering the cryptocurrency space every day.
Nasdaq CEO says regulation is important
Nasdaq CEO Adena Friedman also shared her views at the event, highlighting the need for regulatory clarity to encourage broader institutional participation in the digital asset space. He explained that key institutions want to be involved, but need clearly defined rules that prioritize investor protection and establish a stable framework.
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She says that once such clarity is achieved, these institutions will be able to enter the market with confidence knowing that they are operating under safe and transparent guidelines.
Friedman said many banks are using tokenized bonds and and the creation of stablecoins.
This increased involvement is evidence that institutions are not waiting for innovation to arrive. They are actively exploring ways to participate in the digital asset ecosystem, pending full regulatory approval. “But I think we need regulatory clarity to really bring them into the market,” Friedman said.
Featured image from Peakpx, chart from Tradingview.com