BlackRock Bullish on AI-Driven Crypto Market, Bank of New York Mellon Emphasizes Tokenization Opportunities

On March 25, according to CoinDesk, Robbie Mitchnick, head of digital assets at BlackRock, stated that institutional investors are increasingly concentrating on Bitcoin and Ethereum, believing that most other tokens have short lifecycles and lack long-term value.

He pointed out that artificial intelligence is a more important long-term driver than the expansion of new tokens, and that cryptocurrency as "computer-native currency" has a natural symbiotic relationship with AI's "computer-native data and intelligence."

Mitchnick noted that clients are no longer broadly diversifying into small-cap assets, but are instead primarily focusing on asset allocation dominated by Bitcoin and Ethereum, with clearly limited interest in other tokens.

He also specifically mentioned that facing the current market environment, Bitcoin miners are actively transitioning to AI-related computing businesses to seek more stable sources of income and cope with potential industry risks and uncertainties.

On the same day, Robin Vince, CEO of Bank of New York Mellon, stated that large financial institutions will play a key role in promoting the next phase of crypto technology, serving as a bridge connecting traditional finance and digital assets.

He further elaborated that tokenization is a key area of focus, with measures such as creating digital tokens for money market funds and developing new stock categories representing important directions for industry development.

When discussing the impact of tokenization, Vince stated that fields like lending and real estate, which currently have lower system efficiency, are expected to be among the first to benefit from tokenization.

However, he also mentioned that the crypto industry and traditional banking still have disagreements on how stablecoin yields are handled, and this disagreement persists.

He also believes that the transformation in the crypto sector is a long-term process, expected to take 5 to 15 years, and whether this process can proceed smoothly depends on whether technology, regulation, and market participants can develop in coordination.

In summary, #BlackRock values Bitcoin and Ethereum and is betting on the deep integration of AI and crypto as the core driver of industry development;

while #BankofNewYorkMellon emphasizes that large banks are building bridges for tokenization opportunities. These two perspectives also provide market participants with comprehensive and in-depth directions for reflection.

However, for investors, practitioners, and regulators, understanding these signals is key to keeping pace with the times.