Ripple Swell 2025 conference in Novel York quickly became one of the most talked-about events in the world of cryptocurrencies and finance. Highlights included a statement by Maxwell Stein, a member of BlackRock’s digital assets team, which drew applause from the audience and was widely echoed by enthusiasts on social media.

He revealed that the global financial market is now ready to adopt large-scale blockchain and infrastructure built by companies such as Ripple may soon make this easier trillions of dollars flowing on the chain.

BlackRock’s Maxwell Stein says the cryptocurrency market is ready

During his session, Stein highlighted the transformation taking place in global finance, noting that classic securities are still held in legacy systems, but the separation between classic and tokenized assets is gradually disappearing.

He explained that in the brief term, proving usability is paramount to gaining wider adoption, and that there are currently two types of users driving this change: those already using the crypto space, and a second wave of early institutional users.

Stein emphasized the need to maintain market momentum to demonstrate the practical utility of blockchain solutions and attract larger financial players. “We need market dynamics to prove utility and ultimately convince larger players to enter the market,” he said.

As he noticed As an XRP supporter named Diana on the social media platform X, Stein credited Ripple and other early developers with proving that the blockchain works. Not as a concept, but as an actual financial infrastructure.

The idea that trillions of capital he could finally move via blockchain rails represents a fundamental change in the way the world’s financial systems work. The idea seemed like a myth when the cryptocurrency industry was founded.

What seemed like a distant fantasy in the early days of cryptocurrencies has started to take shape as a reality, with large names like classic finance entering the cryptocurrency industry on a daily basis.

Nasdaq CEO says regulation is crucial

Nasdaq CEO Adena Friedman also shared her perspective at the event, focusing on the need for regulatory transparency to encourage greater institutional participation in the digital asset space. She explained that major institutions want to engage but require clearly defined rules that prioritize investor protection and establish a stable framework.

In her opinion, once such transparency is achieved, these institutions will be able to confidently enter the market, knowing that they operate in accordance with safe and sound and limpid guidelines.

Friedman added that there is already significant progress in classic finance, as many banks are experimenting with tokenized bonds, fixed income instruments, and creating stablecoins.

This growing commitment is proof that institutions do not wait for innovations to reach them. They are actively seeking ways to participate in the digital asset ecosystem while awaiting full regulatory approval. “But I think to really engage them in the marketplace, there needs to be regulatory clarity,” Friedman said.

Featured image from Peakpx, chart from Tradingview.com