Lukka’s Materazzi: Crypto Is Here, and All the Biggest Banks Know It
Crypto businesses are increasingly leaning into traditional banking products, Materazzi said, and he is excited to see how traditional banking starts to merge with digital assets.
Robert Materazzi, CEO of Lukka
key takeaways
- Robert Materazzi sees further regulation as an opportunity to bring greater security and legitimacy to the digital asset space, if done well
- There is going to be an increase in traditional financial institutions leaning into crypto products and offerings, he said
Banking in cryptocurrencies is here to stay, Robert Materazzi, CEO of Lukka, told Blockworks earlier this month at the Bretton Woods: The Realignment conference.
“I don’t think that many people can argue that it isn’t here,” said Materazzi “All of the big banks are working on it in some way, with actual business units, if they haven’t already launched, they are just about to, which is very exciting.”
Crypto businesses are increasingly leaning into traditional banking products, he said, and he is excited to see how traditional banking starts to merge with digital assets.
Materazzi, who works closely with regulators day-to-day, is excited about how further regulation can elevate the digital asset space.
“Buy some crypto, first,” Materazzi said of his advice to regulators trying to better understand the space. “What I mean by that is get your hands dirty, you have to actually go through the motions.”
Watch my full interview with Materazzi below.
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