# How Digital Assets Are Changing Banking

Page: https://stenobird.com/podcast/thoughts-on-the-market-980853/how-digital-assets-are-changing-banking
Text version: https://stenobird.com/podcast/thoughts-on-the-market-980853/how-digital-assets-are-changing-banking.md
Podcast: [Thoughts on the Market](https://stenobird.com/podcast/thoughts-on-the-market-980853)
Published: 2026-05-18T21:30:00+00:00
Episode link: https://pdst.fm/e/pscrb.fm/rss/p/rss.art19.com/episodes/0eff7ae3-4fea-4e9c-9dc2-a9ce1500a275.mp3?rss_browser=BAhJIg90cmFuc2NyaWJyBjoGRVQ%3D--952c5701c84ad333c69d5faa668f8177091704f0
Audio file: https://pdst.fm/e/pscrb.fm/rss/p/rss.art19.com/episodes/0eff7ae3-4fea-4e9c-9dc2-a9ce1500a275.mp3?rss_browser=BAhJIg90cmFuc2NyaWJyBjoGRVQ%3D--952c5701c84ad333c69d5faa668f8177091704f0
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Duration seconds: 263

## Resource

Our Global Head of Banks and Diversified Finance Research Betsy Graseck explains how digital assets could reshape market infrastructure and how money moves, without overthrowing wholesale banking. Read more insights from Morgan Stanley. ----- Transcript ----- Betsy Graseck: Welcome to Thoughts on the Market. I'm Betsy Graseck, Morgan Stanley's Global Head of Banks and Diversified Finance Research. Today, we are looking out to 2030 to estimate what we expect the impact of digital assets could be on global wholesale banking. It's Monday, May 18th at 3:30 PM in New York. We live in a world where money can move instantly. A payment or transfer can happen in a matter of minutes, if not seconds, in real time. But much of the financial system runs on older networks for moving cash and securities. These networks are what the industry calls rails. We expect clients will be looking for faster settlement across global banking services, driving the industry to adopt digital asset rails over the next decade. We see three key drivers pushing this today. Number one, market support is out there for fintechs, which is increasing their competitiveness. Number two, global legislation and regulation is clarifying requirements for enabling digital asset services led by the U.S. with the Genius Act in 2025, and with the forward motion being made on the Clarity Act in 2026. The third driver of digital asset transformation is that exchanges are extending hours and moving towards offering 24/7 capabilities over the next several years. Now, we expect digital assets will have two major impacts on global wholesale banks. First, as banks lean into servicing crypto assets, we see the potential for an additional $1.5 [billion] to $8 billion in revenues in 2030, which adds up to 1 percent to our glob…

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