TechFlow News, February 7: According to a CoinDesk report, Mark Nichols, Co-Leader of EY’s Digital Assets Advisory practice and Head of EY’s Digital Assets business, stated that wallets are rapidly evolving into the critical gateway for next-generation financial services—not merely tools for cryptocurrencies. “The wallet is the strategy; whoever controls the wallet or provides the wallet wins the customer relationship,” Nichols said.
EY believes wallets will serve as the portal for storing, transferring, and managing tokenized value—connecting payments, tokenized assets, and stablecoins, among other financial services. For financial institutions, this shift is existential. EY emphasizes that the true value of blockchain tokenization lies not only in liquidity but also in real-time capital management and risk optimization.
