One of the biggest banks in the world: "Ignoring crypto would be like sticking with paper and not adopting a computer." Big banks are realizing that DeFi and tokenisation are not a fad, even during a bear market.

Big banks are realising that tokenisation and DeFi are systems that have the potential to be vastly superior to the current ones, that are analogue based. Better liquidity and interoperability and speed being the top improvements.

You may be pro or con banks, but one thing is clear, if there's money to be made banks will be there.

Thats why BNY Mellon who has $43 trillion AUC and serves 20% of the world investable assets said:

Ignoring crypto would be like sticking with paper and not adopting a computer.

In September 2022 the bank also added:

We see blockchains and Chainlink not only connecting market infrastructure to each other, but even within banks.

Blockchain has the potential to streamline and make faster the whole financial system. Bear market or not, there's light at the end of the tunnel.