From:
Columbia Business School adjunct professor Omid Malekan spoke with Cointelegraph reporter Vince Quill about the growing push toward tokenized bank deposits and why he remains skeptical of their benefits. Malekan explained that while tokenization is often presented as a breakthrough for payments and settlement, many proposed systems offer little improvement over existing infrastructure. He emphasized that without solving real frictions, such as interoperability, speed, and cost tokenized deposits risk becoming “innovation theater,” adding complexity without delivering meaningful value to consumers or financial institutions.
