State Street: Recent DeFi Attacks Highlight Institutional-Grade Blockchain Security Needs
According to CoinDesk, Angus Fletcher, Head of Digital Assets at State Street, stated at Consensus Miami that recent DeFi attack incidents highlight traditional financial institutions’ need for blockchain asset security and risk management frameworks. He emphasized that before trillions of dollars worth of real-world assets (RWAs) are tokenized, the industry must urgently address cross-chain interoperability, legal ownership, and security safeguards.
