Grayscale’s Krista Lynch says stablecoins could keep tokenized markets open around the clock

The Grayscale trading chief argues stablecoins are the missing piece for 24/7 trading of tokenized assets in traditional finance Wall Street still mostly keeps banker’s hours. Krista Lynch thinks stablecoins are about to make that look quaint. Lynch, Senior Vice President and Head of Trading and Capital Markets at Grayscale Investments, says stablecoins will enable around-the-clock trading of tokenized assets in traditional financial markets. Her remarks land squarely on the themes Ripple’s Swell conference is built around: tokenization, stablecoins and how money actually settles between institutions. What Lynch is arguing The core claim is simple. Stablecoins let traditional trading run continuously. Lynch has pointed to two features in particular: transactions that happen 24/7 and settlement that happens instantly. In her framing, those properties can improve liquidity across traditional finance. Tokenized assets are traditional instruments, like funds or securities, represented as tokens on a blockchain. Stablecoins are crypto tokens designed to hold a steady value, usually pegged to a currency like the dollar. Put them together and you get an asset and a payment method that can...