#tokenization is a phenomenon, everything is being tokenized, identity, property and assets of all forms. These tokenized assets will most likely reside on a #blockchain based network, and digital currencies will be deployed to pay for them.
Most of the “traditional” financial institutions do not have the technology to even comprehend this change.
Central banks and central bank issued money can not be used on blockchains, hence #cbdc are a key tool to enter the tokenized economy. Traditional exchange houses realize that the new types of assets are gaining adoption. Digital banks see them as an essential part of their value chain, their customers want to invest in them and they need to offer such services.
I believe traditional exchange houses will eventually move towards settlement on blockchain based systems, hence banks and investment firms are buying these digital exchange houses, or even building them from scratch.
I believe we will see more of such investments, driven by a combination of reasons; adoption of blockchain based networks, tokenization of assets, an urge to be decentralized to achieve a sense of freedom, all of these and many more will contribute to such acquisitions.