Specific, near-term catalysts are set to force the banking industry's hand. The Clarity Act, the DTCC’s addition of tokenized products in late 2026, and extended exchange hours are creating a tipping point for the holistic adoption of digital asset services.
The $21-82 billion revenue at risk from digital asset adoption is concentrated in core banking functions: cross-border payments, liquidity, and collateral management. This shows the threat is not at the fringe but targets the fundamental, high-margin operations of global wholesale banks.
While banks could gain up to $8 billion in new revenue from crypto services by 2030, they risk losing up to $82 billion from existing business as clients migrate from traditional rails. The primary threat is to core services like cross-border payments and collateral management.