Executives from major Wall Street financial institutions including Citigroup, JPMorgan, and DTCC attended Miami Consensus 2026 and stated that blockchain-based tokenization technology is not remaining in the pilot phase but is quietly entering the commercialization stage. According to CoinDesk, they said during a panel discussion, "We believe that tokenization will not destroy bank transaction systems but rather improve them," and "Blockchain-based systems are actively operating, shaping how technology is deployed through real volumes and customers. While tokenization may not replace systems overnight, it is steadily reshaping their underlying structure."