The cryptocurrency market must strengthen its security and legal regulatory framework in the wake of recent DeFi hacking incidents, said Angus Fletcher, Global Head of Digital Assets at U.S. asset management firm State Street. At the Consensus 2026 event, he emphasized, "The industry urgently needs to find solutions before trillions of dollars worth of real-world assets (RWA) flow onto the blockchain. From an institutional perspective, interoperability between blockchains must be clearly defined, and it must be clear how legal ownership and rights are established when tokens move between different chains." Industry stakeholders, including MORPHO, also cited enhanced security due diligence and the resolution of accounting uncertainties as key requirements for institutional entry.
