A16Z Crypto · 19 September 2026 · Industry Analysis

Banks don’t need closed blockchains. So why do they keep choosing them?

A16Z Crypto

Financial institutions can build and transact on permissionless blockchains while satisfying BSA, AML, CFT, and sanctions compliance through risk-based controls at the application layer, not infrastructure ownership—a misconception driving costly adoption of permissioned alternatives.

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Topics: Crypto & Web3 · Banking & Capital Markets

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