A16Z Crypto · 19 September 2026 · Investment Thesis

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

A16Z Crypto

Banks can use permissionless blockchains for financial services without violating AML, sanctions, or financial integrity laws—regulatory frameworks focus on risk-based controls at the application layer, not infrastructure ownership, making closed blockchains unnecessary.

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Topics: Crypto & Web3 · Banking & Capital Markets · Fintech

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