Unconfirmed reports are circulating online that Jeffy Yu, founder of the small-cap crypto project Zerebro, may have taken his own life during a livestream on Pump.fun on May 4. The video circulating on X appears to show Yu smoking a…

Zerebro founder Jeffy Yu reportedly suicides on livestream, after launching a ‘legacoin’

21shares has launched a regulated exchange-traded product (ETP) tied to the 
Cronos blockchain, enabling investors to gain exposure to the CRO token 
without directly managing crypto wallets or exchanges. 21shares Rolls Out 
Regulated Cronos ETP 21shares AG, a leading crypto ETP issuer, unveiled the 
21shares Cronos ETP (ticker: CRON) on Euronext Paris and Amsterdam, providing 
[…]

21shares Opens the Gate to Cronos With New ETP—But Only for Select Markets

## Why finance veterans are still skeptical about blockchain
_Blockchain has been part of the finance conversation for over a decade now. 
Yet many professionals remain cautious. _
Many seasoned professionals in finance, wealth management and economics often 
question blockchain&#8217;s relevance, asking, How exactly is blockchain supposed to 
fit into what we already do?
This question reflects a few key ongoing skepticisms about blockchain within 
finance.
### Uncertainty about practical applications
Blockchain offers some big promises: faster settlements, stronger security and 
better transparency. But actually applying those promises across banking, 
accounting and operations is still complicated.
A 2021 APQC survey identified the main hurdles: a lack of industry-wide 
adoption, skill gaps, trust issues, financial constraints and problems with 
interoperability. Even organizations that want to embrace blockchain often 
struggle to turn ideas into working solutions.
### Doubts about necessity
Some finance professionals aren&#8217;t convinced blockchain is necessary at all.
The same APQC survey showed trust issues and a lack of understanding as major 
reasons for the slow adoption. Without a clear and compelling return on 
investment (ROI), it&#8217;s tough to justify tearing up existing systems that, 
frankly, still work.
### Lack of understanding
Maybe the biggest obstacle? A lack of understanding.
A 2024 study revealed that only 13.7% of financial advisers engage with 
clients about cryptocurrencies despite increasing client interest and the 
approval of crypto exchange-traded funds (ETFs) between 2021 and 2024.
Moreover, while groups like the American Institute of Certified Public 
Accountants (AICPA) are trying to build frameworks for blockchain compliance 
and auditing, there&#8217;s no standard playbook yet. And without clarity, 
leadership teams are stuck.
This article will aim to address each of these skepticisms, ultimately 
providing an answer to how blockchain fits into finance in 2025.
_**Did you know?** Christina Lynn, a behavioral finance researcher and 
certified financial planner, highlighted in her 2024 Journal of Financial 
Planning article that many financial advisers dismiss cryptocurrency due to 
biases, fear and regulatory concerns despite growing investor interest. She 
urges advisers to educate themselves, adopt a balanced approach, and provide 
guidance to avoid client mistakes._
## The 2025 blockchain landscape: Key developments
_Unbeknownst to many, thanks to regulatory shifts, stablecoins gaining ground 
and major institutions building on-chain infrastructure, blockchain is moving 
from experimental to essential within finance. Below are the developments 
serving as key contributors in 2025._
### Regulatory shifts
The US Federal Reserve has relaxed its 2022 stance, no longer requiring banks 
to get explicit approval to offer crypto services. Similar signals from the 
Federal Deposit Insurance Corporation and the Office of the Comptroller of the 
Currency show that regulators are starting to treat blockchain as a legitimate 
tool.
At the same time, SEC Chair Paul Atkins is pushing for clearer, innovation- 
friendly crypto rules, moving away from vague enforcement tactics and toward a 
more structured regulatory framework.
### Stablecoin stampede
The stablecoin market capitalization has climbed to nearly $240 billion as of 
late April 2025, brushing up against an all-time high.
Regulators are also stepping up. In Europe, the Markets in Crypto-Assets 
(MiCA) framework is now fully live, laying down clear ground rules for crypto 
assets. For stablecoins, that means strict 1:1 reserve requirements and a 
crackdown on anything resembling an algorithmic model without real backing.
Meanwhile, in the US, lawmakers are making moves, too. The STABLE Act, 
reintroduced in March, proposes tighter oversight over stablecoin issuers and 
even suggests a two-year freeze on new algorithmic coins. Alongside it, the 
GENIUS Act aims to set up a whole new licensing system for stablecoins, making 
issuers meet banking-level standards for reserves, redemption rights and 
compliance.
The private sector isn&#8217;t sitting still either. Coinbase recently waived fees 
on PayPal&#8217;s PYUSD (PYUSD) transactions and now offers seamless USD 
redemptions. It&#8217;s a smart play to make stablecoins more visible in day-to-day 
finance.
And the uptake isn&#8217;t just happening in the US. In Asia, stablecoins are 
becoming a go-to for cross-border remittances because they&#8217;re faster and 
cheaper than traditional methods. In Latin America, they&#8217;re being used to 
hedge against local currency collapses; in Brazil, for example, stablecoins 
now make up over 80% of crypto transactions.
In different corners of the world, stablecoins are solving very real problems.
### Blockchain goes big
Projects like JPMorgan&#8217;s Kinexys and Citigroup&#8217;s permissioned blockchain 
platform show that major banks are actively investing in tokenization, digital 
asset settlement and blockchain infrastructure for global finance.
_**Did you know?** The global blockchain market is projected to reach $162.84 
billion by 2027, up from $26.91 billion in 2024._
## Blockchain in banking operations
_As of 2025, blockchain is helping streamline settlements, tighten compliance, 
and transform cross-border payments from a headache into a smooth operation. 
_
Here&#8217;s how:
### Real-time settlement and clearing
Moving money between banks &#8212; especially across borders &#8212; used to be a slow, 
messy process. Layers of intermediaries meant delays, high fees and plenty of 
room for errors.
By cutting out intermediaries and verifying transactions directly, blockchain 
enables near-instant settlement, slashing turnaround times dramatically.
In fact, JPMorgan&#8217;s Kinexys platform (part of its Onyx suite) now processes 
over $2 billion in daily transactions, using JPM Coin to settle payments 
across banks and currencies in real time.
It&#8217;s an example of a live system handling serious volume with the help of a 
blockchain.
### Enhanced KYC and AML compliance
Know Your Customer (KYC) and Anti-Money Laundering (AML) checks have always 
been necessary &#8212; but painfully slow and repetitive.
Blockchain offers a smarter way to handle them. A tamper-proof ledger allows 
banks to securely store and share verified customer information, speeding up 
audits and reducing compliance headaches.
Another real-world example from JPMorgan is Liink, which runs a blockchain- 
inspired service called Confirm, which helps banks validate over 2 billion 
bank accounts across more than 3,500 financial institutions, dramatically 
improving efficiency for KYC processes.
### Cheaper, faster cross-border payments
Sending money internationally used to take days and came with hefty fees.
With blockchain, transactions can settle in minutes, and fees are 
significantly lower.
Real-world moves:
 * **HSBC and Ant Group:** In 2023, they ran real-time HKD-denominated tokenized transactions under the Hong Kong Monetary Authority&#8217;s Ensemble Sandbox, giving businesses 24/7 cross-bank transfers. 
 * **Wells Fargo:** Implemented HSBC&#8217;s blockchain-based system for foreign exchange settlements, reducing risk and speeding up cross-border FX deals.
Even Deloitte estimates that blockchain could slash cross-border payment costs 
by 40%-80%, saving the industry up to $24 billion a year.
This all shows that banks are betting real money and real infrastructure on 
blockchain delivering real value.
_**Did you know?** Visa&#8217;s Tokenized Asset Platform (VTAP) allows banks to 
mint, burn and transfer fiat-backed tokens, such as tokenized deposits and 
stablecoins._
### Considerations for banks
Of course, blockchain isn&#8217;t a panacea. There are a few things banks need to 
keep in mind:
 * **Integration is critical:** Blockchain systems have to plug into existing core banking infrastructure. Full rip-and-replace projects aren&#8217;t practical (or cheap). 
 * **Training matters:** New systems won&#8217;t work if the people running them don&#8217;t know how. Banks need to upskill teams across compliance, operations and IT. 
 * **Customer experience comes first:** It&#8217;s not just about making internal processes faster &#8212; clients need to feel the difference, too.
Behind the scenes, accounting and auditing firms are also finding that 
blockchain can fix long-standing pain points. That&#8217;s what will be explored 
next.
## Blockchain in accounting and auditing
_Accounting and auditing might not be flashy headlines, but behind the scenes, 
blockchain is slowly changing how financial data is managed, verified and 
reported._
### Better data security and fraud prevention
With blockchain, once a transaction is recorded, it can&#8217;t be altered without 
consensus from the network. This built-in immutability drastically reduces the 
risk of tampering or fraud and strengthens the integrity of financial records.
### More transparency = better audits
Auditors no longer need to stitch together fragmented information from 
multiple systems. Blockchain provides a single, real-time, tamper-proof trail 
of transactions, making audits faster, more accurate and more reliable.
### Streamlined reconciliation and reporting
Blockchain simplifies day-to-day reporting, too. Instead of manually 
reconciling across different ledgers, authorized parties all have access to a 
shared, automatically updating record.
### Adoption challenges
Of course, it&#8217;s not all smooth sailing.
 * **Lack of standardization:** There&#8217;s still no universal rulebook for blockchain accounting. Groups like the AICPA and the International Accounting Standards Board are issuing early guidance, but without global standards, firms must tread carefully. 
 * **Integration woes:** Most firms still use legacy enterprise resource planning and accounting platforms that weren&#8217;t designed for blockchain. Integrating &#8212; or deciding when to overhaul &#8212; poses serious technical and financial challenges. 
 * **Regulatory uncertainty:** Regulations around digital assets and blockchain-based transactions are evolving fast. Firms must keep their internal controls and reporting practices agile to stay compliant.
_**Did you know?** The concept of triple-entry accounting, enabled by 
blockchain, adds a third component to traditional double-entry systems._
## Blockchain for CFOs and treasurers
_In 2025, blockchain is a practical tool for chief financial officers and 
treasurers looking to sharpen financial reporting, improve operational 
efficiency, and strengthen risk controls._
### Strategic applications
 * **Real-time financial reporting and analysis:** Blockchain&#8217;s tamper-proof, real-time data streams give CFOs instant access to financial performance. No more waiting for reconciliations &#8212; finance teams can forecast and pivot with live numbers at their fingertips. 
 * **Smart contracts for compliance and transactions:** Smart contracts automate routine processes like compliance checks and payment executions, reducing human error and ensuring agreements are enforced exactly as written. 
 * **Tokenization for capital raising and asset management:** Tokenizing assets such as real estate, equipment or equity opens new doors for raising capital and improving liquidity. Fractional ownership models also make it easier to access a broader investor base.
### Risk management considerations
While blockchain enhances security overall, it&#8217;s not invulnerable. Strong 
access controls, regular audits and active network monitoring are essential to 
protect systems and assets.
Organizations also need contingency plans in place, since blockchain networks 
can experience outages or latency issues; having off-chain fallback procedures 
ensures business continuity during disruptions.
Finally, CFOs and treasurers must stay actively engaged, working closely with 
legal teams and regulators to stay ahead of compliance risks and future-proof 
their operations.
## Best practices for blockchain compliance
_If you &#8216;re operating &#8212; or planning to operate &#8212; in blockchain environments, 
these practices should be at the top of your checklist._
### Establish robust internal controls
Managing digital assets safely demands stricter-than-ever internal controls. 
That means:
 * Segregation of duties 
 * Role-based access systems 
 * Rigorous transaction validation.
Without these safeguards, the risk of fraud or mismanagement climbs quickly.
### Engage with regulators early
Organizations that wait for final rulings often find themselves scrambling. 
Proactively building relationships with regulatory bodies helps you stay 
informed and adapt to early guidance.
For example, a licensed Swiss crypto bank, SEBA, engaged early with the Swiss 
Financial Market Supervisory Authority (FINMA) and became one of the first 
banks to secure a banking and securities dealer license in 2019. Its proactive 
compliance approach allowed it to operate both crypto and traditional assets 
legally in Switzerland.
In addition, the Crypto Valley Association (based in Zug) collaborates 
regularly with Swiss regulators to shape clear, forward-thinking crypto and 
blockchain policies. They&#8217;ve been instrumental in making Switzerland one of 
the world&#8217;s most crypto-friendly jurisdictions.
### Invest in ongoing compliance training
Blockchain regulation is in flux. Regular training ensures your finance and 
compliance teams are ready to adapt.
Everyone from junior auditors to senior compliance officers needs to stay 
fluent in blockchain fundamentals, regulatory updates and best practices.
By building these habits into your organization now, you&#8217;ll be better equipped 
in the long term.
## Actionable steps for finance professionals
_So, blockchain does have real use cases in finance; it is here to stay and 
needs to be firmly on your radar. _
Here&#8217;s how different finance professionals can start making smart, manageable 
moves today:
### For bankers
Focus on practical wins first.
Look for areas where blockchain can immediately improve operations, like 
speeding up settlements, streamlining compliance processes or making loan 
servicing more transparent.
Instead of jumping into a full blockchain overhaul, pilot small initiatives in 
targeted areas like trade finance or cross-border payments. This way, you can 
measure results with minimal risk.
Also, partnering with fintechs that specialize in blockchain infrastructure 
can accelerate your learning curve and implementation, letting you tap into 
blockchain benefits without rebuilding internal systems from scratch.
### For CPAs and auditors
Stay current with evolving standards &#8212; especially updated AICPA guidance on 
digital asset accounting and blockchain auditing.
Certified Public Accountants (CPAs) and auditors also need to build technical 
expertise because auditing blockchain records isn&#8217;t the same as auditing 
traditional ledgers.
You&#8217;ll need to understand:
 * How blockchain structures data 
 * How verification works 
 * What best practices apply to blockchain audit trails.
Moreover, don&#8217;t be afraid to advocate for blockchain adoption at your firm &#8212; 
especially when it can boost transparency, lower risk, and strengthen the 
credibility of financial reporting.
### For CFOs and treasurers
 When evaluating blockchain initiatives, look through a financial lens first. 
Consider:
 * How blockchain impacts cash flow 
 * How tokenization might affect your balance sheet 
 * How stablecoins or blockchain-based settlements could influence treasury operations.
If tokenization or stablecoin strategies are even on the horizon for your 
business, they should already be reflected in your three- to five-year 
strategic plans.
Also, don&#8217;t go it alone: Engage with peer networks, industry groups and 
blockchain-focused finance events. Real-world insights from other CFOs and 
treasurers can help you spot opportunities and avoid common early-adoption 
pitfalls.

What bankers, CPAs and CFOs need to know about blockchain

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