While blockchain infrastructure may be prepared for institutional use, many legal teams in large companies remain careful about the entire technology integration.
In the event of Token2049 in Dubai, the founder of Doublezero Labs and Former Solana Head of Strategy Austin Federa told Cointelegraph that high-performance blockchains today such as Solana are technically capable of supporting large-scale institutional use. However, lawyers still need to meet.
“Most blockchains today, especially things like Solana, are fast enough for institutions to use,” Federa said. “It’s really more about institutions and institutional attorneys that are comfortable in crypto.”
Federa added that institutional lawyers and compliance teams are still responding to regulatory concerns. The executive said this could slow the adoption despite the growing clarity of regulation in major markets such as the United States.
Institutions will come; They just move slowly
According to Federa, technical infrastructure is no longer a major barrier for large companies. Tools required to support enterprise-scale activity on networks such as Solana are in place:
“Especially in networks such as Solana and other fast networks, the infrastructure is now present for the high cost of institutional adoption.”
While members of the crypto community may feel like the institution’s adoption should be bigger than this, Federa said these organizations are not fast in monitoring new technologies.
“The institutions are on board, but they just move,” Federa told the cointelegraph. “People expect these massive institutions to move fast, but that’s not all that is good for them.”
Until the legal departments are fully satisfied with the risk controls and compliance structures, Federa said significant adoption can open a little.
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Participation of Crypto infrastructure institution
Federa also featured a growing flow of institutional involvement in the crypto infrastructure space. He said bare infrastructure providers and venture capital companies offered financial support and contributed an actual fiber infrastructure to the doublezero.
This kind of promise could hardly imagine a few years ago, he said. “Most of those companies two years ago did not have any interest or thought it was too legal to take something and contribute fiber to it.”
Unlike running a validator node, removing fiber and infrastructure is a major promise. Federa said institutional players now provide serious resources to crypto-native projects reflect a transition to how traditional finances view the sector.
Despite this, he acknowledged that as the institutional adoption grew, the broader crypto product landscape was not fully old. “The products are not there for the most part,” Federa said.
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