Keith Coyne, Managing Director of US Digital Asset Product & Strategy for StoneX Digital LLC, said the rise of tokenized assets and stablecoins could dramatically change how collateral moves across financial markets.
The views reflected in this interview are the views of Keith and do not necessarily reflect the views of StoneX Group or other members of the global StoneX organization.
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In a conversation with TheStreet Roundtable's Alp Gasimov noted that StoneX shares have surged more than 50% over the past year and nearly 300% over the past five years, highlighting the firm's strong performance as it expands its presence across global markets.
Coyne said institutional demand is increasingly focused on stablecoins and tokenized money market funds — tools that could allow capital to move faster than traditional banking rails.
"I think we're really starting to see a much higher focus on things like stablecoins as collateral, tokenized money market funds, being able to see real-world assets moving to tokenization," Coyne said.
Stablecoins could modernize financial collateral
Collateral plays a central role in modern financial markets, particularly for derivatives trading, margin requirements, and lending between institutions.
Coyne said stablecoins and tokenized funds could dramatically speed up how that collateral moves across the system.
"We're seeing this shift towards 24-7 trading across the board and all asset classes," he said.
That shift is creating demand for new infrastructure capable of moving capital outside traditional settlement windows.
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"I think that's certainly increasing the demand for collateral movement outside of your typical banking hours," Coyne said.
Financial markets have already begun experimenting with new settlement speeds. In equities, for example, the U.S. market recently transitioned from T+2 settlement to T+1 — a move that shortened the time required to finalize trades.
Coyne believes blockchain -based assets could take that evolution even further by enabling near-instant settlement across markets.
A future of faster settlement and tokenized markets
Looking ahead, Coyne expects blockchain technology to play a growing role in financial infrastructure — particularly as institutions push toward faster markets.
"Some of the legacy systems are in dire need of upgrade," he said.
Cross-border payments, for example, remain slow and expensive under current systems.
"Things like cross-border payments clearly take way too long. There's too many fees that get taken out of the payments," Coyne said.
Blockchain rails could help reduce both settlement time and transaction costs, while also enabling markets to operate continuously.
"In 10 years down the line, I think we'll see a major upgrade in the speed at which we can move assets," Coyne said.
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Tokenization gaining traction with institutions
Coyne said markets may increasingly rely on tokenized Treasuries, tokenized real-world assets , and other blockchain-based instruments.
"Not just stablecoins and Treasuries — real world assets, tokenized equities, things of that nature," he said.
These instruments could allow investors to move collateral more efficiently across different markets and financial products.
While institutional adoption is still developing, Coyne believes the trajectory is clear.
"The institutions are coming," he said. "They're definitely here now, but I think the level of adoption is just scratching the surface."
This story was originally published by TheStreet on Mar 12, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
