Blockchains ready for institutions, lawyers hesitate: DoubleZero CEO

DoubleZero CEO Austin Federa told Cointelegraph that blockchain tech is ready for institutions, but legal risk means adoption will take time to fully unfold.

While blockchain infrastructure may be ready for institutional use, many legal teams at big firms remain cautious about fully integrating the technology.

At the Token2049 event in Dubai, DoubleZero Labs founder and former Solana head of strategy Austin Federa told Cointelegraph that today’s high-performance blockchains like Solana are technically capable of supporting large-scale institutional usage. However, lawyers need to catch up.

“Most blockchains nowadays, especially things like Solana, are fast enough for institutions to use them,” Federa said. “It’s really more about the institutions and the institution’s lawyers getting comfortable with crypto.”