During a recent panel at Ripple Swell in Miami, Erica Khalili, Lead Bank's co-founder and chief legal officer, emphasized the challenges banks face as they explore digital asset banking. Khalili noted that significant investment and a solid relationship with regulators are crucial for success in this sector. As many new banks enter the market, clear regulations and interagency collaboration are vital. Khalili highlighted the need for banks to meet regulatory expectations from the beginning, which can be daunting given the evolving nature of these regulations. Lead Bank adopts a three-pronged strategy: educating the public on crypto, demonstrating real-world use cases of digital assets, and cultivating patience as regulatory dynamics shift. While interest in digital asset banking is growing, the complexity and investment required make a cautious approach crucial for banks looking to succeed.

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