Chris Rhine, the Managing Director of Galaxy, stated at the "Institutionalization of Digital Assets" roundtable at Token2049 in Singapore: The original cryptocurrency investors are very concerned about decentralization, but when you really want to expand a technology, you need to provide protection for users. My view is that to truly make cryptocurrencies mainstream, more centralization needs to be introduced.

This helps to establish trust with users, and if there are problems, someone will stand by them, rather than a completely decentralized system where they only worry that no one will help them. I believe that in the next five to ten years, we will see more and more companies and enterprises enter the cryptocurrency field, sitting on top of decentralized blockchains, but they will establish protective measures around their services and products. This helps to provide insurance terms for users and larger institutions, letting them use them with confidence and letting them know they will be supported.