Traditional finance has a long way to go before it's ready to embrace digital currencies, according to crypto executives.

Many companies are still focused on quarterly profits and shareholders, but that model is going to be challenged in the next decade, speakers at the "Digital Money 2030" panel at the Singapore Fintech Festival said Tuesday. Tim Grant, the CEO of SIX Digital Exchange, said the future financial system should benefit everyone.

"A bank that will not move this into their mainstream and be willing to give up a lot of their revenues now to secure their future will end up without a future," said Gigi Levy-Weiss, a general partner at NFX.

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