Regulation, not code, is what's blocking banks from blockchain, Blockdaemon CEO says

The thing keeping big institutions off blockchain isn't the tech. That's the word from Blockdaemon's founder and CEO, speaking on stage at Stellar's Meridian 2026 event, as relayed by CoinDesk.

The executive, who posts on X as @konstantin11, put regulatory framing at the top of the list. In his telling, how the rules get written and explained matters more than what the software can actually do.

His second point landed on the industry itself. Providers need to learn how to work with institutions, he said — meaning the firms selling blockchain infrastructure have homework of their own to do.

It's a familiar gripe in crypto circles, but the setting makes it notable. Meridian is Stellar's flagship gathering, a room full of builders and enterprise types who spend their days pitching banks, funds and payment giants.

The takeaway is blunt: better code alone won't open the door. Getting the regulatory story straight, and meeting institutions on their own terms, will.