Well it’s a matter of perspective, isn’t it. The risk is low, but some people have 90% of their savings in bonds (either they bought ETFs or their pension funds own bonds with more or less the same brokers), so they probably wouldn’t mind to put at least part of them in something that’s tied to their actual account.
Not everyone needs crypto-represented assets, but I would like to own 10-20% of my shares in that form, just to balance it out a bit.
Also, in the US settlement is still 3 days and in some faster places 1 day (for stocks), so if I could get 60 minutes, I’d like that. Again, maybe just for a portion of my currently invested funds, but still.
Yes, that’s why they’re doing their own “dark crypto pool” thing.
Many individuals wouldn’t care since you don’t know who is behind a bitcoin (or other coin) address.
I own some silver (through blockchain tokens) and I can see my ownership on the Web, but not many people know that I own that address (the asset issuer does, of course, because of KYC/AML I had to ID myself).