I. The New Era of Blockchain Disrupting Capital MarketsCurrent Challenges in Financial Markets: High Costs and Low EfficiencyThe current global financial market is plagued by inefficiencies and exorbitant costs. Whether it's cross-border payments, clearing and settlement, or securities trading, traditional financial institutions often require hours or even days for processing. Moreover, the fees associated with payment systems are also criticized. For instance:Bank wire transfers can cost an ...