Chainlink co-founder Sergey Nazarov has identified two primary factors driving traditional financial institutions towards blockchain adoption: the demand for tokenized products and the efficiency benefits of blockchain technology. Speaking on the subject, Nazarov highlighted that tokenization can occur independently of cryptocurrencies or decentralized lending, with examples such as UBS Group utilizing Chainlink's Runtime Environment. Nazarov pointed out that blockchain offers significant efficiency advantages, including 24/7 trading and improved collateral management. Additionally, he noted that the development of stablecoin legislation and the rise of tokenized deposits are enhancing on-chain purchasing power, further encouraging the integration of blockchain in traditional finance.