This would not have large effects on the financial ecosystem; (ii) a group of core market players adopt DLT and gain a critical mass enabling whole market segments to shift to DLT; or (iii) a more revolutionary scenario of a peer-to-peer world without intermediaries emerges.
Many discussions around the benefits of DLT had the third scenario in mind, but from what we observe, real use cases on DLT seem to focus mainly on the first and second scenarios.