Banks Move Into Digital Asset Space: Storing digital assets was one of the topics at the Point Zero Forum Tuesday, with panelists discussing how both decentralized finance and traditional finance are providing… banksdigitalassetsmetacopointzeroforum
Counterparty risk and transparency are key concerns and market participants are asking for services from regulated custodians, president of crypto exchange OKX and CEO of Okcoin Hong Fang, said during a panel at the Point Zero Forum on advancements in custody solutions for widespread adoption.
Yet, regulation is also pushing blockchain further away from its initial premise of being decentralized, Metaco’s founder and CEO Adrien Treccani said. Metaco, which provides infrastructure solutions for institutional investors including large global custodians and banks, was bought by US industry giant Ripple in May for $250 million, as finews reported.Either we want the qualities of blockchain, such as giving the power to the individual, «or we want another top down system,» he said. The ideal being most likely somewhere in between.
In the aftermath of FTX, banks are reaping the benefits from this development as they win much of the custody services businesses, he added. Lily King, COO of institutional custody asset provider Cobo, has also seen more institutional demand for compliance, risk management and stability, since the crypto exchange collapsed last year.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Digitales Zentralbankgeld – SNB lanciert Pilotprojekt für digitale NotenbankwährungDigitales Zentralbankgeld: SNB lanciert Pilotprojekt für digitale Notenbankwährung: Das Projekt mit einer sogenannten Central Bank Digital Currency, kurz CBDC, soll die Chancen und die Risiken einer Digitalwährung für Geschäftsbanken aufzeigen.
Weiterlesen »
Blackrock Gives Bitcoin a Huge BoostBlackrock Gives Bitcoin a Huge Boost: After the frigid crypto winter, a thaw is setting in for Bitcoin & Co. Blackrock in particular has reignited interest in digital investment products, trading data shows. Bitcoin Blackrock
Weiterlesen »
Hoffnungsmarkt der Schweizer Asset Manager erleidet erste DelleHoffnungsmarkt der Schweizer Asset Manager erleidet erste Delle: Der Bärenmarkt macht vor Nachhaltigen Anlagen nicht halt: Das ist der aktuelle Befund der wichtigsten Schweizer Branchenstudie zu diesem Geschäft. Ebenfalls sind Fonds… SSF Nachhaltigkeit
Weiterlesen »
Swiss Asset Managers' Optimism Gets DentedSwiss Asset Managers' Optimism Gets Dented: The bear market isn't making exceptions for sustainable investments, according to the findings of a Swiss industry study. Funds with real impact are still in their infancy. SSF sustainability
Weiterlesen »
Philippe Bongrand: «We have ambitious goals in Switzerland»FNZ has been on an international shopping spree. Most recently, the provider of customized IT and regulated services for financial institutions and asset managers acquired companies in Germany and Luxembourg. There is enormous potential for organic growth in Switzerland, country ...
Weiterlesen »
Swiss Asset Managers' Optimism Gets DentedSwiss Asset Managers' Optimism Gets Dented: The bear market isn't making exceptions for sustainable investments, according to the findings of a Swiss industry study. Funds with real impact are still in their infancy. SSF sustainability
Weiterlesen »