Digital asset securities firm Securitize has secured $48 million (€40.2 million) in funding from the likes of Morgan Stanley and other Wall Street firms ahead of its latest product launch.
Institutional interest in crypto assets has “skyrocketed” in 2021, according to trading data from crypto exchange platform Coinbase.
Standard Chartered has launched a digital asset trading service for institutional traders in the UK and Europe.
Ulrik K Lykke, executive director at alternative investment fund Ark36, asks whether the rise of central bank digital currencies could affect crypto asset investments.
Crypto hedge funds’ assets under management (AuM) almost doubled during 2020 and are set to increase further this year with a number of firms predicting that the price of bitcoin will break the $100,000 (€81,710) mark before the end of the year.
What role will bitcoin play in the future? According to WisdomTree’s Jason Guthrie, head of capital markets and digital assets, the cryptocurrency is like digital gold – but with a caveat.
Digital asset funds enjoyed a resurgence in the first week of May resulting in fund flows of $373 million (€308 million).
VanEck has launched an ETF on the London Stock Exchange targeting companies said to be driving forward the digital transformation of the economy with digital assets.
ETF specialist WisdomTree has added to its digital assets range with the launch of an ethereum exchange-traded product.
Fund managers must manage a seamless integration between office and home working in order to avoid damaging silos.
