Winds of change looming as institutions embrace crypto assets

[ad_1]

TORONTO, Sept. 28, 2021 / PRNewswire / – Institutional interest in crypto assets is on the rise as blockchain-powered currencies frequently soar to new highs and lows. Aside from the volatility underlying these assets, investors are now closely monitoring rapid developments in the space.

Cryptos are a different asset class given that they are not listed on any particular stock market or part of any particular stock index. Unlike listed stocks and debt securities, crypto assets can be traded on dedicated crypto exchange platforms that operate without geographic boundaries or regulatory oversight.

Kalkine Media is closely watching the impact of crypto assets on the global investment scene following some recent developments.

Institutional players embrace crypto

Banks and big fintech companies are on their way to making crypto a mainstream investment class.

JPMorgan has provided its clients with access to funds from Grayscale Investments and Osprey funds. In total, the bank has cleared exposure to six crypto funds. Morgan Stanley also provides similar services. Canada became the first country in the world to approve and launch a Bitcoin ETF earlier this year.

S&P Dow Jones has launched cryptocurrency indices that track the price movement of Bitcoin and Ether.

Regulators appear cautious, but not hostile

The Office of the Comptroller of the Currency (OCC), a government agency that oversees the compliance of all domestic banks, recognizes banks’ custody and custody services for crypto assets.

Fed and SEC officials have raised the possibility of putting crypto assets under regulatory oversight. SEC Chairman Gary Gensler recently said Bitcoin could be a “catalyst for change.” Gensler pointed out that people have been “speculating on the value of gold” for millennia.

The road to follow

A change is brewing where global regulators are not completely rejecting or embracing crypto assets. In the midst of this, major banks and digital payments giants are jumping on the bandwagon. Gensler’s recent remarks were more inclined to regulate the space rather than any hard-hitting approach.

Kalkine Media aims to study and analyze the emerging crypto asset class and at the same time provide insight into the underlying risks and rewards. (www.kalkinemedia.com).

Contact[email protected]

SOURCE Lime Media

[ad_2]