In theory, this works, as both the crypto asset and the precious commodity are used as a macro hedge against inflation, and the devaluation of fiat currency and traditional equities in tricky markets.
But, the data is often unclear and as a whole, shows shifting sands in terms of direct correlation.
Take Kraken’s June 2020 report, for example. The crypto exchange, which has been celebrating its newly-found status as the first of its kind to win a US banking license, noted that Bitcoin’s connection to the price of
Indeed, the crypto exchange noted on 8 September that Bitcoin’s rally to an intra-month high of $12,480 coincided with NASDAQ tech giant, Microstrategy buying $250m of the cryptocurrency.
Two weeks later, the mobile app firm doubled down, purchasing a further $175m of Bitcoin, taking its total holdings to 38,250 BTC. Founder Michael Saylor tweeted: “On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.”
That Saylor is an alumnus of noted US university MIT is no accident: this technical background may have attracted him to Bitcoin, but it is the asset’s performance this year which is the real sell.
Bitcoin’s strong Spring 2020 recovery while gold and silver limped upwards and crude oil crashed? Manna from heaven for early adopters. Bloomberg figures confirm that Bitcoin is by far 2020’s best performing asset, up 66% and beating gold into second place.
Cryptocurrency does of course now boast an advantage that gold does not: yield.
With the growing adoption of DeFi, users can stake their cryptocurrency and receive a yield in return, ranging anywhere from 6.8% to over 12% for stablecoins. This is an incredible return when set against the 0.5% or less for long-term US Treasury bonds. And of course the 0% return from gold bullion bars stacked in a vault somewhere. A more popular way of buying gold is through price trackers like Exchange Traded Products, of course, but you get the idea.
DeFi as a sector is white-hot right now: the total value locked in smart contracts enacting these kinds of payment systems and loans now exceeds $11bn, up from $691m just nine months ago. Money is clearly flooding into the space.
So a more interesting question than the correlation between these stores of value now presents itself: which will reign supreme in the years to come?
With more major economies now backing negative interest rates this leaves investors basically paying banks to hold their cash, and with central banks amplifying and extending massive quantitative easing programs, capital flight away from bonds in the hunt for yield is likely to turn closer to Bitcoin than it is to gold.
Gold prices have now retraced from their record-breaking all-time highs north of $2,000 per ounce, settling around $1,800. But, analysts like Bank of America expect this lull is temporary, and in a scorching indictment of unfettered central bank money printing, suggested gold would hit $3,000 per ounce inside 18 months.
Saylor and Microstrategy? Perhaps they denote the crest of a wave of institutional investors moving away from simply buying gold as a safe haven, instead looking at the world’s largest cryptocurrency as their first port of call in stormy markets.
Late September 2020 analysis by British broadsheet, The Guardian flags up a weakening economic recovery in the UK, even before the onset of a much-feared ‘second wave’ of coronavirus infections.
Journalists at the paper describe their data-screening as a kind of early warning alarm of a double-dip recession, which itself could cripple large investors’ share portfolios and send pension funds running for safe havens once again.
2012 was the UK’s last double-dip and before that the catastrophe of the 1970s.
Never Lose Money
The issue for large money managers is this: how can they come out of an economic crisis in a reasonably rich position?
As legendary investor, Warren Buffett once noted, the absolute rule number one in investing is: Never lose money. Rule number two? Never forget rule number one.
The 90-year-old was left $23bn poorer from the value destruction of the 2008 financial crisis. His holding company, Berkshire Hathaway — market cap now over $500bn — even suffered the indignity of losing its AAA counterparty credit rating from S&P, making it incrementally more costly to borrow money.
This is the kind of financial disaster that pension funds and institutional investors fear.
It may indeed be what they face if they do not hedge properly against a long, slow global recovery made up of years of currency deflation, high unemployment and stock market value obliteration.
This is certainly what the IMF has told us will happen, repeatedly. Their World Economic Outlook has become bleaker the longer 2020 has run on. And indeed their next report is due out in the next couple of weeks. One suspects the news will not suddenly get better for global growth.
Bigger, Stronger, Faster
The answer to our query may lie in some serious recent regulatory developments from the world’s largest economies.
Nigeria boasts Africa’s largest GDP, of more of $400bn. Only eight of the continent’s 54 nations have people rich enough to make the Forbes Global Billionaires List. Nigeria is one of them.
In September its regulators opened the floodgates to clearly define crypto assets as securities. As we know, regulatory clarity leads to faster innovation and more investment.
Switzerland, a known store of value for the world’s richest in its aged private banking network, this month overhauled its legal code to set new standards for crypto trading.
A leaked report revealed the EU plans to put a Europe-wide cryptocurrency regulatory framework in place by 2024. In the US, 49 state banks agreed on common rules for dealing with cryptocurrency, and lawmakers put forward the first real comprehensive national crypto regime in the Digital Commodity Exchange Act of 2020.
More is coming. Bitcoin is moving faster than gold. I know where I would hedge right now, and it is not in the yellow metal.
In theory, this works, as both the crypto asset and the precious commodity are used as a macro hedge against inflation, and the devaluation of fiat currency and traditional equities in tricky markets.
But, the data is often unclear and as a whole, shows shifting sands in terms of direct correlation.
Take Kraken’s June 2020 report, for example. The crypto exchange, which has been celebrating its newly-found status as the first of its kind to win a US banking license, noted that Bitcoin’s connection to the price of
Indeed, the crypto exchange noted on 8 September that Bitcoin’s rally to an intra-month high of $12,480 coincided with NASDAQ tech giant, Microstrategy buying $250m of the cryptocurrency.
Two weeks later, the mobile app firm doubled down, purchasing a further $175m of Bitcoin, taking its total holdings to 38,250 BTC. Founder Michael Saylor tweeted: “On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.”
That Saylor is an alumnus of noted US university MIT is no accident: this technical background may have attracted him to Bitcoin, but it is the asset’s performance this year which is the real sell.
Bitcoin’s strong Spring 2020 recovery while gold and silver limped upwards and crude oil crashed? Manna from heaven for early adopters. Bloomberg figures confirm that Bitcoin is by far 2020’s best performing asset, up 66% and beating gold into second place.
Cryptocurrency does of course now boast an advantage that gold does not: yield.
With the growing adoption of DeFi, users can stake their cryptocurrency and receive a yield in return, ranging anywhere from 6.8% to over 12% for stablecoins. This is an incredible return when set against the 0.5% or less for long-term US Treasury bonds. And of course the 0% return from gold bullion bars stacked in a vault somewhere. A more popular way of buying gold is through price trackers like Exchange Traded Products, of course, but you get the idea.
DeFi as a sector is white-hot right now: the total value locked in smart contracts enacting these kinds of payment systems and loans now exceeds $11bn, up from $691m just nine months ago. Money is clearly flooding into the space.
So a more interesting question than the correlation between these stores of value now presents itself: which will reign supreme in the years to come?
With more major economies now backing negative interest rates this leaves investors basically paying banks to hold their cash, and with central banks amplifying and extending massive quantitative easing programs, capital flight away from bonds in the hunt for yield is likely to turn closer to Bitcoin than it is to gold.
Gold prices have now retraced from their record-breaking all-time highs north of $2,000 per ounce, settling around $1,800. But, analysts like Bank of America expect this lull is temporary, and in a scorching indictment of unfettered central bank money printing, suggested gold would hit $3,000 per ounce inside 18 months.
Saylor and Microstrategy? Perhaps they denote the crest of a wave of institutional investors moving away from simply buying gold as a safe haven, instead looking at the world’s largest cryptocurrency as their first port of call in stormy markets.
Late September 2020 analysis by British broadsheet, The Guardian flags up a weakening economic recovery in the UK, even before the onset of a much-feared ‘second wave’ of coronavirus infections.
Journalists at the paper describe their data-screening as a kind of early warning alarm of a double-dip recession, which itself could cripple large investors’ share portfolios and send pension funds running for safe havens once again.
2012 was the UK’s last double-dip and before that the catastrophe of the 1970s.
Never Lose Money
The issue for large money managers is this: how can they come out of an economic crisis in a reasonably rich position?
As legendary investor, Warren Buffett once noted, the absolute rule number one in investing is: Never lose money. Rule number two? Never forget rule number one.
The 90-year-old was left $23bn poorer from the value destruction of the 2008 financial crisis. His holding company, Berkshire Hathaway — market cap now over $500bn — even suffered the indignity of losing its AAA counterparty credit rating from S&P, making it incrementally more costly to borrow money.
This is the kind of financial disaster that pension funds and institutional investors fear.
It may indeed be what they face if they do not hedge properly against a long, slow global recovery made up of years of currency deflation, high unemployment and stock market value obliteration.
This is certainly what the IMF has told us will happen, repeatedly. Their World Economic Outlook has become bleaker the longer 2020 has run on. And indeed their next report is due out in the next couple of weeks. One suspects the news will not suddenly get better for global growth.
Bigger, Stronger, Faster
The answer to our query may lie in some serious recent regulatory developments from the world’s largest economies.
Nigeria boasts Africa’s largest GDP, of more of $400bn. Only eight of the continent’s 54 nations have people rich enough to make the Forbes Global Billionaires List. Nigeria is one of them.
In September its regulators opened the floodgates to clearly define crypto assets as securities. As we know, regulatory clarity leads to faster innovation and more investment.
Switzerland, a known store of value for the world’s richest in its aged private banking network, this month overhauled its legal code to set new standards for crypto trading.
A leaked report revealed the EU plans to put a Europe-wide cryptocurrency regulatory framework in place by 2024. In the US, 49 state banks agreed on common rules for dealing with cryptocurrency, and lawmakers put forward the first real comprehensive national crypto regime in the Digital Commodity Exchange Act of 2020.
More is coming. Bitcoin is moving faster than gold. I know where I would hedge right now, and it is not in the yellow metal.
Schwab Aims Crypto Custody at Its $5 Trillion Advisor Channel by 2027
Featured Videos
Precious Insights: APAC's Bullion Market amid Record Volatility
Precious Insights: APAC's Bullion Market amid Record Volatility
Precious Insights: APAC's Bullion Market amid Record Volatility
Precious Insights: APAC's Bullion Market amid Record Volatility
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
The precious metals rally has challenged how brokers and LPs think about hedging, pricing, and physical delivery. But with regional banks eyeing physical gold retail and bullion brokers across Southeast Asia harnessing new tech, volatility is not only in 'safe havens'.
This session gathers practitioners from across the bullion ecosystem to unpack what the rally means on the ground in APAC.
Attendees will walk away with:
Insight into the physical market dynamics driving retail demand across Southeast Asia, from central bank buying to store-of-value purchases
Understanding of Singapore's distinct role as APAC's bullion gateway, and competition near and far
Perspective on operational challenges unique to APAC: kilogram pricing, local delivery, and bridging CFD and physical bullion infrastructure
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
License to Fill: Market Liquidity amid Global Turmoil
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Asian markets bear unique characteristics, from connectivity to asset preference. The Singapore Summit will connect global executives and local experts across the liquidity chain to discuss volatility fluctuations, diversification vs over-reliance on single assets, and the role of trust and liquidity relationships in an increasingly automated sphere.
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Regional Focus: Thailand, Vietnam
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Bangkok is consolidating as Southeast Asia's broker hub for CLMV access, while Vietnam's trading volumes have made it harder to ignore from any regional headquarters. Most brokers know both exist. Fewer have tested what operating there actually requires.
This session gathers practitioners with on-the-ground experience in both markets to examine what it takes to build and run operations in Thailand and Vietnam.
Attendees will walk away with:
A clear view of setup requirements in both markets: entity structures, timelines, and what first-time operators tend to get wrong
Understanding of the offshore broker model and how compliant operators work within domestic restrictions in each jurisdiction
Insight into talent acquisition, client onboarding, and distribution in markets where language, culture, and acquisition channels don't follow standard APAC assumptions
Perspective on adjacent Southeast Asian markets worth monitoring for the next regional move
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
Join The Club: What Premium Clients Want
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
High-net-worth traders account for an outsized portion of revenues for various retail brokers.
This session will gather heads of premium, acquisition, and product experts to reveal how they build their client base in Asia.
Attendees will walk away with:
Understanding of how brokers view premium clients (beyond deposit size).
Insight into which services, products, and benefits increase trust and LTV.
Examples of offerings that scale without inflating cost or operational burden.
Lessons from leading brokers on growing premium segments and what’s next.
Buying The Deep: Digital Asset Adoption in APAC and Beyond
Buying The Deep: Digital Asset Adoption in APAC and Beyond
Buying The Deep: Digital Asset Adoption in APAC and Beyond
Buying The Deep: Digital Asset Adoption in APAC and Beyond
Buying The Deep: Digital Asset Adoption in APAC and Beyond
Buying The Deep: Digital Asset Adoption in APAC and Beyond
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
The persisting price drops test the industry's commitment to crypto adoption. While on-chain innovation is making headway across market mechanics, from stablecoins to tokenization, investors remains cautious.
This session brings together market structure experts and institutional investors to explore how a prolonged bear market affects their long-term strategy, and where the opportunities lie ahead of the next cycle.
Attendees will walk away with:
First-hand account of the bear market's impact on various industry players
Understanding of what custody, connectivity, and settlement gaps still hamper growth in APAC
Insight into how client mandates and operational readiness are shaping who moves and who waits
Perspective on what institutional investors need to move toward actual digital asset capital deployment
