Are Financial Institutions Finally Adopting Crypto? | European Blockchain Convention 9

Wed, Oct 2, 2024, 12:00 AM

The panel discussed the incipient adoption of cryptocurrency by financial institutions, emphasizing diverse representation from custody, trading, research, and infrastructure-focused crypto companies. While noting heightened interest from banks, asset managers, and hedge funds, mainstream adoption remains nascent. Crypto's appeal lies in diversification and disruptive potential, yet hurdles include regulatory uncertainties, security concerns, volatility, and a lack of valuation models. Panelists underscored the necessity for institution-centric infrastructure, such as tailored custody and trading platforms. Regulatory clarity, security assurance, and developments like ETF/ETP approvals were seen as catalysts. DeFi, stablecoins, and tokenized assets were recognized for their potential, contributing to an overall optimistic outlook on institutional adoption. --------- Speakers: Nikou Asgari | Financial Times (Moderator) Manuel Nordeste | Fidelity Investments Christopher Siedentopf | Uphold Eliézer Ndinga | 21Shares Anya Nova | GK8 --------- The European Blockchain Convention is the most influential blockchain event in Europe. Follow us to find out more 👇 Linkedin: https://www.linkedin.com/company/euro.. Twitter: https://twitter.com/EBlockchainCon Instagram: https://www.instagram.com/eblockchain..