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

- Channel: [European Blockchain Convention](https://streameth.org/european-blockchain-convention)
- Date: 2024-10-09
- Duration: 37:18
- Topics: European Blockchain Convention, Blockchain, Self Sovereign Identity, institutional adoption, defi, tokenization, crypto, mass adoption, btc, etf, banks, stablecoins, tokenized assets
- Watch: https://streameth.org/watch/yt-lmoyLpQZjrg
- YouTube: https://www.youtube.com/watch?v=lmoyLpQZjrg

## Description

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.

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Speakers:
Nikou Asgari | Financial Times (Moderator) 
Manuel Nordeste | Fidelity Investments
Christopher Siedentopf | Uphold
Eliézer Ndinga | 21Shares 
Anya Nova | GK8

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