September 16, 2021
Markets

Recognizing the familiar in a financial paradigm shift

Despite doubts, concerns about valuations and volatility, digital assets will become mainstream

In June 2020, after more than 30 years working in the traditional custody business, I moved into the world of digital custody when I joined Hex Trust, a digital custodian based in Hong Kong, as a member of the advisory board. What excited me was the potential of the digital world to revolutionize capital markets and re-write the roles, the participants and the assumptions that exist in the traditional world. I knew it would be very different from what I had left. But I was also a little surprised similarities between old and new.

The participants in the two industries are quite different – traditional custody is dominated by the large banks and financial institutions with employees numbering in the tens or hundreds of thousands, whereas the digital world comprises mostly relatively small…

Read full article here: www.theasset.com