PitchBook分析师注：将数字资产和加密货币融入传统金融（英）-2023.10-13页

VIP专免

3.0 Susu2024 2024-07-23 92 16 282.69KB 13 页免费

侵权投诉

PitchBook Data, Inc.

John Gabbert Founder, CEO

Nizar Tarhuni Vice President, Institutional

Research and Editorial

Paul Condra Head of Emerging Technology

Research

Insiuional esearch roup

nalsis

Contents

Published on October 20, 2023

Publishing

EMERGING TECH RESEARCH

Integrating Digital Assets

and Crypto Into Traditional

Finance

PitchBook is a Morningstar company providing the most comprehensive, most

accurate, and hard-to-find data for professionals doing business in the private markets.

Despite the bear market, traditional financial institutions

forge ahead, investing in blockchain to redefine

financialecosystems.

Robert Le

Senior Analyst, Emerging

Technology

robert.le@pitchbook.com

Introduction 1

Key development areas 6

Custody 6

Tokenization 6

Payments 7

Investment funds 8

Blockchain infrastructure 10

Potential drawbacks and risks 11

Future outlook 13

Introduction

The growing crypto and digital asset market, once perceived as a high-risk,

speculative domain, has matured into a robust financial ecosystem. The advent of

decentralized finance (DeFi), stablecoins, and enterprise blockchain solutions has

not only expanded the industry’s reach but also significantly enhanced its utility

across myriad financial operations. Traditional financial institutions, which initially

approached the crypto space with skepticism and caution, have gradually shifted

their stance, recognizing the transformative potential of blockchain technology in

reshaping numerous facets of financial transactions, from payment processing to

asset management.

These traditional entities, which encompass a broad spectrum, including banks,

asset management firms, and financial market infrastructure providers, are

now actively exploring and implementing various strategies to integrate digital

assets and blockchain technology into their existing operational frameworks. The

burgeoning interest from traditional financial institutions in the crypto market is

not merely a passing trend but a strategic initiative, aimed at maintaining their

relevance and competitive edge in a rapidly evolving financial landscape.

Leveraging blockchain and digital assets can provide these institutions with a

new revenue stream, facilitate the diversification of investment portfolios, and

offer an avenue to introduce innovative products and services to their clientele.

Furthermore, blockchain technology, which underpins these assets, provides

a secure, transparent, and efficient mechanism to administer various financial

operations, including payments, settlements, and the execution of smart contracts.

PitchBook Analyst Note: Integrating Digital Assets and Crypto Into Traditional Finance

However, the integration of digital assets and blockchain technology into traditional

financial services is not without its challenges. Regulatory hurdles, technological

intricacies, security vulnerabilities, operational complexities, and market volatility

present challenges that both traditional institutions and emerging crypto startups

must navigate. Therefore, it has become imperative for these financial institutions

to develop and implement specific strategies to mitigate these risks. It is also

important to highlight the symbiotic relationship that can potentially develop

between traditional financial institutions and crypto startups. Traditional financial

institutions bring to the table decades of experience in navigating the complex

regulatory and compliance landscape, robust operational infrastructures, and a

vast clientele. On the other hand, crypto startups often bring innovative solutions,

technological prowess in blockchain systems, and a fresh perspective that can help

traditional institutions innovate and evolve in alignment with the latest technology

and client demand.

This report aims to provide an in-depth analysis of how traditional financial

institutions are developing strategies to expand into the crypto markets. We will

explore the latest market developments, potential opportunities for crypto startups,

drawbacks, and future outlook. The objective is to offer valuable insights for

venture capital firms looking to invest in crypto startups that have the potential to

collaborate with or be acquired by traditional financial institutions.

Source: PitchBook • Geography: Global

*As of September 29, 2023

$0.4

$1.3 $0.3 $1.1 $7.1 $6.1 $1.3

36 44

116

147

2017 2018 2019 2020 2021 2022 2023*

Deal value ($B) Deal count

Crypto VC deal activity with traditional finance participation

PitchBook Analyst Note: Integrating Digital Assets and Crypto Into Traditional Finance

Top traditional finance investors by number of crypto/blockchain

VC deals since 2017*

Source: PitchBook • Geography: Global

*As of September 29, 2023

Traditional finance firm Deal count

Franklin Templeton 19

The Goldman Sachs Group 12

Citigroup 10

JP Morgan Chase 8

Barclays 8

BNY Mellon 7

Monex Group 5

United Overseas Bank 5

UBS Group 5

Canaccord Genuity 3

MasterCard 3

Sumitomo Mitsui Banking 4

Nomura Holdings 4

BlackRock 4

Credit Suisse 4

Shinhan Bank 4

Mirae Asset Global Investments 4

TD Cowen 4

Baillie Gifford 4

NH Investment & Securities 4

Hanwha Investment & Securities Company 4

VanEck 4

研报加载中……请稍候！
如果长时间未打开，您也可以点击刷新试试。

下载研报到电脑，查找使用更方便

免费 16人已下载

立即下载 VIP免费下载

摘要：

1PitchBookData,Inc.JohnGabbertFounder,CEONizarTarhuniVicePresident,InstitutionalResearchandEditorialPaulCondraHeadofEmergingTechnologyResearchInsiuionalesearchroupnalsisContentsPublishedonOctober20,2023PublishingDesignedbyDrewSandersEMERGINGTECHRESEARCHIntegratingDigitalAssetsandCryptoIntoTra...

展开>> 收起<<

PitchBook分析师注：将数字资产和加密货币融入传统金融（英）-2023.10-13页.pdf

共13页,预览4页

还剩页未读，继续阅读