The Q2 research report by OKX and The Economist reveals that digital assets are rapidly attracting interest from institutional investors, with their market value projected to surpass $10 trillion by 2030.
Currently, the total value of the cryptocurrency market stands around $2 trillion.
The report highlights a growing shift in asset allocation toward digital assets, forecasting that institutional investors will boost their digital asset holdings from the current range of 1%-5% to 7% by 2027.
It notes that institutional investors are keen on expanding their portfolios beyond traditional cryptocurrencies to include new investment options such as mortgages, crypto derivatives, and tokenized bonds. However, it also points out that inconsistent regulation and fragmented liquidity could pose challenges to broader adoption.
The rising interest from investment firms and banks is driving the creation of new investment products, including exchange-traded funds (ETFs), exchange-traded notes, blockchain-based platforms utilizing decentralized Web 3.0 technology, and even crypto phones. Thijs van Boven, head trader for digital assets at VanEck, emphasized the growing demand for these products and their importance in addressing market needs.
Ataf Ahmed, CEO of Graphene Investments, remarked:
“As real-world assets become tokenized, digital assets will increasingly become a core part of most portfolios. Securities, bonds, and central bank digital currencies will eventually be integrated into blockchain technology.”
David Marcus, former head of Facebook’s Diem project, revealed that the initiative’s failure was largely due to political pressure, not regulatory issues.
The UK Court of Appeal has rejected Craig Wright’s bid to challenge a previous ruling in his legal fight against the Crypto Open Patent Alliance (COPA), affirming that he failed to prove he is Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
In the fast-paced world of memecoins, a significant blunder recently rocked the crypto community, involving a popular token creator.
Ripple Labs is preparing to launch its RLUSD stablecoin, which is pegged to the US dollar and backed by overcollateralized reserves.