EXCLUSIVE: Experts Foresee Blockchain Coexisting With Traditional Assets, Eye Trillions In Growth By 2030
Portfolio Pulse from Piero Cingari
At the Benzinga Future of Digital Assets conference, experts including Rajeev Bamra from Moody's Corp. (MCO) and Patrick Martinez from Northern Trust Corp. (NTRS) discussed the potential of blockchain to coexist with traditional assets and enhance transaction security and efficiency. They highlighted the growth in digital bond issuances and the evolving role of traditional financial institutions in the digital asset space. Martinez mentioned Northern Trust's partnership with Standard Chartered to establish Zodia, a cryptocurrency custodian. The panelists believe blockchain integration with the entire finance value chain is key to future growth, with predictions of trillions in growth by 2030.
November 14, 2023 | 6:33 pm
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Moody's Corp. is actively involved in the digital bond market, with its role evolving due to the sector's growth. The company is addressing operational and technological risks associated with blockchain.
Moody's involvement in the growing digital bond market and its focus on addressing blockchain risks suggest a positive outlook for the company as it adapts to new financial technologies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Northern Trust Corp. is engaging with blockchain through its partnership with Standard Chartered to establish Zodia, a cryptocurrency custodian, reflecting its belief in the cryptocurrency market's potential.
Northern Trust's partnership to create a cryptocurrency custodian and its active participation in the digital asset space indicate a strategic move to capitalize on the growth of blockchain technology.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80