Cryptoassets (or crypto) have garnered significant attention from the media, financial analysts, governments, regulatory institutions and investors over the last year and a half.

Crypto is defined broadly as digital units of account in which cryptographic techniques are used to regulate the generation and distribution of units on a blockchain. In practice, crypto means multiple things to different people: an investment asset class like commodities, a store of value like gold, a legitimate medium of exchange, a covert method of exchange, an immutable record of rights & ownership or even an incentive mechanism like rewards points.

Cryptoassets have potential. But to realize this potential, institutionalization is needed. Institutionalization is the at-scale participation in the crypto market of both traditional and emerging players within the global financial services ecosystem. We believe institutionalization is a necessary next step for crypto to create trust and scale.

So what steps should organizations take to start their crypto journey?

The paper addresses key areas including:

• The case for crypto and institutionalization

• Emergence of the tokenized economy

• Key challenges facing institutionalization of crypto

• A framework to building the capabilities that enables a crypto business to scale

 

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