In the last 3 years institutional custody has become a reality, and that’s because of regulatory changes on a local level, and with MiCA (EU’s proposed Markets in Crypto-Assets regulation) potentially also on a European level in the next 12 months. Blockchain technology will support traditional financial markets infrastructure, making it more efficient, allegated Simon Seiter, Head of Digital Assets at Deutsche Börse.
There is a huge interest in CBDC’s, agreed the professionals. Nevertheless, they won’t be issued in the form of a cryptocurrency due to regulatory issues.
“We’ve come from not really providing cryptocurrency services to being major players in this area” – David Creer, Global DLT and Crypto Lead at GFT Group.
To wrap up, our speakers claimed, if entities are willing to make a step forward and be part of the “DLT & Crypto infrastructure”, they will accomplish it. Achieving in 2030 full blockchain adoption.
Under other conditions, the only enterprises who won’t have much of a role to play in this “DLT Era” are the ones who are making profit from inefficiencies or corruption.