In an interview with Cointelegraph reporter Joe Hall, David Olsson, head of global institutional distribution at BlockFi, revealed.shareHis insights into the state of leadership cryptocurrencies to use in the institute
BlockFi is a financial services company that offers retail wealth management products such as crypto loans and more, while for institutional investors. BlockFi’s proprietary platform will provide funding for capital efficiency, the ability to borrow coins for hedging and shorting, and an institutional trading infrastructure.
When asked about the exciting trends among institutional clients adopting crypto, Olsson said, “Of 80% of the top 50 hedge funds in the world we spoke to, They are all embarking on the crypto path, like starting a trading desk or investing in a crypto company run by 25 to 30 year olds who know how to manage risk.”
“It’s a real thing, early asset managers didn’t have a digital natural perspective for younger people. But we saw a lot of interest.”
Olsson said hedge funds have been preparing for some time to invest in crypto as the area’s liquidity and institutionalization have increased dramatically in recent years. According to a Fidelity study last year, 70% of financial institutions surveyed They plan to invest in crypto next year, while 90% say they plan to do so in the next five years. About 10% per year for US stocks So it becomes too big in terms of thinking people will ignore,” Olsson added.
But Olsson also pointed out that some institutions are 100% uncomfortable with crypto-liquidity countries not always having regulations to support it. “For the increased acceptance You must have institutional infrastructure, which means KYC , AML mechanism. [การต่อต้านการฟอกเงิน] which means financial transparency cyber security Everything that the customer cares about.”
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