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Oct 12, 2022

America’s Unique Journey to Central Bank Digital Currency

Economies worldwide are pursuing the idea of a digital currency issued by central banks, with more than 80 countries acknowledging they are currently investigating the implementation of a central bank digital currency (CBDC). The U.S. recently announced they’ve also begun exploring a CBDC, although our journey will not follow exactly the same path. Going forward, much attention will be turned to the Federal Reserve; in mid-September 2022, the Treasury Department released a framework for regulating digital assets. According to Treasury Secretary Janet Yellen, one major objective is to “advance policy and technical work on a potential central bank digital currency, or CBDC."

Oct 3, 2022

The Next Evolution in Payments: Central Bank Digital Currencies

Crypto and distributed ledger technology (blockchain) continue to evolve at breakneck speeds. Governments also are fostering this discussion as they investigate implementing their own Central Bank Digital Currencies (CBDC). More than 80 countries around the world are researching or developing CBDCs, and are at various stages of the investigating process. On January 20, 2022, the U.S. Federal Reserve issued a discussion whitepaper highlighting the features/benefits/risks of such a payment system and acknowledged they are actively investigating it. Some governments have already postponed or canceled projects, while many are still investigating the pros and cons, and others have already launched their own digital currencies.

Jun 15, 2022

The Biden Administration’s Executive Order on Digital Assets

The starts and stops of digital asset regulation have started to congeal around an emerging scheme of regulation. The Biden Administration’s Executive Order on Ensuring Responsible Development of Digital Assets underscores this important development. The order calls for a broad review of digital assets and sets several objectives including consumer and investor protection, financial stability, mitigation of illicit finance and national security risks.

May 20, 2022

DeFi Compliance: The Future is Now!

Crypto went from obscurity to mainstream, encompassing traditional ones such as Bitcoin and Ethereum, to an expanded regulatory ecosystem of stablecoins, such as Tether and digital currencies, in which regulators globally are putting in place a regulatory structure—albeit not as fast, coherently, and innovation-friendly as some market participants would like. The much-entrenched crypto skepticism has yielded to crypto acceptance, whether from FOMO, greed, or YOLO; the reality is that cryptos—in one form (hopefully comprehensively regulated) or another—appear to be a growing asset class in the financial-investing ecosystem. That is the easy part; now begins the journey of navigating the thicket of regulations and regulatory actions that will surely follow from a variety of regulators.

May 12, 2022

Webinar Recap: Digital Assets and NFTs in Asset Management

With the total value of the market for digital assets approaching $2 trillion, it is natural and unsurprising that many investors are asking if digital assets should play a role in their portfolios. To answer that question though, we must first step back and ask how we determine which assets belong in a portfolio in the first place.

Apr 20, 2022

NFTs, Cryptos and the Fed

There is significant interest among retail investors in digital assets such as NFTs, cryptos of all types, and any firms in the crypto and NFT space. We’ve all seen stories in the Wall Street Journal and Bloomberg about animated pictures of monkeys and wolves selling for five, six, or seven-figure amounts, while cryptos ranging from Bitcoin to Solana sports total returns to investors in excess of 1000% over just the last two or three years.

Feb 28, 2022

The Rewards of Tokenization: Increased Speed and Reduced Costs

Driven by both investor demand for enhanced digital and data capabilities, and ongoing fee pressures, asset managers are increasingly taking an interest in tokenized funds. By utilizing blockchain networks to issue shares, fund managers hope to reduce the costs of operation and distribution while increasing assets under management and transforming the experience of their customers.

Feb 18, 2022

The Open Protocol’s New Crypto and ESG Requirements: Are You Ready?

Risk disclosure and transparency are fundamental requirements for asset managers, investors, and regulators alike. By enabling consistent and accurate reporting of regulatory capital, liquidity risk, and other risk factors, the Open Protocol Enabling Risk Aggregation (Open Protocol) has become the standard for risk self-reporting in the hedge fund industry.

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