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Greenwich Associates Examines the Widely Varying Views on Blockchain and Wall Street

Can bitcoin and the blockchain be mutually exclusive? Or are they forever inextricably linked?

That’s two questions market consultancy Greenwich Associates is now attempting to answer.

In a new report, Greenwich noted that the technology behind Bitcoin is coming to Wall Street, but few agree how it will arrive or what exactly it will achieve. It examined four of the most pressing questions about the introduction of digital ledger technologies into the complex and highly regulated world of institutional capital markets.
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“Exactly how the first successful implementations will look, what problems they will ultimately solve and how the technology originally created to transfer digital currency will translate in the highly regulated and complex world of Wall Street are all questions still up for debate,” said Dan Connell, head of Greenwich Associates Market Structure and Technology practice.

Venture capitalists have poured nearly $1 billion into blockchain and bitcoin startups, the report added, assuming that Wall Street will be attracted to the idea of saving hundreds of millions of dollars in processing costs.

 

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