March 27th, 2024
That’s a wrap!
The Kaiko team had a whirlwind week in London for Digital Asset Summit 2024 among more than 1,500 crypto professionals, legislators, and industry pioneers.
On Monday, we invited our clients and partners for an evening of networking and French cuisine in the heart of Marylebone. On Wednesday, we co-hosted a moonlight mixer, alongside partners Bitstamp, Zebu Live, KYAX, Blockdaemon, and Arch. The evening was a resounding success, drawing together top industry players for networking, reflective conversations on the week’s events, and a touch of celebration with some bubbly.
Read our top takeaways from an insightful week of discussion:
ETFs and RWAs ignite institutional interest
The recent buzz surrounding Bitcoin ETFs has reignited wide scale interest and presents a narrative that traditional financial institutions can grasp. Several talks explored the ETF adoption curve, which is already well underway with Bank of America’s Merrill Lynch and Wells Fargo having reportedly begun offering some clients access to spot bitcoin ETFs.
In parallel, real-world asset (RWA) tokenization emerged as an enticing proposition for TradFi players. Yet, despite its appeal, regulatory complexities and associated risks still need to be further addressed to encourage widespread adoption.
Regulation is on the horizon
A big focus of the event was on regulation, specifically in the EU and UK regions. The European crypto market is well-positioned for growth in 2024 following a difficult year for the industry. With the passage of the landmark Markets in Crypto Asset Regulation (MiCA) framework in June 2023, EU regulators have distinguished the region as one of the world’s friendliest for crypto companies.
During a session, Lord Chris Holmes of the UK parliament added that the UK has an opportunity to lead in crypto regulation, learning from the experiences of other countries like the EU and the US.
Heading for a Bull Run?
Throughout the week of events, there was clearly a buzz in the air around the optimism surrounding the future of the digital assets industry. The entrance of big industry players like Blackrock, Fidelity, and Goldman Sachs into the space, underscores the heightened confidence among institutions to embrace the growing sector.
Missed us at DAS? The Kaiko team will be in Paris for Paris Blockchain Week next month, drop us a message to meet or grab a coffee.
Curious to learn more about Kaiko’s crypto data solutions? Browse our offerings, here.
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