CoinVoice has recently learned that on September 14, CoinVoice reporters reported on the Token2049 front line that Temasek Managing Director Pradyumna Agrawal said at the Token2049 "Institutionalization of Digital Assets" roundtable in Singapore: "Now we are talking about spot and spot-based ETFs. From an institutional perspective, I think there is a common theory that in every crypto bull market, you touch on different market effects. So you start with those who got involved first, and then you turn to those who benefit from cryptocurrencies, and then high net worth individuals and family offices. The prediction is that in the next wave, there will naturally be a large-scale phenomenon of institutional participation.
A lot of institutional engagement is in the context of traditional infrastructure. In that context, it's not just traditional infrastructure, but more transparent assets. So what's really needed here, in my opinion, is some kind of bridge between those two worlds, which is that if you want broad institutional engagement, you need to own the critical infrastructure.
This infrastructure will be used for risk management, for deploying other asset classes. Digitizing all the infrastructure, doing all these asset classes in some tokenized form. So can you get efficiency advantages? Can you get liquidity advantages? There are a lot of things that need to happen here to achieve broader institutional participation.
I emphasize again, I separate this from the question of whether institutions buy ETFs or buy and hold Bitcoin. I'm talking about the longer term. It's a very long and painful digitization workflow, tokenizing asset classes, can I cross-collateralize certain assets across capital? I feel like that infrastructure is being validated in different contexts, both on platforms and in cryptocurrencies. "[Original link]
