The company had been examining the potential for a blockchain-powered trading venue for around a year and reached an "inflection point" where it decided to take plans forward, Murray Roos, head of capital markets at the LSE Group, told FT in an interview. Blockchain is a digital ledger which records and verifies transactions.
The world's largest stablecoin, Tether, said on Monday its assets rose 5.7% to $86.5 billion in the second quarter of 2023, while it made more than $1 billion "operational profit", a 30% increase on the previous quarter. Stablecoins are a type of cryptocurrency which aim to keep a constant value and are usually backed by traditional assets such as dollars. Tether says there is $83.8 billion of its coin in circulation, which makes it the third largest cryptocurrency overall, according to market tracker CoinGecko.
A fresh wave of investors is veering away from the tried-and-true stocks and bonds, opting to venture into alternative assets. Gen Z and wealthy young investors are increasingly drawn to alternative investments rather than conventional choices. Based on a survey conducted by Lansons, it was found that less than 10% of the entire American population has invested in alternative assets. However, among the younger generations, there is a more significant interest in alternative investments, with 30%
These digital assets have taken the world by storm, offering a new way to invest and grow your wealth. But how do you balance traditional investments with this rapidly evolving market?
Secure investment picks? In times of volatility, it is the security of traditional assets that investors seek. And that is what the markets witnessed in FY23, with investors betting on assets like gold, fixed deposits and property, among others. Business Today magazine’s The Point gives an overview of how the various asset classes performed and what analysts are projecting for FY24. Watch this Visual Story to know more.