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As the Benefits of Digital Assets Become Harder to Ignore, What’s the Path Forward?
Lisa Iagatta, Isitc chair, says financial institutions have an opportunity to create more efficient processes in areas such as trade settlements through the use of digital assets.
Lisa Iagatta
In October, the payments platform Square brought renewed attention to digital assets when it bought 4,709 bitcoins, which represented about 1% of the company’s total assets at the end of the second quarter. The significance of this move should not be overlooked: Square’s move points to a potential looming trend about how digital assets will reshape financial services, especially in the midst of the current economic conditions brought by the global pandemic.