Bitcoin moves to enter institutional investors’ portfolios

In a partnership that seeks to accelerate the process for capital markets to adopt cryptocurrencies, a leading global payments and data software provider, FIS, has partnered with Fireblocks, a digital asset custody and transfer platform.

This move is focused on attracting institutional investments, because the cryptocurrency industry is having an increasing impact among investors.

According to a study by analyst and specialist Jack Neureuter, it is estimated that 69% of institutional investors in the United States alone are attracted to the idea of adopting digital assets as part of their investment portfolio.

Bitcoin is among the ten assets with the highest market capitalization globally, according to MarketCap figures, with an approximate value of 780 billion. An amount that exceeds the amount of giants such as META, the owner of Facebook, as well as VISA and Walmart.

FIS head of capital markets Nasser Khodri shared his thoughts on the matter:

“As digital currencies become more mainstream, capital markets firms will benefit greatly from a single destination to help them manage different digital asset classes.”

Meanwhile, Michael Shaulov, Fireblock’s CEO, added that this alliance will allow a faster way for FIS’ existing and potential institutional clients to incorporate digital asset trading into their investments. Above all, with the intention of beginning to take advantage of this market, which in addition to bitcoin, provides users with DeFi tools and a wide range of cryptoassets.

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

November last year, Spain attracted the world’s attention by being one of the first…
In a historic collaboration, whiskey producer Jack Daniels and Yahoo Creative Studios joined forces…
A few months ago the bitcoin exchange announced its bankruptcy; however, John Ray III,…