Adoption can’t happen without practical cross-border cooperation, which will support the growth of digital assets while managing risks and ensuring regulatory compliance.
Opinion by: Elise Donovan, CEO of BVI Finance
Digital assets are on the rise. The market expects a softer approach to regulation following a surge in value. That has built on mainstream adoption, including a new United Kingdom pilot program to issue digital gilts and the launch of a multitude of exchange-traded funds by global asset managers.
As this growing momentum is unlikely to change anytime soon, the rise will drive further demand for a more profound and complex global financial ecosystem to support the proliferation and increasing number of use cases for digital assets. In turn, this creates opportunities for jurisdictions that can meet the unique needs of a new breed of business that delivers on the promise of decentralized finance (DeFi).
