Diogo Mónica, co-founder of Anchorage Digital, a digital asset platform and infrastructure provider that deals with holdings, investments and infrastructure for cryptocurrency products, said institutions are increasingly asking questions about crypto assets with NFTs.
According to Mónica, many institutions are starting to turn to emerging digital asset areas to invest in, including NFTs.
Anchorage Digital will invest heavily in the financing business this year, Mónica said the company is working to support more crypto assets.
The company’s clients include government wealth funds, government agencies, crypto funds, miners, banks, asset managers and corporations.
Mónica said that nearly 90% of Anchorage’s conversations with institutional investors three years ago were about explaining what crypto is, and that this field goes beyond Bitcoin, sharing with clients the potential benefits of investing in cryptocurrencies. However, he noted that such discussions account for about 30% of the discussions held today.
Mónica added that institutions have some skeptical approaches to cryptocurrencies, but that approaches on this point are in the minority.
Anchorage Joins Alternative Investment Management Association (AIMA)
Anchorage announced on Tuesday that it is a member of the Alternative Investment Management Association (AIMA). announced that. He will contribute to AIMA’s first Digital Asset Retention Report, which will be published later this month.
Monica made the following statements on the subject;
“Representing crypto at AIMA is extremely important. Another step forward regarding incoming institutions, but from announcements like this it is clear that institutions are already here.”
Last year, an AIMA study found that 47% of traditional hedge funds representing $180 billion in assets under management have already invested or are considering investing more in crypto.
AIMA CEO Jack Inglis said in a statement;
“Anchorage represents some of the world’s largest and most renowned corporate clients, making them a fit for AIMA.”
Anchorage’s Goals for 2022
Mónica said that Anchorage will invest heavily in its financing business this year and seek to expand into Asia.
Anchorage Financing allows clients to use digital assets as collateral for crypto loans or dollar-denominated lines of credit. The Anchorage co-founder said that institutions lending crypto can earn returns of between 7% and 9%.
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