Debanking in the US - Tradfi starts groundwork to shape the digital assets industry

The digital assets industry has seen a challenging year, contagion, debanking and a winter that's unrelenting. Not for all it seems. Increasing numbers of traditional finance players are entering the space and co-creating an industry with increased trust and innovation.

Despite the varying views, there are two certainties 1. The banking and crypto industry are intertwined 2. The digital assets industry is here to stay. This has created an opportunity for banks and asset managers to leverage innovation from the digital assets industry and create their own platforms while remaining within the regulatory frameworks of traditional finance - probably one of the biggest challenges in the digital assets industry that is being addressed by various bodies globally.

The direct consequence of the actions of the US and its aggressive stance against digital assets has seen the advancement of the industry in other jurisdictions. Research and Development hubs are being set up in destinations that appear to be crypto-friendly. Similarly, the lawmakers and governments of multiple countries are doing the work to ensure that they are leading the market on the road to digitization.

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