Gearing up digital asset ecosystems

Written by Martin Watkins, CEO of Montis

The outcome of the US elections is poised to have a significant impact on the digital assets industry, according to one of Silicon valley’s biggest investors, Andreessen Horowitz, and the route to global adoption which, in other jurisdictions, has continued at a rapid pace since I published “Digital assets: accelerating adoption under the hood” only five months ago. In each instance, the successful adoption of digital assets clearly requires a core critical mass and ecosystem of financial institution and clients within either a single technology network or across interoperable technology networks. At the end of September, the Bank of England (BoE) and the UK Financial Conduct Authority (FCA) announced the official opening of the UK Digital Securities Sandbox (DSS) which originated in new powers granted to HM Treasury under the Financial Services and Markets Act 2023. Following industry consultation, the BoE and FCA implemented the following key policy changes to create the regulatory …