Digital assets have gained steady recognition over the past several years. We believe that, under the right market conditions, digital assets have the potential to integrate with the broad economy and become an investable asset class in their own right. For that reason, we believe that digital assets merit proper monitoring as a distinct asset class.
There are many different types of digital assets. For example, Bitcoin, Ether and Litecoin are cryptographically secured, protocol-governed, and mostly non-centrally issued assets that can serve as stores of value, mediums of exchange, or technology investments.
“Cryptocurrencies”, such as those mentioned above, are just one type of digital asset, but are becoming increasingly important as distributed ledger technology gains acceptance, as illustrated by the Bank of International Settlements’ “Money Flower”.
The money flower: a taxonomy of money
Source: Bank of International Settlements
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