I spend most of my days focused on fixed income markets, but it’s hard to not get sucked into the digital assets conversation these days. This is an excerpt and link to a blog post a recently wrote that takes a practical view of the role digital asset technology is playing and could play in fixed income markets going forward.
From the blog:
I wouldn’t call myself a crypto skeptic. I fully appreciate the opportunities presented by distributed ledgers, smart contracts, Ethereum, and even some cryptocurrencies. Further, creating new infrastructures that allow institutions to trade cryptocurrencies safely or a new market structure that provides liquidity and transparency to private markets is smart. But I believe some of the ideas being thrown around to “transform” and “revolutionize” existing parts of the capital markets are solutions in search of a problem.