In collaboration with Zodia Markets by Standard Chartered, the ACT recently conducted a survey regarding member views on digital assets, and this paper represents the findings.
The survey received over 80 responses, with 70% from businesses based in the UK and the remaining responses distributed across North America, Africa, and Europe.
Digital assets represent the migration of finance on to the open internet, which has been achieved by many other industries such as post (email), hotels (Booking.com), taxis (Uber) and mass retail (Amazon). This progression creates upheaval for many. For example, in the UK, newspapers transitioned from competing primarily on a national level to facing competition from global players like the WSJ, Straits Times and South China Morning Post. New technologies introduce new risks, but they also bring forth new opportunities. The ability to send money and assets with the same ease, low cost and speed at which one sends email presents a world of intriguing possibilities that should pique the interest of many treasurers looking to capitalise on these new opportunities.
