Published on May 17th, 2018 | by bitcoin0
Fintech Strategist Claims it is Imparative for Investment Advisors to Get Savvy on Crypto and Blackchain
Global Director of fintech strategy at Autonomous Research Lex Sokolin said that investment advisors need to familiarize themselves with crypto and its underlying technology, however sceptical they may be, in an interview with CNBC May 16.
The traditional financial sector has historically been distrustful of the emerging crypto industry, with major Wall Street banks such as Merrill Lynch banning their financial advisors from buying Bitcoin-related investments for their clients.
Investment banking giant Goldman Sachs announced it would offer certain contracts with Bitcoin exposure, before rumoredly offering crypto trading.
Beyond the US, Japan-based global investment bank Nomura revealed a digital asset custody solution for institutional clients yesterday.
Blockchain has made similar headlines this week, with Amazon Web Services, the tech giant’s cloud computing arm, launching a partnership with a ConsenSys’ blockchain startup to offer simplified blockchain cloud platforms to its clients.