I have a confession to make….I’ve been studying crypto… not to invest in or speculate, but just to understand where the ecosystem is going… and here are some key findings…
In the last 6 months, the US regulators have blessed cryptocurrencies into legitimacy through a series of regulations like the GENIUS Act, Project Crypto from the SEC, the Clarity Act, etc., and all traditional finance companies like JP Morgan, Blackrock are now treating it like a regulated financial asset…
👉🏼 Stablecoins have been legitimised under the GENIUS Act – where the price of a US Stablecoin is linked to the US dollar such that it now becomes a legit (US govt recognised, non volatile) asset to engage in online and cross border payments
👉🏼 Companies like Visa, Mastercard, PayPal, Stripe and Shopify are all supporting stablecoin payments for merchants and users on their network… Bridge, a stablecoin infra company, was acquired for $1B by Stripe!
👉🏼 Walmart and Amazon are also thinking of launching their own Stablecoins, which is like think the currency you currently load on your Amazon Pay wallet…
👉🏼 BlackRocks’ Bitcoin ETF has crossed $80B under management in just 18 months… where it’s Gold ETF took 15 years to reach.
👉🏼 There is a new class of companies called Digital Asset Treasury companies that use their surplus capital to simply accumulate bitcoin…
It’s happening in India too, with companies like Jetking (The Ken did a piece on this recently, go read)
👉🏼 Circle, one of the two largest issuers of stablecoins, just IPOd and is worth $60B!
👉🏼 Real world assets like money funds, private credit and stocks, public stocks, gold, etc are tokenized on public blockchains like Ethereum and Solana…
The SEC, US’ capital markets regulator, has announced Project Crypto, creating regulatory exemptions for innovation in tokenized financial products.
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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of ’17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years.
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