Digital Assets, the Future of the Traditional Financial Industry
According to reports, at the Web3 Hong Kong Carnival Summit held today, Luc Froehlich, the global head of Fidelity\’s digital asset solutions, stated at the roundtable forum that di
According to reports, at the Web3 Hong Kong Carnival Summit held today, Luc Froehlich, the global head of Fidelity’s digital asset solutions, stated at the roundtable forum that digital assets are more of an evolution of TradFi, and the digital assets behind technology empower us to do more with TradFi. Allowing the traditional financial industry to deliver its goals and provide consumers with services, not only services, but also digital assets. However, digital assets are only a part of this formula. We also need to see how new technology stocks are being established, and how the Internet of Things and artificial intelligence can analyze, use, and structure the collected information. The blockchain layer can create infrastructure to store and exchange this information, This brings value, which is the trend of the new technology stack gradually developing.
Fidelity Digital Asset Manager: Digital assets are more an evolution of TradFi
The digital asset market, with cryptocurrencies at its forefront, is a rapidly developing industry. Many people are still wary about investing their finances into digital assets, associating them with high risk and leaving them uncertain about the future of the traditional financial industry. However, according to reports from the Web3 Hong Kong Carnival Summit, the global head of Fidelity’s digital asset solutions, Luc Froehlich, stated that digital assets are more of an evolution of TradFi, and digital assets behind technology empower us to do more with TradFi. This article delves into the details of what Mr. Froehlich said and why the traditional financial industry needs to embrace digital assets.
The Role of Digital Assets
Luc Froehlich believes that digital assets are evolving TradFi, and even though they were created to stimulate a decentralized financial ecosystem, digital assets can still coexist with the traditional financial system. Traditional finance can harness the power of digital assets to deliver its goals and provide consumers with services, not only services but digital assets, thereby empowering the traditional finance system.
New Technology Stocks
Digital assets are only a part of the equation in the evolution of TradFi. Making significant progress in today’s fast-changing world requires a broad perspective, making substantial investments in new technology stocks of artificial intelligence and the Internet of Things. These technologies are important in analyzing, using, and structuring the collected information.
The Blockchain Layer
Furthering the establishment of infrastructure with the blockchain layer can create value, enabling the storage and exchange of collected information. Blockchain’s unique features of tamper-proofing, immutability, transparency, and decentralization can help improve the Traditional Finance industry’s security, efficiency, and transparency.
Conclusion
Digital assets and the blockchain layer are essential in the evolution of TradFi, even though they may sometimes be associated with high risks. Therefore, it is crucial for traditional finance to embrace the change, making significant investments in new technologies, and harnessing the power of digital assets to provide quality services and deliver its goals.
FAQs
Q1. What are digital assets?
A1. Digital assets are intangible assets that have value and can be traded or exchanged for goods and services; examples include cryptocurrencies such as Bitcoin and Ether.
Q2. How can the traditional financial industry benefit from digital assets?
A2. Digital assets can empower the traditional financial industry by improving security, efficiency, and transparency, thereby providing quality services and achieving its goals.
Q3. What is the blockchain layer?
A3. The blockchain layer is a unique feature of the blockchain technology that enables the storage and exchange of information in a secure, decentralized manner.
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