Digital Asset Market Growth Expected in 2024 as Blockchain Applications Expand and Regulation Evolves
• Digital asset markets expected to grow in 2024 as more commercial blockchain applications launch and regulation facilitates adoption • Increasing involvement of traditional financial firms in digital assets over last year shows growing acceptance of benefits • Focus in 2024 will be on building scale and commercial value propositions around tokenization • Technology enhancements to improve collateral mobility, reduce settlement risks, and optimize capital/liquidity use • SEC approval of Bitcoin and Ethereum spot ETFs could draw more institutional investors into digital asset markets