Jump on the Bandwagon of Digital Assets

Photo Credit: CoinDesk

Cadence, a New York start-up, an investment platform which pioneers the digitization of private debt using smart contract based on Ethereum blockchain. As the first digital financial instrument to be designated with Financial Instrument Global Identifier (FIGI), Candence's issuance can be researched and traded on Bloomberg's terminal. On the terminal a trader can view all Candence's issuances with different maturities. Cadence's products have been on private beta since January 2019.

What is a digital asset? It is an emerging class of asset, which is issued natively on blockchains or represented in tokenized format.

According to Fidelity Investments' recent survey, "about 22% of institutional investors already have some exposure to digital assets, with most investments having been made within the past three years. Four in ten respondents say they are open to future investments in digital assets over the next five years."

In addition to early institutional adopters, traditional investors such as family offices and endowments are jumping on the bandwagon. For instance, Harvard Management Company (HMC), MIT, Stanford, and Yale, have reportedly added exposure to cryptocurrency; Yale University's endowments, in particular, invested in two cryptocurrency funds, Andreessen Horowitz's first cryptocurrency fund, and in Paradigm, a new cryptocurrency fund, which Yale not only invested in but also assisted with fund-raising.