A new report out of Research, Advocacy, and Standards brings forward a dispassionate review of the development of digital finance from the point of view of investment practitioners. 

The report, Cryptoassets: Beyond the Hype, establishes a series of recommendations for institutional investors and policymakers. CFA Institute believes that cryptoassets demand a strong and clearly defined regulatory framework to protect investors, and without such a framework, crypto will be unable to gain mainstream acceptance. The report distills the findings from interviews with investment professionals and crypto experts, and discusses three key emerging issues that the market will need to clarify before cryptoassets can progress from the perspective of investors: valuation, fiduciary duty, and the custody of assets.

The report offers an objective viewpoint about merits and risks that the crypto market poses to a typical investor, while highlighting the perils of a system where traditional intermediaries would no longer be responsible for guaranteeing and securing transactions, facilitating price formation, or raising capital.

The report offers recommendations for fiduciaries, investors, and policymakers We invite you to read the report and watch a segment featuring co-author, Olivier Fines, CFA, Head, EMEA Advocacy from his appearance on CNBC Europe.

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