FIDELITY INTERNATIONAL
interest in digital assets remains high , especially with recent gains in prices of bitcoin ( up 20 % in recent weeks ) and Ether ,” Bear says . “ Failures of centralised entities like FTX have prompted a ‘ flight to quality ’, which has benefited firms like Fidelity International . The increased focus on crypto by regulators around the world is leading to greater confidence in the asset class by institutions , and the innovation and low costs seen in DeFi protocols is prompting a wave of innovative proofs of capacity ( PoCs ) and pilots by leading banks , regulators and central banks , such as Projects Guardian ( MAS , JP Morgan , SBI ), Mariana ( BIS , SNB , MAS and Bank of France ) and SocGen Forge ’ s recent US $ 7m loan from the Maker Dao DeFi protocol .”
11 March 2023