Turning Real Estate into a digital asset that is easily traded is the dream of many with a recent venture of Intercontinental Exchange called Bakkt bringing that dream a step closer to reality. Bakkt is making great strides towards securitizing tokens and bringing institutional financial exchange power to the cryptocurrency market. With lofty goals of offering a federally regulated market for bitcoin, this is a player to watch.
Depository Trust and Clearing Corporation in New York City, a company that operates as a third party in the business of securities trading, has plans to begin recording $11 trillion worth of credit default swaps in late 2018.
Fund manager Mark Yusko, chief executive and chief investment officer of Morgan Creek Capital Management, recently announced his firm’s partnership with Bitwise, a manager that offers cryptocurrency indexes and index funds, to launch the Digital Asset Index Fund. The fund’s minimum investment is $50,000. It tracks a new index: the Morgan Creek Bitwise Digital Asset Index (MCBDAI).
Decentralized Margin Trading and Lending platforms utilizing blockchain tech are starting to make entrances into the market with offerings from the bZx and MakerDAO communities already generating buzz.