Chapter 20: Cryptoasset Portfolios The Next Wave Of Digital Asset Management

While cryptocurrencies had a rollercoaster year swinging wildly from all-time highs to fresh new lows, 2018 also was the year when new cryptoassets emerged and started to gain increasing attention among investors and participants. Over the past twelve months, the markets saw a fresh new wave of entrants—security token offering (STO) platforms, stablecoins and even established financial institutions took the plunge. From Nasdaq and Fidelity to the Gibraltar Stock Exchange and SIX Swiss Exchange, leading institutions entered the world of digital assets, announcing a variety of crypto related products and services. Separately, a recent research by Bitwise and ETF Trends revealed that around 79% of financial advisors received queries from their clients on cryptoassets and 22% of them were planning to start new allocation into such assets or expand their existing cryptoasset portfolio. How- ever, despite increasing interest and curiosity, cryptoassets continue to remain in the fringe and have yet to gain acceptance as a standard investment avenue.