A Market Overview of Custody for Digital Assets
The growth of the digital assets market has been indisputable with the industry’s estimated value reaching US$ 239 bn, as measured by total cryptocurrency market capitalization. Digital assets are already disrupting traditional financial services, and they have a key role to play in the future growth of the sector. Financial market participants and regulators of financial services will need to carefully consider digital assets in their strategic objectives before mainstream adoption. The Dubai International Financial Center (DIFC) and the Dubai Financial Services Authority (DFSA), together with financial services advisory firms such as Deloitte, are already adapting our business and supervisory practices to incorporate thought leadership in this exciting area of growth.
