Chainlink founder Sergey Nazarov said in an interview that the recent influx of buyers into the market comes from various departments of the global financial system. He predicts that banks and other financial institutions will start actively participating in the market and create new Real World Asset (RWA) assets to compete with ETFs.
(Global Financial System Enters the Cryptocurrency Market
The Era of RWA is Coming
Collaboration with Ark Invest to Enhance Transparency of Spot ETF)
Recently, Chainlink founder Sergey Nazarov gave a deep analysis of the future development of the cryptocurrency market in an interview with Bloomberg. He pointed out that the current market is unique because it attracts a large number of new investors, which may accelerate the process of tokenizing real-world assets (RWA) faster than initially expected by the industry.
Sergey Nazarov mentioned that the recent investors entering the cryptocurrency market are not just retail investors reacting to mainstream media reports. In fact, these new buyers come from various departments of the global financial system, forming a large group of new buyers. He emphasized the significant impact of the global financial system on the cryptocurrency market, stating that this is an important turning point.
On the other hand, Sergey Nazarov also mentioned the recently approved Bitcoin spot ETFs, which not only mark the further legalization of the cryptocurrency market but also provide a more convenient way for funds to enter the market. This new approach makes it easier for funds to flow into the cryptocurrency market, contributing to the maturity and expansion of the entire market. He said:
In further discussions, Sergey Nazarov emphasized the importance of asset tokenization and how this trend is affecting the global financial system. He believes that as a large amount of funds flow into the cryptocurrency market through Bitcoin ETFs, banks and other financial institutions will start actively participating and creating new assets to compete with ETFs or attract more capital.
It is worth mentioning that asset management giant Ark Invest and 21Shares announced on Wednesday (29th) that they will jointly verify BTC data through the integration of Chainlink’s oracle platform. This action will enhance the transparency and security of ARK 21Shares Bitcoin Spot ETF (ARKB). This practice also makes Ark/21Shares the second Bitcoin ETF issuer to publicly disclose its holdings on the blockchain after Bitwise.
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