NEW YORK, October 4, 2021 / PRNewswire / – Bank of America launched its digital asset research today with the release of a report titled “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, Head of Global Cryptocurrency and Digital Assets Strategy.
Digital assets represent a market value of over $ 2 trillion with over 200 million users and have the potential to transform every industry by improving efficiency and reducing friction between transactions. Hundreds of companies are forming within this new ecosystem, creating a new asset class.
The Seed provides an investment framework for the digital asset landscape, looking through a variety of lenses: tokens that act like operating systems; applications powered by smart contracts; stable coins linked to fiat currencies; central bank digital currencies that could replace money; and non-fungible tokens that connect creators and fans in a different way.
“Bitcoin is important,” Shah said, “but the digital asset ecosystem is much more than that. Our research aims to explore the implications across sectors including finance, technology, supply chains, social media and games. “
“Digital assets are transforming the way markets, businesses and central banks operate,” said Candace Browning, head of BofA Global Research. “Bank of America offers a market-leading global payments platform and blockchain expertise, and the addition of digital asset research further strengthens the depth and breadth of our offerings for investors. “
Journalists interested in previewing the primer should contact BofA Global Research Media.
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individuals, small and medium businesses, and large corporations with a full range of banking, investing, asset management and financial products and services. other financial and risk management products and services. The company offers unparalleled convenience in United States, serving approximately 66 million personal and small business customers with approximately 4,300 retail financial centers, approximately 17,000 award-winning ATMs and digital banking services with approximately 41 million active users, including approximately 32 million mobile users. Bank of America is a global leader in wealth management, investment and investment banking and trading across a broad range of asset classes, serving businesses, governments, institutions and individuals across the whole world. Bank of America provides industry-leading assistance to approximately 3 million small business households through a range of innovative and easy-to-use online products and services. The company serves its customers through operations through United States, its territories and around 35 countries. Bank of America Corporation (NYSE: BAC) shares are listed on the New York Stock Exchange.
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Journalists can contact:
Melissa Anchan, Bank of America
SOURCE Bank of America Corporation