A recent study by management and financial technology consultancy Capco, indicates that traditional banks have the potential to lead the cryptocurrency industry, surpassing even established exchanges . The study which is titled “Demystifying the Adoption of Crypto Implementation and Digital Assets and the Risks for Banks” highlights the flourishing interest of banks in expanding their offerings and embracing crypto resources as part of the future financial system .
The Opportunity for Banks to Lead
Capco’s analysis indicates that banks view crypto assets as transformation projects that can generate returns and benefits . However the segment is still relatively new and volatile. It requires strong coordination between different areas particularly business and technology, to define viable use cases . With their regulated activities, trusted status and strong governance, regulated banks have the opportunity to leverage their value chains and lead in the crypto market, according to Alexandre Bueno, senior manager at Capco .
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