Chainlink founder Sergey Nazarov stated in an interview that the recent influx of buyers into the market comes from various departments of the global financial system, and he predicts that banks and other financial institutions will start actively participating and creating new RWA assets to compete with ETFs.
Global financial system entering the crypto market
The era of RWA is coming
Collaboration with Ark Invest to enhance transparency of spot ETFs
Recently, Chainlink founder Sergey Nazarov provided 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 has attracted a large number of new investors, which may accelerate the tokenization process of real-world assets (RWA) faster than initially anticipated 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 new buyer group. He emphasized the significant impact of the global financial system on the cryptocurrency market and stated 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 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 affects the global financial system. He believes that as a large amount of capital flows 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.
They may start creating and promoting their own tokenized assets to attract funds flowing into the cryptocurrency market through Bitcoin ETFs.
It is worth mentioning that asset management giant Ark Invest and 21Shares recently announced on Wednesday (29) that they will jointly verify BTC data by integrating Chainlink’s oracle platform, which will enhance the transparency and security of the ARK 21Shares Bitcoin spot ETF (ARKB). This move also makes Ark/21Shares the second Bitcoin ETF issuer to publicly disclose its holdings on the blockchain after Bitwise.