The writer is founder and chief executive of Everett Capital Advisors and chair and co-founder of Agio Ratings
Digital assets are going mainstream, turbocharged by recent endorsements from the US administration. If properly implemented, a more developed digital asset ecosystem could bring substantive benefits.
Yet even optimistic advocates must acknowledge that digital asset markets currently fall short in how counterparty risk is assessed. This must be addressed if digital assets are going to scale in global financial systems and provide lasting benefits to consumers.
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