There are some exciting developments in the digital capital
markets and payments space we can report on this week. First, one
of the world's largest asset managers has announced it will
offer cryptocurrency trading to its institutional clients. The
asset manager polled its institutional client base, the majority of
which wanted to trade directly in digital assets. Many of those
investors see the value in cryptocurrencies' having low
correlation with other asset classes.
One step forward, one step back: Bcause LLC, a crypto exchange
and mining startup, announced it is preparing to launch its spot
market near the end of May, and has also applied to the CFTC to be
a registered designated contracts market and clearing organization.
While this is good news for the company, it has now filed for
bankruptcy protection under Chapter 11 and is seeking to
restructure. Bcause hopes to exit its restructuring and take
advantage of what it hopes will be a significant rise
