BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Citi Survey Highlights Growing Interest in Blockchain Amid FTX Challenges

by Dan K
Aug 24, 2023 - 10:00 pm
in Blockchain
Graph showcasing the increase in DLT engagement from 2022 to 2023.

The Resilience and Evolution of DLT and Digital Assets

On Aug. 23, Citi presented a comprehensive analysis of the developments and challenges faced by the digital assets and distributed ledger technology (DLT) sector. Despite the setbacks of 2022, notably for leading crypto firms like FTX, the landscape remains promising.

A Surge in Firms Adopting DLT

The report points out a marked uptick in corporate engagement with DLT and digital assets. The rise from 47% of firms in 2022 to 74% in 2023 indicates a growing confidence and trust in these technologies. This expansion involves over 20 major global financial institutions, managing billions of USD through DLT platforms.

Interestingly, the hurdles aren’t predominantly about the technology but its incorporation. The principal challenges revolve around human elements and procedural methodologies.

Regional Variations in Crypto Adoption

Different parts of the globe exhibit unique stances on cryptocurrency adoption and its regulation:

  • Asia and Latin America focus on increasing institutional liquidity and expanding its reach.
  • Europe stresses regulatory oversight, especially through programs like MiCA.
  • North America is experiencing positive results from diversifying tokenized asset classes.

However, regulatory uncertainties remain a universal concern. Over half of the surveyed participants expressed apprehensions that ambiguous regulations might impede progress, especially in regions like North America and Europe.

Digital Currencies: The Growing Landscape

The realm of digital currencies, especially central bank digital currencies (CBDCs), is evolving rapidly. An impressive 87% of market participants foresee a promising future for this sector by 2026.

DLT Outshines the Broader Crypto Sector

Despite crypto’s challenges, DLT’s growth remains steadfast. A majority of custodians (87%) are actively exploring DLT and digital asset opportunities. In contrast, a significant proportion of asset owners (75%) remain on the sidelines.

In wrapping up, Citi emphasizes DLT’s potential to revolutionize processes. The benefits extend beyond mere experimentation, but tapping into its fullest potential demands considerable effort in revamping existing systems.

Tags: BlockchainCBDCFTX
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Malta Financial Services Authority building representing crypto regulation leadership

Malta Regulator Assures MiCA Licenses Safe After EU Peer Review

July 11, 2025

Malta’s MFSA says no MiCA licenses are at risk after an EU review, reinforcing the country’s strong stance...

Malta’s MFSA headquarters under scrutiny from ESMA for MiCA licensing issues

EU Regulator Flags Deficiencies in Malta’s RegulatorLicensing Process

July 10, 2025

Malta’s MFSA “partially met expectations” in its MiCA license process, according to an ESMA report urging tighter crypto...

Venn Network researchers work together to neutralize a $10M backdoor exploit in smart contracts linked to DeFi protocols.

Researchers Foil $10M DeFi Backdoor Attack, Suspected Link to Lazarus Group

July 10, 2025

Researchers foiled a $10M DeFi attack by neutralizing a backdoor exploit in smart contracts, potentially linked to the...

OKX and Circle announce zero-fee USDC to USD conversions, offering smoother crypto trading experiences for users globally.

Circle and OKX Launch Zero-Fee USDC Conversions to US Dolla

July 9, 2025

OKX and Circle partner to offer zero-fee USDC to USD conversions, enhancing liquidity and simplifying the process for...

Press Releases

png 115

BTC Miner: Earn $100-$100,000 Daily – The Fastest Growing Crypto Mining Platform of 2025!

June 25, 2025

BTC Miner, the fastest growing platform in 2025, opens a new era of inclusive cryptocurrency mining, allowing everyone to participate...

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise