Digital Assets are a new asset class with specific features which will have major implications for capital allocation and portfolio construction, creating an entirely new financial system.

Digital Assets will redefine capital formation, capital allocation, portfolio construction, and radically change the structure of the digital economy.

This is the final in a series of three reports which provides a framework for understanding public Blockchains and the emergence of Digital Assets as a new asset class.

Building on the themes explored in prior reports, we go deeper into the characteristics of Digital Assets, how it is maturing, and implications for issuers, financial institutions, and technology vendors.

The new financial system being created by Digital Assets will have profound implications for those seeking to raise capital and those allocating it.