Digital assets are here to stay. Despite continued volatility institutional investor interest remains strong. With client demand materializing, traditional financial services entities have entered a race against new crypto-native companies to secure first-mover advantage in the institutional market. But for these firms this can require considering the costs of a new risk/compliance framework as well as new infrastructure.

It may seem a long and winding road. Success will depend on deciding on buy vs build in context of each entity's unique technology and client needs and choosing partners wisely.