Today, the wealth management industry is running on business models and processes fabricated on decades-old technologies. This has opened up new paradigms of resource allocation: investors can participate in a global exchange of assets outside conventional structures, where stocks and other financial instruments trade on centralized exchanges under the supervision of centralized authorities and geography-specific regulations. Secondly, cryptocurrencies have ushered in a new asset class and Initial Coin Offerings (ICOs) have allowed investors to invest in this asset class without using the banking system. Firstly, because these exchanges are distributed, they have strong potential to disintermediate many centralized business processes within the financial services industry. There are also two reasons why the decentralized exchange of digital assets is vital for wealth management. First, they can act as a digital wrapper around any asset and second, they allow the exchange of those assets on decentralized networks. Cryptocurrencies are the first real-world use case of blockchain technology, and their rise over the past decade has sparked increasing debate about how this new asset class might alter the current financial and economic structures of society.īlockchain is important to the wealth management industry because of two important capabilities.

Blockchain technology is increasingly considered a disruptor to the status quo across industries, and the wealth management industry is no different. Blockchain is the underlying technology that will bring about the next-generation internet: a transition from a web of information exchange to a web of value exchange.

Fluid app peer exchange