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Today New City Initiative is comprised of 45 leading independent asset management firms from the UK and the Continent, managing approximately £500 billion and employing several thousand people.

Displaying items for Oct 2019

Are Tokenised Assets the Future?

Are Tokenised Assets the Future?

Two years ago, cryptocurrencies such as Bitcoin exploded onto the scene. As more retail investors started piling into this nascent asset class, its price reached unfathomable heights, only to plunge dramatically not long after. Happening in parallel to the cryptocurrency bubble was the sudden proliferation of initial coin offerings (ICOs), best described as an unregulated crowdfunding device popular among (some) technology start-ups, which leverages blockchain to raise funds from investors through the issuance of cryptocurrencies.Most institutional asset managers chose not to invest in cryptocurrencies or ICOs as the instruments were seen as being largely unregulated and vulnerable to fraud, money…

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