Institutions managing €800 billion ask what crypto tokens actually earn
Brendan Ma, head of investment strategy at the Arbitrum Foundation, said he met with representatives of institutions managing about €800 billion in assets over 48 hours of closed-door meetings to discuss crypto. Private bankers and wealth managers kept returning to one problem: “There's been business or ecosystem traction that has been divorced from any fundamental… Read the full story on…
Brendan Ma, head of investment strategy at the Arbitrum Foundation, said he met with representatives of institutions managing roughly €800 billion in assets during 48 hours of closed-door meetings. The recurring concern from private bankers and wealth managers was that crypto business or ecosystem traction has become divorced from any fundamental value, raising questions about what tokens actually earn. The story is an anecdotal account of institutional interest and skepticism rather than a concrete flow or ruling, so it carries little immediate price signal for traders.
