Summary of Goldman Sachs Digital Assets Conference: What topics are the institutions focusing on?

author:Tom Wan, 21.CO Researcher Source: X,@Tomwanhh Translation: Shan Ouba, Bitchain Vision

Gao Sheng held a Goldman Sachs Digital Assets Conference in the London Office on June 27 to discuss topics such as key areas, tokens, encryption markets, and investor views.

The terms often heard by Goldman Sachs Digital Assets Conference include:

• Ton

• Tokenization

• ETF

• User experience (UX)

• Supervise

The following are a brief summary of some interesting topic discussions:

1. The next wave of digital asset investment

• Dan Pantra (@Dan_pantera) -Pantera Capital

• @Richwgalvin -Digital Asset Capital Management

• Joseph Naggar -Republic Digital

• RView from HK (@RViewFromhk) -nimoca

1.1 How to sell cryptocurrencies to traditional financial investors:

• Similar to other asset categories, but don’t focus on the level of philosophy

• The current main challenge is high volatility

• The maturity process of an analogy and the correlation with the prosperity of the Internet

1.2 Is the venture capital restored to its heyday?

• The investment speed is similar to the previous, and the price decline is an excellent opportunity to invest in reasonable valuation

• Liquid investment is also a good field

1.3 Why the cottage coins perform poorly:

• A large number of new token generation events (TGE) lead to some capital rotation

• Supervision will determine long -term winners and losers

• The valuation of the entire encryption market is similar to the Standard Purcera 500 index, and top -level assets occupy most of the market share

1.4 Forecast and exciting area: Each spokesman mentioned TON

Dan:

• Blockchain and AI are combined in the field of traceability and AI model/computing decentralization

• TON has a huge existing user foundation

RICARD: AI and the interface for consumers

What we need is to attract more users by abstract complexity.The telegram is a good example
Joseph: TON/Near/Bittensor/Bitcoin Smart Contract
Robby: ZKP and powerful distributed blockchain (such as TON) for decentralized ID (such as TON)

2. Technology supporting digital asset foundation

• Constantin (@Konstantin11) -BLOCKDAEMONHQ

• @Yuvalrooz -Digital Asset Holdings (Digital Asset Holdings)

• Aaron Schnarch -Anchorage

• Tim Rice

2.1 Blockchain where the blockchain is displayed in the real world:

• ADHC: Reduce costs, higher efficiency and 24/7 markets.For example, the buidl of securitize

• Bitcoin ETF

2.2 What are the key challenges of the industry?

• Compliance: pledge is still complicated in terms of reporting and tax computing

• Complexity: pledge may still be confusing for investors

• User experience: ETF is a good example. The investment is simplified by abstract the hosting part

2.3 Is pledged the next trend adopted by institutions?

• Institutions will begin to participate in decentralized networks, such as running nodes or verifying networks.However, the regulations are still not completely determined

• The pledge is still complicated, abstraction is the key

3. After ETF: Where does the future of cryptocurrencies go?

• GAUTAM (@gautam_iit) -Brevan Howard Digital

• Naeem (@0xunaeem) -Coinbase

• Chris zuehlke (@Chris_zuehlke) -Cumberland

• Hunter horsley (@Hhorsley) -Bitwise

3.1 In addition to Bitcoin and Ethereum, will there be more cryptocurrency ETFs?

• Solana and TON blockchain do have different products with Bitcoin and Ethereum. Therefore, not only Bitcoin and Ethereum ETF

• Index funds may be the long -term long -term solution of the next wave of cryptocurrency ETF

3.2 What are the accidents of Bitcoin ETF?What are the secondary effects?

• Coinbase’s survey is expected that the US BTC ETF will reach $ 10B a year before the launch of the launch

• Compared with GLD, the speed of investors and consultants is surprising

• Since the institution has not fully entered, the influx of retail and wealthy investors surprised it

• The next wave may be pensions and donation funds

• The second -order effect may be the speed and the speed and

3.3 What are the changes in the market dynamics after ETF?

• The liquidity of American trading time is deeper

• The transaction volume of the US transaction time increased by 3-4 times, accounting for 50% of the total transaction volume

• Derivative transactions began to dominate the price trend

3.4 Except for ETF, what are the catalysts of Bitcoin price trend?

• Regulatory changes

• interest rate

• Ordinals/BRC-20s display innovation at the basic layer

• Bitvm and other bitcoin extensions solutions

• Credit/opponent risk has passed

3.5 Which cycle we are in

• Technology is ready to welcome the golden age.L2 and other L1 (such as solana) reduced transaction costs

• The institution will adopt some blue -chip DEFI protocol to build its own solution

3.6 How to affect cryptocurrencies in the United States election

• The encryption agenda is clearer than before

• We need a clear regulatory framework

• Clear regulatory framework can promote innovation and improve the competitiveness of the United States

The best and worst case at the end of 3.7:

The best situation:

• The birth of a super application will attract millions of people to use

• Organization

The worst case:

• Lack of motivation and bad reputation

• Talent flow to AI field

4. ownership network: how can one billion people change capitalism and financial markets through Web3

A YAT display in Goldman Sachs Office@Moca_networkPhoto

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4.1 Cryptocurrencies are not much different from the real world structure, but they are more advanced

• Defi is now one of the largest central banks, with a total lock value of $ 100 billion (TVL)

• DAO may be the future organizational structure

4.2 How to help the gaming industry in cryptocurrencies

• NFT users can have some Internet

• Currency in the game = Milk

• Skin = NFT

• Historically, most of the funds raised by most game studios are used to put advertisements on Facebook, Instagram or Tiktok to obtain users

4.3 The current challenge of web3 games

• Many encrypted games are still limited by the mainstream platform (such as Apple or Steam) and need to disable the NFT function in the game

• Another choice is to build games on the Telegram blockchain. Developers can also benefit and use the huge user group of Telegram users

5. Focusing agency: What are the aspects of digital assets?

• Tony Ashraf -Bellaide Group

• Geoff Kendrick -Standard Chartered Bank

• Russell Barlow -Abrdn

5.1 Why is the tokenshuma market fund important for cryptocurrencies?

• Assets that generate income are a high -quality mortgage

• Stable currency has no income, and there may be potential risks of opponents

• Compared to non -income cash, it is a more efficient asset

5.2 Why does Blackle choose to cooperate with Securitize to conduct tokenization of currency market funds?

• Created a new distribution channel

• It is an efficient asset

• It provides a way to obtain risk -free return without leaving the blockchain without leaving the blockchain

5.3 What strategic investment do your company make?

Russell (abrdn):

• Provide infrastructure for the 24/7 transaction

• Work closely with Hedera, run nodes and participate in the governance committee

Geoff (Standard Chartered Bank):

• Zodia Custody

TONY (Bellaide Group):

• Bellaide invests in a company that can cooperate

• Securitization to help allocate the albumization fund

• Jpm/coinbase/bny, etc.

5.4 What are the biggest opportunities?Cryptocurrency, custody, mortgage management or tokenization?

• Cryptocurrencies will dominate.Acting also, but we need to get rid of conceptual verification (POC)

• Super applications in the encryption field

• The mortgage management will be a surprise