Amundi on making crypto mainstream: ‘Stop promising, start delivering’
Europe's largest asset manager said a string of setbacks for the crypto market last year has 'validated' its prudent approach
Despite the crypto market having clawed back some of last year’s losses, Amundi remains firmly on the sidelines when it comes to allocating investment
Rafael Henrique/Getty ImagesEurope’s largest asset manager Amundi remains sceptical about the potential for cryptocurrencies to become a mainstream asset class in their own right, claiming the blockchain technology that underpins them must first start delivering benefits to the real economy.
A paper published by the Amundi Institute, the €1.9tn asset manager’s research unit, argues technologies associated with the crypto market need to stop “merely promising and start delivering large-scale key services”.
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