FTX, Industry Development and Corporate Engagement

FTX's bankcruptcy was a major blow to the digital asset industry's credibility, but development of distributed ledger and blockchain technology is accelerating and driving corporate engagement and adoption. This is a rapidly developing industry that needs time to mature, given much of the technology is less than 3 years old. Alkesh notes that FTX's collapse may lead to increased urgency for a comprehensive regulatory framework, which is critical for mainstream adoption.

 

ou may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.

 

"Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities.

©2022 Bank of America Corporation. All rights reserved.