The CANTON BLOCKCHAIN NETWORK FOR FINANCIAL INSTITUTIONS
The interest in crypto plummets among family offices survey, so roughly 26 percent of family offices are invested in crypto according to a new Goldman Sachs report which is up from 16 in 2021. But those that have not invested into the crypto space and show absolutely no interest in jumping into the cryptocurrencies wrold going forward has grown much more from 39% two years ago to 62%.
Those the people we wanted to get and we couldn't get those people because they see the problems that are going on in the crypto digital asset space, all the frauds on the rug pulls, also the Gary Genslers and the SEC coming after everyone. Why would you want to get into this space if you're a family Office? To me it doesn't make any sense either and I think it's a good hedge against as far as a store of value for different things. The survey was from 166 family offices from around the world and they did say that the belief in the power of blockchain technology is a top reason for their involvement in the sector.
Speaking of tokenization ofassets, Microsoft, Goldman Sachs and other partners are going to start their own new blockchain network. So when Larry Fink was talking about all these things, maybe it was just smoke and mirrors. A new blockchain network and the financial institutions in the works, the Canton network will be a privacy enabled interoperable blockchain Network aimed at those working with institutional assets. A lot of synchronization of financial markets that were previously siloed. Maybe this is private but maybe they will interact with other chains, the primary is not going to be Ethereum and Bitcoin, it's gonna be their own privacy Network.