Blockchain for Asset Management
Discover how web3 is emerging in the Asset Management industry.
What challenges face the Asset Management industry?
The Asset Management industry faces a few key challenges including: Transparency, Financing and Multi-party Visibility.
Transparency
Transparency is a cornerstone of trust and accurate information dissemination, critical for effective decision-making and accountability across various sectors.
Financing
Insufficient financing can stifle business growth, impede new project investments, and obstruct financial obligations.
Multi-party Visibility
The absence of multi-party visibility can lead to confusion, miscommunication, and decision-making delays, undermining collaboration and productivity.
"Over the last five years, more and more global investors are asking us about the role of crypto—and like I said, I do think a lot of crypto is an international asset. More importantly, because it’s so international, it’s going to transcend any one currency in currency valuation."
Larry Fink
CEO, Blackrock
What are use cases for blockchain in the Asset Management industry?
Blockchain can be used to solve problems in the Asset Management industry including Asset Custody, Wealth Preservation and Stablecoins.
Asset Custody
Blockchain technology can be employed for asset custody, offering a tamper-proof and transparent ledger that securely records ownership and asset transfers, eliminating the need for intermediaries and reducing fraud risk.
Wealth Preservation
Blockchain safeguards wealth via a secure, transparent, decentralized ledger. It stores and transfers assets, protecting them from fraud and manipulation.
Stablecoins
Blockchain can be used for stablecoins, offering transparency, immutability, and decentralization, ensuring stablecoin's value remains stable and reliable.
How can Alchemy help Asset Management companies with their blockchain strategy?
Alchemy's team of blockchain experts and enterprise-grade web3 development platform can help Healthcare companies plan, build, and scale new blockchain initiatives.
"We rely on Alchemy's Token API to ensure that every time any one of our 800,000+ users sign into their ZenGo wallet, they can see the balance of every supported token they own. This is extremely efficient for us to serve - it's a single call on our end that creates a comprehensive experience for our users. We explored various market options and found no option that was equally efficient."
Meni Cherbakovsky
VP of Engineering, ZenGo
