Crypto 'next asset class'
Catherine Wood, chief executive of Ark Invest, said crypto assets could become part of the corporate capital structure.
Ark has partnered with Niko to launch a Global Disruptive Innovation Fund.
“Bonds are based on fixed assets, equities are claims on excess cashflow derived from those assets. Crypto assets will be structured based on the capacity utilisation of those assets,” she said.
Wood said she had wondered why digital assets such as storage, computing power and bandwidth had not been traded when they were as valuable to people as copper or oil. “The reason is we’ve not been able to do this. Now with blockchain technology, we’re going to be able to.”
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