Ripple has released a report on crypto asset (virtual currency) trends in the business industry, etc., “New Value Report 2023 (2023 New Value Report: Crypto Trends in Business and Beyond)”. It presents market sentiment and outlook for crypto assets, digital assets and blockchain, and summarizes expected changes and growth in technology in the months and years ahead.
The report surveyed 1,700 global finance leaders from financial institutions and companies on DeFi (decentralized finance), tokenization, central bank digital currencies (CBDC), payments, and more. The following are the top 5 trends in the crypto asset industry in 2023.
1.The outlook for crypto assets remains overwhelmingly positive
Global financial industry leaders’ confidence in crypto assets has increased over the past six months, with over 90% saying the technology will have a significant impact on business, finance and society within the next three years.
2. High expectations for crypto assets are reflected in real-world adoption
79% of respondents said they were either “very confident” or “extremely confident” about the possibility of implementing cryptocurrency solutions into their business.
More than three-quarters of respondents are also positively considering adopting digital asset technologies such as cryptoassets, NFTs and stablecoins in the next few years.
3.Expectations for Tokenized Real-World Assets Continue to Rise
72% of respondents expect their businesses to leverage tokenization in the next three years as a means of fostering innovation in various industries such as finance, manufacturing and media entertainment.
Compared to last year, respondents expect CBDCs and stablecoins to have a greater impact in a shorter period of time.
Four.Payments are the top use case for holding crypto assets
44% of global financial leaders believe that payments using crypto assets are the most common initial method of adoption.
More than half also believe that speeding up payments is the biggest benefit of implementing cryptocurrencies for cross-border payments, with 50% saying cost savings is the more prominent benefit.
Five.decentralized finance (DeFi) moves towards mainstreaming
76% of respondents said they are interested in enterprise DeFi (decentralized finance) as a way to drive business innovation, including managing risk, liquidity and identity.
Read the full report here.
｜Sentence: CoinDesk JAPAN Editorial Department