The great presentation by Neha Narula on The Future of Money offers some interesting points for an initial reflection
One of the most exciting discussions on DeFi and the evolution of digital assets is related to the possibility /opportunity to have digital currency in their balance sheet.
Let’s review two different approaches emerging in the last period Coinbase announced by his CEO that “We recently received board approval to purchase over $500M of crypto on our balance sheet to add to our existing holdings. And we’ll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures.” More and more tech companies are following a similar approach and looking to the Public Companies Treasury listed coingecko website we can see how Tesla and others are investing more in Bitcoin and others are more driven by Ethereum. An interesting article by Deloitte is discussing the complexity of the matter and the different implication from volatility to tax.
On the other side, there are tech companies that prefer a different approach. Palantir Technologies Inc bought $50 million worth of physical gold to hold on its balance sheet.
It will be interesting to observe the future evaluation model adopted by analysts and auditors to certify this value. The constant evolution of DeFi composability will increase the opportunity for tokenizing security with the possible implications of some difficulties in the correct reporting.