Traditional financial technology companies are increasingly entering the cryptocurrency sector by building on blockchains, utilizing stable coins, implementing tokenization strategies, and leveraging APIs to embed yield-generating capabilities into their products, which creates new investment opportunities for crypto-native funds like CoinDesk Ventures.
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Building on top of blockchains to it because what's happening is that, you know, traditional fintechs, for example, are now starting to enter the crypto markets through things like stable coins and, you know, building on top of blockchains to advance like their tokenization efforts or leveraging, you know, APIs for embedding yield in like, let's say, you know, their products, right? So, you see a lot of like, you know, crypto-enabled neo banks. And so, it's very fun for us because now it's, you know, broadening our aperture for what we can go after from an investment lens, right? Like, we always want to see CoinDesk Ventures will always be a crypto-native, crypto-first fund. So, we always want to see like there is some type of crypto blockchain component, right? So, it gives it us It's given us an opportunity to kind of look at some of these traditional businesses and looking at some of the use cases that are starting to emerge.
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