Digital Assets and Institutional Markets

Houlihan Lokey is pleased to present a white paper discussing digital assets and institutional markets. Institutional investing, broadly across private and public markets, has embraced digital assets primarily where the legal, regulatory, tax, and securities frameworks are supportive. The bulk of such investments are in public securities and in private equity or venture capital funds. Key observations include:

• Digital assets are an evolution from traditional assets, not a revolution.
• Digital assets need a regulatory, legal, tax, and securities framework to become institutional grade.
• Digital assets promise gains from efficiency and liquidity.
• Digital assets are not just cryptocurrencies.