Digital Assets: How Can Valuation Differ From Traditional Assets?

Houlihan Lokey is pleased to present its third white paper discussing digital assets and how can valuation differ from traditional assets. Alternative asset managers are increasingly investing in digital assets, often in forms other than cryptocurrencies. Managers are developing investment theses for digital asset class investments to identify the opportunity for outsized returns and prepare for the operational requirements of owning tokens. These assets can present unique valuation challenges, particularly for equity and token warrant investors.