On Tuesday, Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School announced a new research initiative focused on the “growing digital asset ecosystem.” According to CCAF, the newly launched collaborative effort involves 16 financial institutions such as the Bank for International Settlements (BIS), Accenture, EY, Goldman Sachs, and more.
CCAF launches 2-year research effort focusing on digital asset ecosystem
Since 2015, CCAF is dedicated to studying technology-enabled innovative instruments like cryptocurrencies. CCAF published more than 40 reports covering the expanding crypto industry. CCAF also publishes the Cambridge Bitcoin Electricity Consumption Index, (CBECI), and CBECI Bitcoin Mining Map. CCAF announced this week a new initiative, the Cambridge Digital Assets Programme. It will focus on cryptocurrency and require an initial 2 year research.
“CCAF at Cambridge Judge Business School today announced the launch of the Cambridge Digital Assets Programme (CDAP), a research initiative in collaboration with 16 leading banks, public sector agencies, and private organisations to shed light on the rapid digitisation of assets and value transfer systems,” the announcement on Tuesday notes. The CCAF announced:
CCAF, a consortium of public and private organizations, will collaborate for a period of 2 years to develop the data, tools and insights needed to foster evidencing-based dialogue among the public about the risks and opportunities presented by digital assets.
16 Financial Institutions of Note Join the CDAP Initiative
CDAP’s collaborative partner list includes the International Monetary Fund (IMF), Invesco, London Stock Exchange Group (LSEG), Mastercard, MSCI, Visa, World Bank, Accenture, BIS, Fidelity, EY, Dubai International Financial Centre (DIFC), British International Investment (BII), UK Foreign, Inter-American Development Bank (IDB), Commonwealth & Development Office (FCDO), and Goldman Sachs. The program will build on existing tools like the CBECI tool and the organization’s Global Crypto Asset Benchmarking Study series.
“The growing adoption of digital assets increasingly blurs the lines between roles, responsibilities and applicable rules, stretching the boundaries of long-term institutional arrangements,” Bryan Zhang, executive director at CCAF said in a statement. “The Cambridge Digital Assets Programme that we are launching today aims to meet the resulting need for greater clarity by providing data-driven insights through collaborative research involving public and private sector stakeholders.”
How do you feel about the recently launched CCAF Cambridge Digital Assets Programme, (CDAP),? Comment below and let us know how you feel about the subject.
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