Institutional investor MetLife Investment Management (MIM) has released a new macro strategy primer outlining the forthcoming role of blockchain-based assets, particularly central bank digital currencies (CBDCs).
- MIM, founded in 1868, states that CBDCs are a logical progression of money and technology that are "unlikely [to] be a passing fad," according to the primer released Jan. 8.
- The investments giant also notes that a "true CBDC launch among Western countries seems unlikely to occur anytime soon" as key technical questions have yet to be addressed.
- "However, just as the dreams of cryptocurrency developers tend to be rather lofty, so are those of various CBDC initiatives," the document states.
- MIM had some $651 billion in assets under management (AUM), as of September 2020.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.