NEW YORK, Oct. 4, 2021 /PRNewswire/ -- Bank of America
today launched its digital asset research with the publication of a
report entitled "Digital Assets Primer: Only the first inning," led
by Alkesh Shah, head of Global
Cryptocurrency and Digital Asset Strategy.
Digital assets represent a $2 trillion+ market value with 200
million+ users, and have the potential to transform every industry
by improving efficiency and reducing friction across transactions.
Hundreds of companies are forming within this new ecosystem,
creating a new asset class.
The primer provides an investment framework for the digital
asset landscape, looking through a variety of lenses: tokens that
act like operating systems; applications powered by smart
contracts; stablecoins pegged to fiat currencies; central bank
digital currencies that could replace money; and non-fungible
tokens that connect creators and fans in a different way.
"Bitcoin is important," said Shah, "but the digital asset
ecosystem is so much more. Our research aims to explore the
implications across industries including finance, technology,
supply chains, social media and gaming."
"Digital assets are transforming the way in which markets,
businesses and central banks operate," said Candace Browning, head of BofA Global Research.
"Bank of America offers a market-leading global payments platform
and blockchain expertise, and the addition of digital asset
research further strengthens the depth and breadth of our offerings
for investors."
Reporters interested in previewing the primer should contact
BofA Global Research Media.
Bank of America
Bank of America is one of the world's leading financial
institutions, serving individual consumers, small and middle-market
businesses and large corporations with a full range of banking,
investing, asset management and other financial and risk management
products and services. The company provides unmatched convenience
in the United States, serving
approximately 66 million consumer and small business clients with
approximately 4,300 retail financial centers, approximately 17,000
ATMs, and award-winning digital banking with approximately 41
million active users, including approximately 32 million mobile
users. Bank of America is a global leader in wealth management,
corporate and investment banking and trading across a broad range
of asset classes, serving corporations, governments, institutions
and individuals around the world. Bank of America offers
industry-leading support to approximately 3 million small business
households through a suite of innovative, easy-to-use online
products and services. The company serves clients through
operations across the United
States, its territories and approximately 35 countries. Bank
of America Corporation stock (NYSE: BAC) is listed on the New York
Stock Exchange.
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America
newsroom and register for news email alerts.
Reporters may contact:
Melissa
Anchan, Bank of America
Phone: 1.646.532.9241
melissa.anchan@bofa.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/bofa-global-research-launches-coverage-of-digital-assets-301391753.html
SOURCE Bank of America Corporation