With banks, stock and futures exchanges, and central banks so involved in DLT, it is no surprise that banks are components in these new ETFs. Among them, BOC Hong Kong (Holdings), Citigroup, Goldman Sachs and Deutsche Boerse are components in a couple of ETFs; so too is the Nasdaq.
SINGAPORE (Feb 26): In 2015, the World Economic Forum projected that 10% of global GDP would likely to be stored on blockchain platforms by 2027. Our Market Watch story on Page 25 highlights a few companies whose products and services are in demand as financial services companies focus on commercialising blockchain and distributed ledger technologies (DLT) for their transactions.
Following heightened attention on cryptocurrencies in the closing months of 2017, four so-called blockchain exchange-traded funds launched in quick succession in January this year. At first glance, their component stocks are familiar US and Asian tech names. None of the ETFs have sufficient history to gauge their performance, having just gotten listed.
