DePIN Tech Shows Promise, But Implementation Faces Several Hurdles, Moody’s Says
The Wall Street ratings agency’s first-ever report about the sector underscores the increased attention towards DePIN apps.
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Moody’s
The Wall Street ratings agency’s first-ever report about the sector underscores the increased attention towards DePIN apps.
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There aren’t enough secondary markets that support tokenized assets, and they come with risks, the ratings company said.
Entities providing tokenization tech have a limited track record and may contribute to increased risk, a new report by analysts at the credit-rating agency says.
The exchange-traded funds will allow better access to bitcoin through regulated entities and draw institutional investors, but the crypto is still a very small asset class, CoinDesk was told.
Moody’s Senior Director Yiannis Giokas said adoption accelerated this year, despite many destabilizing trends.
(Sammie Chaffin/Unsplash, modified by CoinDesk)