Blockchain technology is asserting itself on a global scale with the Asia-Pacific region seeing use in disruptive technology with regard to real estate applications, according to a new study.
Study shows strong blockchain presence in Asia-Pacific
The study was led by four major accounting firms KPMG and British multinational bank HSBC. One of the drivers for the growth of crypto-related businesses is the region’s growing Gen Z and middle-class consumers.
The survey included 6,472 companies with valuations of $500 million in 12 countries. These countries included Australia, mainland China, India, South Korea and Japan.
“Under the fintech sector, the ‘Emerging Giants In Asia Pacific’ study found 1,780, or about a quarter, of companies that are either non-fungible token (NFT) or decentralized financial institutions. Decentralized Autonomous Organizations, of which 139 are in the region, and Blockchain Real Estate applications were other dominant sub-sectors in the top 20, as the Asia-Pacific region asserts its presence in the Web 3 space.”[in]Crypto article noted.
While Strengthen transformational data sharing ETF (BLOCK ) has the majority of its holdings (75%) in North America, the fund also provides Asia-Pacific exposure in companies involved in blockchain technology. As of June 30, the allocation to the Asia-Pacific region is 21%, giving investors an element of exposure to the region for added diversification.
The fund also allocates to a range of market values, which reduces concentration risk. Also as of 30 June, 37% of the fund is aimed at large companies, 24% at medium and 38% at small companies.
With 49 holdings, BLOCK adds diversified exposure and cryptocurrency exposure without investing in the currencies themselves. As mentioned, BLOCK is actively managed, invests in companies that collaborate with or invests directly in companies that use and develop blockchain technology, which is the technology behind cryptocurrencies such as bitcoin.
Features of BLOCK per product website:
- Global equity portfolio of professionally selected companies involved in blockchain technology and indirect crypto exposure.
- Active management approach that can enable the fund to remain flexible, make timely decisions and identify companies best positioned to profit from the evolving blockchain technology space.
- Convenience and openness of ETF structure.
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