Banks have used points and miles systems to build customer loyalty, create brand awareness and facilitate customer segmentation. These products have empowered banks to maintain privileged relationships with their most profitable clients. NFTs go further by enabling their issuers and creators to build exclusive communities, which can complement credit card products. Offering NFTs to clients could boost asset management and custody business with retail customers, while still offering the option to have complete ownership of the digital collectible in a non-custodial wallet.
Robust regulation key to limiting fallout from repeat of crypto winter By Lewis McLellan OMFIF’s ‘Digital assets’ report examines the economic opportunities digital assets present, looking at different kinds of digital assets and the possibilities they offer for businesses and individuals to deliver value and generate revenue.
MEETINGS Risk and transition in a digital economy Thursday 17 November, Roundtable As we move into a digital ecosystem underpinned by digital assets, OMFIF’s Digital Monetary Institute convenes two roundtable panels, exploring the opportunities and risks in the transition to a digital economy.
ON DEMAND In conversation with UK law commissioner on digital assets Digital assets regulation in the UK is in its nascent stage. This roundtable, hosted by the Digital Monetary Institute and the UK Law Commission, explores the potential directions in which the UK legal system could go.
LATEST REPORT Digital assets: Regulation and infrastructure for an evolving economy This report examines the economic opportunities digital assets present, looking at different kinds of digital assets and the possibilities they offer for businesses and individuals to deliver value and generate revenue.
