Digital Asset Revolution

From the coauthor of the bestseller Blockchain Revolution comes the foundational book on cryptoassets, decentralized finance, and the transformation of value.In tune with the crypto Zeitgeist, Alex Tapscott brings us a well-researched and highly accessible book on the peer-to-peer marketplaces and open economic systems that are supporting new digital assets like NFTs, CBDCs, stablecoins, crypto derivatives, and more. If bitcoin was the spark for the financial services revolution, Tapscott writes, then DeFi and digital assets are the accelerant. The fire will engulf firms that fail to innovate, adapt, and embrace this hot new industry. The conflagration will suck oxygen from centralized systems and blow it into a new decentralized web. The financial phoenix that rises will be virtually unrecognizable from the system we have today.This book explains how every aspect of the economy is changing, from how we move and store value to how we access credit, invest, trade, transact, and insure against risk. But this upheaval is about more than dislocating market intermediaries. It's about Web 3's unleashing new business models and organizational capabilities that will change existing industries and redefine the architecture of our institutions. Leaders ignore these signs at their own risk.“Alex Tapscott takes us to the frontiers of finance, where digital assets are transforming money, reimagining financial markets, and disrupting leading institutions, including central banks. Digital Asset Revolution is a wake-up call for financial and business leaders everywhere.”—Hon. J. Christopher Giancarlo, Senior Counsel, Willkie Farr & Gallagher LLP, Former Chairman, US Commodity Futures Trading Commission