2025年加密行业现状报告：数字资产生态系统就绪度

Explore how global financial services organizationsare enhancing their digital asset strategies, and uncoverfuture opportunities, challenges and crypto predictions Foreword compliance requirements has meant that manyorganizations, both crypto-native businessesand mainstream financial institutions have beenoperating in a holding pattern, constantly havingto second guess what type of regulation might becoming down the line, and when. However, changes are underway that are shapingthe regulatory landscape to be more favorabletowards institutional adoption. The implementationof robust regulatory frameworks for digital assets injurisdictions such as the European Union, United ArabEmirates, Hong Kong, and Singapore, are providingfinancial institutions with confidence about the rulesof the road. In the US, the outcome of the November2024 election suggests that greater regulatory clarityshould be on the way for the US as well. Simone Maini,CEO, Elliptic The year ahead promises to be amongthe most exciting and transformativewe’ve seen for the digital asset space.A few years from now, when we lookback on 2025, we will see it as a yearof tremendous advancement in themainstreaming of digital assets andtheir institutional adoption. Our research highlights how increasingly clear andconsistent regulations will instil confidence, trust andcredibility into digital asset markets. In particular,organizations are now looking for movement withinthe US regulatory landscape, post-election, believingthat this will have a major impact on the direction ofthe global crypto industry. In this report, we publish new research showingthat banks, fintechs and payment providers areaccelerating plans around crypto and digitalassets for 2025. At Elliptic, our own financialinstitution customers are doubling down on theirinvestments in the digital assets space, which arenow recognized as critical to driving innovation,establishing competitive differences and openingnew revenue streams. Financial institutions feel thatthey need to act now to avoid being left behind. While there is a trend towards greater regulatorycertainty, organizations must continue operating inwhat remains an evolving landscape, which involvesidentifying scalable ways to pursue opportunitiesin the sector. Fortunately, there are tried and testedmethods for launching digital asset products andservices in a safe and sound manner that achievesregulatory compliance, as we have seen repeatedlythrough our work at Elliptic over the past decade. At Elliptic, we are excited about what the comingyear has in store for the digital asset industry. Wehope this new report will provide valuable insights foranyone seeking to understand what lies ahead, aswell as to benchmark their efforts and approachesto this increasingly mainstream asset class. For cryptoasset exchanges and wallet providers,this positive outlook presents major opportunitiesfor partnerships and investment. As they ramp uptheir digital asset initiatives, financial institutionsare actively looking for specialist partners andsolution providers to fill in the gaps – whetherthat be technology platform support, skills, risk,or compliance. To navigate this fine line, compliance and riskleaders need to lean on trusted partners who canhelp them to develop ambitious, forward-lookingdigital asset strategies, while ensuring they remaincompliant at all times and able to respond to arapidly evolving regulatory environment. To date, a major barrier to institutional adoptionof digital assets has been regulatory uncertainty,complexity and fragmentation - though thispicture is beginning to change. A lack of clarity on S T A T EO F C R Y P T O 2 0 2 5 Contents Research methodology Introduction5 Crypto has the potential to deliver an array of7game-changing benefits in 2025 Overcoming barriers to crypto growth8 A strong appetite for regulatory clarity11 The digital asset market is set to evolve and grow The need for trusted partnerships within a16dynamic ecosystem Conclusion Research Methodology Elliptic commissioned comprehensive, independent research among seniorstakeholders within financial services organizations. This research entailed: •Within retail/commercial banking, •218 interviews with senior stakeholders incompliance and risk roles within financialservices organizations 51% of respondents worked forbanks with total assets ofmore than $5bn, 49%worked for banks withtotal assets between$1bn and $5bn •Respondents came from a range ofdifferent types of organizations: Financial Institutions27%from retail /commercial banking; •Respondents held senior roles withintheir organizations 25%from fintech business,including neo banks; were C-Level, VP or Board level: 25%from paymentproviders; and were Directors or Heads of Department; and Crypto businesses 23% including centralizedexchanges and walletproviders 25% were senior managers. •Respondents were located across the world,with an even split of 25% in f