Facebook (NASDAQ:FB) recently made its entry into the world of institutional blockchain and cryptocurrency with the announcement of Libra. It garnered so much attention that lawmakers in the United States are holding hearings to review the project. Walmart (NYSE:WMT) has been flirting with crypto and blockchain for years. At the time of writing, the top crypto exchange handles a volume of around $50 billion, and Bitcoin (BTC) is holding steady around $8,000.
This is clearly a new “mainstreaming” of crypto to the masses, but a growing number of major banks, hedge funds and family offices are also turning to digital assets to build out their traditional investment portfolios.