Cambridge University Partners with 16 Financial Institutions to Develop Crypto Asset Ecosystem

The University of Cambridge, through the Cambridge Centre of Alternative Finance (CCAF), has rolled out a multi-year research initiative with 16 key financial institutions like WorldBank, IMF, and MasterCard to shed more light on the rapidly evolving crypto-asset ecosystem.  

The research initiative dubbed the Cambridge Digital Assets Programme (CDAP) seeks to paint a picture of the opportunities and risks presented by the crypto space through an evidence-based public dialogue.  

Per the announcement:

“It is designed to address the broader ecosystem trends and issues through impactful research outputs that can help guide public opinion, inform regulation and policy discussion, as well as support evidence-based decision making by individuals and institutions globally.”

Moreover, the new programme intends to offer greater clarity about the digital asset ecosystem and value transfer systems by providing data-driven insights. Other players in the collaborative research include Visa, Goldman Sachs, Fidelity, Bank for International Settlements (BIS) Innovation Hub, Invesco, and Dubai International Financial Centre (DIFC).

Bryan Zhang, CCAF’s executive director, welcomed the initiative and noted:

“The growing adoption of digital assets increasingly blurs the lines between roles, responsibilities and applicable rules, stretching the boundaries of long-term institutional arrangements.”

CDAP’s research agenda will be categorized into three workstreams: emergent money systems comprising crypto-assets, enterprise and consumer tokens, central bank digital currencies (CBDCs), and stablecoins. 

Michel Rauchs, CCAF’s digital assets lead, stated:

“We believe that this programme will provide decision-makers with the objective analysis and empirical evidence that they need to navigate the digital assets maze.”

A recent study from Visa showed that building wealth and the financial way of the future were the primary drivers of owning cryptocurrencies. 

Furthermore, insights gained entailed cryptocurrencies being part of the popular consciousness and were poised for additional growth, especially in emerging markets.

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JP Morgan, Ciena and Toshiba Partner to Establish Quantum Key Distribution Network

To protect the blockchain networks from eavesdropping and quantum computing attacks, JP Morgan Chase, Ciena, and Toshiba have shown the feasibility of a Quantum Key Distribution (QKD) system in groundbreaking research. 

In a statement, the research team disclosed that the QKD network can offer speeds of 800 Gbps for mission-critical blockchain applications irrespective of environmental factors. 

Yasushi  Kawakura, Toshiba America’s vice president, believes that the QKD project is a stepping stone towards averting quantum attacks on the blockchain ecosystem. 

The QKD network is an integration of JP Morgan’s P2P blockchain-based network called “Liink”, Toshiba’s proof of concept network infrastructure, and Ciena’s Waveserver 5 platform consisting of 800 Gbps optical-layer encryption. 

Therefore, it is based on quantum physics and uses a solid two-way communication framework. 

Marco Pistoia, the head of the FLARE Research group at JP Morgan Chase, welcomed the strategic partnership and stated:

“This work comes at an important time as we continue to prepare for the introduction of production-quality quantum computers, which will change the security landscape of technologies like blockchain and cryptocurrency in the foreseeable future.”

Given that the quantum computing era is on the horizon, Steve Alexander believes research and development are crucial for optimal results like Ciena’s first-ever 800 Gbps encryption. 

The chief technology officer at Ciena explained:

“With more sensitive information being distributed across fiber-optic networks every day, robust encryption is of vital importance.”

Quantum computers are still in the developing phase and are deemed superfast than standard computers.

JP Morgan has been crafting a name for itself in the blockchain/crypto space. For instance, it created a business unit dubbed Onyx to house its digital currency and blockchain efforts.

The leading bank also recently set foot in the metaverse through a virtual lounge. 

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Bitcoin Bull Raoul Paul Predicts 100x Crypto MarketCap Growth by 2030

The global crypto market capitalization is currently hovering around $2 trillion, according to data from CoinMarketCap. However, Raoul Paul, one of the most vocal mouthpieces in the digital currency ecosystem, expects the market cap to top $250 trillion by the end of the decade. 

The digital currency ecosystem has seen steady growth in recent times. By 2021, the global crypto market cap topped $1 trillion for the first time. The cryptocurrency ecosystem soon smashed the $2 trillion last year as the major assets, particularly Bitcoin (BTC), recorded a massive institutional embrace soaring to an All-Time High (ATH) above $68,700 in November.

To Raoul Pal, the digital currency ecosystem has not attained the same level of adoption as other mainstream traditional investment products. Raoul, who is now the CEO of RealVision, a crypto investment Think Tank, believes that “there’s a reasonable chance” the industry will grow to the $250 trillion valuation level if the level of adoption in the space continues.

“If I look at the total derivatives market, it’s $1 quadrillion. I think there’s a reasonable chance of this being a $250-trillion asset class, which is 100x from here, which would be the largest growth of any asset class in all of history in the shortest period of time,” he said while speaking on the Bankless Brasil podcast.

To Raoul, attaining this valuation point might mean that more than 3.5 billion people will be using it within the defined time frame.

“That will pretty much dovetail in with the idea that 3.5 billion people are using it — that’s just extrapolating the growth numbers of the network. So, if [there are] 3.5 billion users in 2030, the market cap’s going to be something like $250 trillion,” he added.

The digital currency ecosystem is growing at a fast pace, as is visible on all fronts. While no one can really see the future, there is a general expectation that the industry will attain the valuation point as predicted by Raoul soon.

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Digital Currency and the Financial Inclusion Drive: The Journey So Far

It is largely believed that one of the primary reasons Satoshi Nakamoto invented Bitcoin (BTC) was to solve the financial inequality amongst people.

The design of the digital currency and the blockchain backing the new form of money has largely driven new innovations into the space. 

From the surface, it appears that big corporations are cashing out more from the digital currency ecosystem based on the enormity of their investments. However, in reality, retail investors are the biggest beneficiaries of the crypto revolution. This is because the rules that have been established by the mainstream or traditional financial system that naturally gives advantage to institutional advantage do not apply in the decentralized world of digital currencies.

The Equalizing Game

Cryptocurrencies are an innovation that seeks to offer the same products and services as the financial institutions offer, but in a more flexible and decentralized manner. One of the ways this innovation is being brought to life is via Decentralized Finance (DeFi), a financial system coordinated by a predefined set of codes called Smart Contracts.

There are various expressions of DeFi and through developers’ creativity, lending, swapping, and derivatives, products now exist in the digital currency world. Unlike traditional brokers, where requirements are necessary to be met before being granted access to these products, accessing DeFi lending is free from bureaucracy, paperwork, or vetting processes inherent amongst banks.

Other products in the DeFi space are like that, and funds are free from monitoring as individuals keep custody of their digital currencies by themselves through unhosted wallets. 

Thus far, many different people have access to crypto-related products, regardless of their nationalities, races, education, age, and economic status. No financial innovation has given the insight to integrate as many people as cryptocurrencies have done from history. From the millions of crypto users around today, one can conclude that the journey towards mainstream financial inclusion has been quite promising across the board.

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Hong Kong-Based Chiron VC Raises $50M for Launching Terra Ecosystem Fund

One of Asia’s biggest Venture Capital firms, Chiron Partners, has launched a $50 million ecosystem fund christened the Chiron Terra Fund I (CTI), aimed at supporting innovative projects that are emerging from the Terra blockchain ecosystem.

The firm announced that the CTI will support the projects. In addition, the Fund will involve in decentralized finance (DeFi), non-fungible tokens (NFT), and metaverse related initiatives. The primary motivation behind the massive investment is to reposition Chiron Partners as one of the committed accelerators of developing promising, disruptive, and emerging technologies.

“We’re thrilled to have Chiron Partners join the booming Terra ecosystem as a valuable resource to help equip ecosystem projects and builders with capital, strategic expertise, and other guidance,” says Do Kwon, Co-Founder and CEO of Terraform Labs.

Terra is a high-performing blockchain hinged on using fiat pegged stablecoins to power global payment systems. In a bullish move to support the growth of the innovative projects emerging on the Terra ecosystem, the protocol raised a $150 million fund from renowned venture capitalists back in July to support these projects. These funding models similarly move from competing blockchains, including Avalanche and the Binance Smart Chain, respectively.

Furthermore, Terra recently completed its Columbus-5 upgrade, significantly improving scalability and enhancing network interoperability. From here, as many as 160 projects are on track to make their way to the Terra ecosystem as from Q1 2022.

“The Terra ($LUNA) ecosystem’s growth potential, particularly after the latest Columbus-5 upgrade and announcements on Risk Harbour insurance wrapped protection, is limitless,” said Jake Cormack, Founding Partner and COO of Chiron Partners.

The positivity surrounding the Terra ecosystem is highly reflective in the native digital currency LUNA, which has surged over 13,000% in the Year-to-Date period, according to data from data analytics platform, Coingecko.

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Got crypto? Here are 3 software wallets for storage, staking and swapping

Nearly every segment of the crypto sector underwent explosive growth in 2021. The steady inflow of institutional funds could possibly be interpreted as a signal that the best is yet to come.

For new users, figuring out how to obtain cryptocurrency can be a tedious task, and the challenge of securing the assets off exchanges is another hurdle some investors find difficult to overcome.

Here’s a rundown of some of the most used cryptocurrency soft wallets that support a wide swath of tokens and offer users access to decentralized finance (DeFi), nonfungible tokens (NFTs), staking opportunities and airdrops.


MetaMask was originally launched to support the Ethereum blockchain and decentralized applications (DApps) that run on top of it. It is now available as a browser extension and smartphone application.

The company launched in 2016 and has largely benefited from a first-mover advantage to become one of the most popular and widely integrated wallets, and it is one of the few to support nearly every blockchain network.

A quick scroll through the supported networks on Chainlist, a platform that provides a list of Ethereum Virtual Machine- (EVM)-compatible networks and instructions on how to add any listed network to their MetaMask wallet, shows hundreds of blockchain networks supported by MetaMask including many of the top smart contract competitors.

Currently, MetaMask supports Avalanche, Fantom, Binance Smart Chain, Polygon, HECO Mainnet, Optimism and Arbitrum, and it’s easy for users to use various bridges to transfer tokens between the supported networks.

MetaMask has also integrated a swap feature directly into the wallet to give users access to an aggregated list of decentralized exchanges (DEXs). According to data from Dune Analytics, the daily swap volume on MetaMask swap has steadily increased throughout 2021.

MetaMask swaps daily volume. Source: Dune Analytics

The rise in swap volume has also come alongside rumors that MetaMask will eventually release a token of its own and many users are anticipating an airdrop.


Phantom is a popular software wallet and browser extension available for Solana network users.

Similar to MetaMask, the Phantom wallet has a built-in DEX that allows users to make direct swaps within the software, thus avoiding the risk of connecting to a scam website or paying gas fees to transfer the funds out of the wallet to another exchange.

There are rumors that Phantom could launch its own token and airdrop a portion of the supply to early adopters. So far, however, this is nothing more than pure speculation and nothing has been mentioned by the developer yet.

The wallet also has an NFT tracking feature and users can also transact with available NFT marketplaces.

Similar to other wallets, Phantom users can stake Solana (SOL) tokens without needing to transfer the assets. Recently, the team announced a partnership with MoonPay that will allow users to use fiat currency and credit cards to purchase tokens in the Solana ecosystem.

The project is also developing smartphone applications that will allow users access to the Solana network directly from their smart devices.


Keplr wallet is the first inter blockchain communication- (IBC)-enabled wallet and browser extension for the Cosmos network that allows users to store and access tokens within the ecosystem.

It currently supports more than 15 networks including Cosmos, Secret Network, Kava,, IRISnet and Persistence, and the team regularly adds support for new chains with several projects currently under beta access.

Holders of the supported tokens are able to stake their holdings directly through the Keplr wallet and the app works on Android and iOS devices.

At the moment, there are no rumors of a possible Keplr token or airdrop to users, but one can never be sure about what might happen in the crypto sector. If Keplr integrates popular features like its own swap interface or an NFT marketplace, then the chance of a native token is always a possibility.

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.