Safety and Security: How Family Office and UHNW Investors Can Utilize Digital Assets

Webinar July 7 at 10:00 a.m. ET Sponsored by HexTrust

Digital assets are playing an increasingly substantial role in the global economy and are quickly becoming a mainstream investment vehicle. Changes in the economic landscape, including the moving interest rates, rising inflation and other developments has resulted in a greater demand for diversification in the portfolios of these portfolios. As a result, digital assets, cryptocurrencies, NFTs and other blockchain technologies are garnering significant interest.   According to a Goldman-Sachs survey, 15% of family offices globally and 25% in the Americas are already invested in cryptocurrencies. Camden Wealth's 2021 The European Family Office Report highlights that 35% of family offices in the Asia-Pacific planned to allocate greater exposure to cryptocurrencies in 2022 and 53% of Asian-Pacific family offices believed that cryptocurrencies are a promising investment. However, as a unique asset class, the management of digital assets is not without its challenges. It requires purpose-built solutions and institutional-grade security frameworks that meet the demands of family office operational workflows.   Fully licensed digital asset custodians like Hex Trust serve as the trusted partners that enable family offices to truly embed themselves in the industry and integrate digital assets into their business operations. For this webinar, Hex Trust has joined with Isola Capital to provide tailored insights for their clients and help them navigate the digital asset space in a safe, secure, and scalable manner. Alessio Quaglini CEO and Co-Founder Hex Trust Anthony Chan Chief Executive Officer Isola Capital Moderator Nick Lord Founder Blue Pool Communications   Copyright © 2022 CoinDesk, All rights reserved.    250 Park Avenue South New York, NY 10003, USA You can manage your preferences here or unsubscribe from all CoinDesk email.

Market Outlook 🚀 - US Markets Flat

Euro at 20-year low

Inside.com Part of   Network July 06, 2022

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US Markets U.S. equities were flat overnight after a mixed day for stocks on Tuesday.  Stocks were down significantly midday on Tuesday, with the S&P losing more than 2% before rebounding to finish the day in the green.  Investors are trying to determine if the current market decline will be ~30%, which is the average for recessions in the U.S., or a ~50% drop, as seen in the major debt crises of 2000 and 2008.  The current 10 Year U.S. Treasury yield is set at 2.83090% Dow Jones  30,967.82 -0.42% S&P 500  3,831.39 0.16% Nasdaq  11,322.24 1.75% Russell 2000 1,741.33 0.79% *Stock Market data as of the last closing bell. Data received directly from the references indexes through ICE Data Services. Do you not understand any of these figures? Check out our explainer.

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Canadian Markets Natural gas prices are up over 700% since the start of 2021, which has positively impacted Canada's export revenues, since the country is a leading exporter of natural gas and oil.  The rise is largely due to economic pressures in Europe, which is highly dependent on natural gas for energy. Approximately 39% of Italy's total energy consumption comes from imported natural gas; this figure is 24% for both Germany and Greece, 22% for Spain, and 16% for France.  Europe imports gas mainly from Russia but significant amounts of Liquid Natural Gas come from North America, specifically the West Coast of Canada and Texas.  Strong demand for energy, higher oil prices, and the war in Ukraine are some other factors contributing to this extreme rise in prices.  TSX  18,834.16 -1.02% *Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services

European Markets Stocks were down in Europe on Tuesday amid negative sentiment surrounding global equities following losses last week. The Stoxx 600 was down 2.1% on the day. Oil and gas stocks led losses with a 6.3% drop.  The Economist Index showed that investor sentiment in the eurozone is at its lowest since May 2020, with many believing that a recession is "inevitable" in the short term.  Rheinmetall was the worst-performing company in the Stoxx 600, falling 110%, after Deutsche Bank downgraded the German military defense firm.  Euro STOXX 50  3,359.83 -2.68% UK (FTSE 100)  7,025.47 -2.86% Germany (DAX)  12,401.20 -2.91% France (CAC 40) 5,794.96 -2.68% *European stock prices are as of 7 am ET. Data received directly from the references indexes through ICE Data Services.

Asian Markets Asian markets were down in early trading on Wednesday despite positive sentiment from Wall Street. Malaysia's central bank is expected to announce a 25-basis-point interest rate hike today.  The Reserve Bank of Australia hiked rates on Tuesday for the third consecutive month. Interest rates are now 1.35%, following the 50-basis-point increase.  Stocks in Australia are down 0.35% in early trading. S&P Asia 50 4,736.99 0.28% Japan (Nikkei 225) 26,205.39 -0.83% South Korea (KOSPI) 2,328.43 -0.57% China (Hang Seng) 21,853.07 0.10% India (SENSEX) 53,134.35 -0.19% *Asian stock prices are as of 7 am ET. Data received directly from the references indexes through ICE Data Services.

Commodities Oil prices were down significantly on Tuesday due to fears of a global recession, which could lower oil demand. U.S. West Texas Intermediate crude fell by more than 10% during trading and closed the day down 8.24%.  Brent crude finished the day down 9.45%, at $102.77 per barrel.  Citi predicts that Brent crude could fall by as much as $65 by the end of 2022 if there is a recession.  Oil (NYSEARCA:OIL) 31.75 -9.05% Gold (NYSEARCA:GLD) 164.75 -2.09% Silver (NYSEARCA:SLV) 17.73 -3.17% Corn (NYSEARCA:CORN) 23.45 -4.71% Lumber (NASDAQ:WOOD) 73.29 -2.02% *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.

Currency Exchange Rates The Euro suffered a major drop on Tuesday as it hit a new 20-year low due largely to recession fears and the war in Ukraine. The inflation rate in the Eurozone reached 8.6% in June, a record for the euro area.  The Euro lost 1.5% on the day and is now worth 1.02 U.S Dollars.  The European Central Bank has given notice that it intends to raise interest rates for the first time in 11 years this month.  UK(GBP) £0.84 1.33% Europe (EURO) €0.97 1.70% Canada (Canadian Dollar) $1.30 1.32% Japan (Yen) ¥135.68 -0.14% *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.

Cryptocurrency Bitcoin was down in early trading on Tuesday but recovered to raise above the $20,000 threshold, a key "psychological benchmark."  Lawmakers in the EU believe that all NFT platforms should be regulated by new anti-money laundering laws. This would further hamper the growth of the industry.  Nexo said it signed a term sheet to acquire Vauld, a fellow crypto lender.  Polkadot said that Eran Barak, Peter Ruchatz, and Fahmi Syed will be joining their executive team.  Bitcoin $20,317.40 0.40% Ethereum $1,145.70 -0.37% Litecoin $50.12 -3.98% Bitcoin Cash $105.17 -0.72% *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.

Liam Gill is a founder, lawyer and investor. He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law at Zargar Lawyers + Business Strategists in Vancouver, Canada.   Editor Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade.

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