What is driving institutions to invest in crypto? BlockFi's David Olsson explains

In an interview with Cointelegraph reporter Joe Hall last Tuesday, David Olsson, global head of institutional distribution at BlockFi, shared  his insight on the state of institutional adoption of cryptocurrencies.

BlockFi is a financial services company that offers retail wealth management products, such as crypto-backed loans, interest accounts, Bitcoin (BTC) rewards credit cards, etc. Meanwhile, for institutional investors, BlockFi's proprietary platform provides financing for capital efficiency, the ability to borrow coins for hedging and shorting, and institutional-grade trading infrastructure.

When asked about any exciting trends among institutional clients adopting crypto, Olsson told Cointelegraph, "Out of the 80% of Top 50 hedge funds in the world we've spoken to, they all are embarking on some sort of crypto journey, such as starting a trading desk or investing in crypto native firms run by 25 to 30-year-olds that know how to extract alpha from crypto markets and manage the risks." 

"It really is a generational story. The early asset managers don't have the natural, digital native perspective of someone that's younger. But we see a tremendous amount of interest."

"Crypto can fix the plumbing of the financial system worldwide, starting with eliminating expensive fees from banks." he added.