Nearly 23% of Digital Currency Group (DCG)’s portfolio companies think asset tokenization will be the second-largest use case for blockchain, following payments, according to a recent report by DCG.
The report was based on two polls the firm conducted with founders and CEOs from startups on its investment portfolio. An overwhelming 71% think “store of value” will be bitcoin’s biggest use case in the next five years, followed by payments network. Meanwhile, 30% of the survey respondents regard payments as the most prominent use case for blockchain and named Libra as the most surprising industry development in 2019.
Notably, around 53% of survey respondents consider the regulatory environment “public enemy #1” for digital currencies and blockchains, compared to other threats such as exchange hacks or lack of understanding in the blockchain. Meanwhile, most people think North America and Asia-Pacific will be the two areas that blockchain and digital currencies will first take off.
Additionally, DCG also reveals in the report that it has invested in 145 blockchain startups across 30 countries.