Digital Assets Equity: Diversified, Digitally Powered Growth
A rapidly evolving ecosystem powered by digital innovation and expanding opportunities worldwide.
What Are Digital Assets?
The digital assets ecosystem has progressed from early experimentation to meaningful global scale.
Digital assets are uniquely identifiable items stored in digital form that can be owned, transferred, and used for economic purposes. They rely on Distributed Ledger Technologies (DLTs), which enable secure, decentralized record‑keeping and form the backbone of modern blockchain networks.
While cryptocurrencies like Bitcoin and Ethereum remain the most familiar examples, they represent only a fraction of a broader and increasingly diverse digital asset universe spanning technology, infrastructure, and financial innovation.
The Rapid Rise Of Digital Assets
Adoption of digital assets has expanded rapidly, supported by technology maturation, regulatory clarity, and growing real‑world utility.
Sources: Coingecko, SIFMA Research, BCG, Bitget and Foresight Ventures.
*Data as of 31 Dec 2024, published July 2025.
Current cryptocurrency market size according to Coingecko.
Crypto users estimated by joint report published by Boston Consulting Group, Bitget and Foresight Ventures.
For illustrative purposes only.
The Next Era of Opportunity
Digital assets have advanced from less than 2% in January 20201 of global equity benchmarks to a footprint several multiples larger, nearing mid‑single‑digit representation in broad equity indices and over 10% of the U.S. Treasury market.
The forces driving this growth include:
1
Rapid Global Adoption
2
Institutional Engagement
3
New Payment Capabilities
4
Clearer Global Regulations
Portfolio Segments
The portfolio is diversified across four segments of companies, intended to capture a variety of ways to participate in the theme.
Miners
Companies that validate and secure transactions on a blockchain network in exchange for cryptocurrency.
Disrupters
Companies directly involved in digital assets- related fields, including cryptocurrency exchanges, decentralized finance and blockchain technology.
Challengers
Transformational payments and finance companies integrating digital assets-related technologies into their business.
Enablers
Companies producing hardware and infrastructure, such as semiconductors, that enable use of digital asset technologies.
Our Differentiators
For illustrative purpose only
Data Science
Powered by our proprietary portfolio construction and data science platform to identify companies aligned with the theme.
Fundamental Analysis
Deep fundamental oversight from global investment expertise to guide our strategic approach and review data science outputs.
Quantitative Tools
Utilization of advanced research and optimization tools for portfolio management.
Research and Insights
Digital Assets & Distributed Ledger Technology
Important Information
1Crypto-Assets Monitor (Aki Yokoyama, Gonzalo Fernandez Dionis, Kleopatra Nikolaou, Mahmoud Abouelmakarem, Qiuyun Shang, and Yiran Li, 2025)
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