On March 1, the Cambridge Centre for Alternative Finance (CCAF) announced the launch of a research project called “Cambridge Digital Assets Initiative (CDAP)”, which aims to bring more insights to the rapidly growing digital asset industry.
It is reported that CDAP is a public-private partnership project, and the University of Cambridge has cooperated with 16 companies, including public institutions such as the Bank for International Settlements Innovation Center and the International Monetary Fund. In addition, the project partners include banks such as Goldman Sachs, financial giants such as Mastercard and Visa, and major ETF providers such as Invesco.
Other participants include UK International Investments, Dubai International Financial Centre, Ernst & Young, Fidelity, UK Foreign Affairs, Commonwealth and Development Office, Inter-American Development Bank, London Stock Exchange Group, MSCI and the World Bank. As its core mission, CDAP intends to initiate a public dialogue on the opportunities and risks posed by the growing adoption of cryptocurrencies. The program will focus on three main areas, including the environmental impact of crypto, infrastructure and digital assets, including stablecoins, central bank digital currencies and cryptocurrencies.