Cryptocurrencies have found their way into many investment portfolios and will continue to find their way into many more. The purpose of this paper is to provide a perspective on the history and processes of these unconventional assets to show that their integration into conventional investment and oversight processes makes many of the highlighted dark market risks less relevant to investors, while also making some less discussed or understood technology and governance risks more relevant. The style of this article may be somewhat unconventional for an academic publication as, just like a crypto exchange, it is an attempt to bridge two audiences.

Peter Horne, Northfield