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China Tonghai Securities Equity Thematic Report: Digital Assets – Opportunities for Equity Investor

In the report, we provide a mental model for investors to deepen our understanding of the big ideas in the US$2 tr digital assets and curate discussions with industry experts that drive the digital asset opportunity as it unfolds.


The report unpacks the digital asset opportunity into a latticework of 8 mental models:

1) Digital Asset Economy;

2) Regulation and Institutionalization - Digital Assets as an Institutionalized Asset Class;

3) CEX and DEX – Allies or Foes;

4) Cybersecurity – Uncharted Territories for Digital Assets;

5) STOs – The future of Capital Raising;

6) DeFi – Democratizing Finance;

7) NFT – Future of Ownership or Fad;

8) Mining – Towards a Greener Future.


Click below to read full report:



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