TD Cowen: Bitcoin is evolving from an asset into a capital markets ecosystem.

BlockBeats news, October 1st, TD Cowen stated that Bitcoin is gradually evolving from an asset class into a capital markets ecosystem. The institution pointed out that the three core trends driving the next phase of institutional adoption of Bitcoin include: capital markets infrastructure built around Bitcoin, Bitcoin application implementation frameworks, and broader institutional-grade infrastructure development. As the related financial infrastructure continues to improve, the Bitcoin ecosystem is developing from a pure asset allocation tool into a more complete capital markets system.