Global Wealth Summit 2026: Crypto is becoming a part of assets for sovereign hedge globally, say founders

Crypto exchange founders weighed in on regulatory landscape in India, seeking clarity to improve institutional participation and expand market. The founders said crypto is already among asset classes for sovereign hedge in many global economies -- making it a safe bet for regulated institutions to participate.

Speaking at the second edition of Moneycontrol Global Wealth Summit, Vimal Sagar Tiwari, Co-founder, CoinSwitch said that even crypto tokens come in multiple categories, and would require a more nuanced approach to regulate accordingly.

“The first category would be the simple L1-blockchain based tokens like Bitcoin, Ethereum that hold value. Then there are real-world asset backed crypto tokens. These clarities are needed when we want an institution to come into crypto space,” he said.

He added, “Along with consumer protection, we need clarity on how we are going to deal with different kinds of assets as well.”

“We want a body that entities can report into. There needs to be a market structure that defines policies and protects consumers. That creates a market,” said Edul Patel, Founder and CEO, Mudrex.

The founders of country’s top exchanges including CoinSwitch, Mudrex, Giottus and crypto hedge fund Blue Aster Capital were deliberating whether crypto is coming of age in India and how the sector can increase institutional participation in the country.

According to Vikram Subburaj, Co-founder and CEO, Giottus, institutional participation is necessary to create more liquidity in the asset class. Moreover, globally crypto is becoming a part of sovereign hedge along with other asset class.

“It is very relevant to hedge your assets from any sovereign conditions. It’s not just gold anymore. Oil is becoming the new gold, so is crypto. This is being seen across the globe. Outside India, people are investing 1-5% of their portfolio in crypto,” he said.

Trump’s impact on global crypto narrative

Sidharth Sogani, founder and CEO of Blue Aster Capital, a Bahrain-headquartered crypto hedge fund, believes US President Donald Trump’s pro crypto approach has significantly helped the sector become mainstream.

“The apprehension around crypto from three years ago has gone away,” he said, adding custodians such as JP Morgan and Morgan Stanley wouldn’t have touch crypto three years ago. But now, with them intermediating settlements, institutional confidence and investments have gone up multi-folds.

Sogani said, “With Trump talking, there are a lot of eyes and ears are looking at crypto mainstream. A lot of American organisations have started buying crypto using JP Morgan and Fidelity’s structures. Custodians such as Morgan Stanley and JP Morgan have now dealing with crypto, settling between exchanges and institutional funds.”