What’s Stopping Institutions from Moving Headlong into Digital Assets?

Mercer is the CEO of LMAX Group, a global, high-growth financial technology company based in London

December 16, 2021 07:08 am

David Mercer, CEO, LMAX Group

In this video, Blockworks’ “Forward Guidance” podcast host Jack Farley sat down with David Mercer, CEO, LMAX Group, at Blockworks Digital Asset Summit in London to talk about the “three Ts and two Cs” stopping institutions from moving headlong into digital assets.

Mercer is the CEO of LMAX Group, a global, high-growth financial technology company based in London. A former City banking executive and currency specialist, he joined LMAX Group in 2011 and after a successful management buyout, rapidly built LMAX Group into the leading operator of institutional FX and cryptocurrency exchanges with offices in 11 countries and a global client base.

An outspoken industry commentator, David is a long-term champion of the UK’s fintech sector and passionate about supporting entrepreneurship in the UK.

Watch the full interview below.

Get the day’s top crypto news and insights delivered to your inbox every evening. Subscribe to Blockworks’ free newsletter now.

Tags

Newsletter

Blockworks Daily

Upcoming Events

Digital Asset Summit 2025

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

buy tickets learn more

Permissionless IV

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

buy tickets learn more

Digital Asset Summit 2025 London

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

buy tickets learn more

recent research

Research

L2s in a Portfolio

The L2 ecosystem has evolved into a complex landscape, with over $17B in market value and $50B in secured assets. While traditionally seen as high-beta plays on Ethereum, no L2 token achieved a beta higher than 1.0 relative to ETH in 2024. Furthermore, token dilution significantly impacted the sector, with a 1% increase in circulating supply corresponding to a 1.4% decrease in returns.

by Marc-Thomas Arjoon, CFA