US banks will release crypto asset data next Monday, marking the first time the public has had a chance to look at the numbers behind crypto assets.

According to a new report by CoinDesk, which has a database of crypto assets held by more than 70 banks and financial institutions, banks are expected to release their crypto asset numbers on Tuesday.

The crypto-assets listed on CoinDesk’s database include Bitcoin, Ether, Litecoin, Dash and Dogecoin.

The bank-by-bank data comes amid a push by regulators to allow consumers to track the value of their investments and to use crypto-currency to make purchases on financial institutions.

The report also suggests that many banks are beginning to adopt smart contracts, allowing them to use smart contract capabilities to monitor, track and respond to the market.

“It’s important to note that these crypto assets are not real currencies or securities, they are just a way to track a group of people’s finances,” said Matt Garlinghouse, chief executive officer of CryptoCompare, which compiles and aggregates the data.

“There are a lot of people who use crypto assets for this reason.”

While the report does not give any specific details on the types of data banks are planning to release, one of the largest banks, JPMorgan Chase, has said it plans to release its data “as soon as possible.”

“We’re seeing an exponential growth of these assets and it’s becoming increasingly important for our business to track them,” Jamie Dimon, CEO of JPMorgan Chase said in an interview with CNBC earlier this month.

“If we can get these to a point where we can use these to make decisions about investment decisions, we have a great business opportunity.”JPMorgan Chase has also launched a public partnership with the National Association of Realtors to track crypto assets, as well as a partnership with online brokerage Platforms, LLC.

“The demand is so great, and there’s so much demand from the public and from other banks, that we’re seeing a huge amount of data being generated,” Dimon said.

The release of the crypto-data comes as the Federal Reserve is expected to start rolling out a new tool for people to track their investments through a dashboard at the Fed’s website later this month, the Associated Press reported.

“I don’t think people understand how complex these systems are,” said Dan LoBianco, a former adviser to former New York Federal Reserve Chairman Ben Bernanke, who has spoken out against financial institutions and regulators.

“You can’t just say, ‘Hey, I’ll put this in my account, I’m going to hold this.’

You have to do something with it.”Bloomberg

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