RULEMATCH Spot On - Crypto Banking Evolution

The relationship between banks and crypto has been complicated over the years. It has also evolved significantly since the first days of the industry. Along the way, Switzerland has been a leader in crypto banking - unrivalled around the world.

One reason for that is crypto native banks like Sygnum Bank, which received its banking license in 2019. As Head of Trading, Dominc Lohberger has been involved in building the banks offering - and in particular the trading systems and processes that are needed to fulfil the stringent requirements of regulators.

In this episode of RULEMATCH Spot On, Dominic and host Ian Simpson walk through the backstory of Sygnum’s operations, the challenges of the fragmented crypto market and discuss what new approaches are being developed - both at Sygnum and in the wider industry.

1:12 Intro
1:59 Where institutions are looking for opportunities in crypto markets
3:55 Navigating the liquidity maze in crypto
5:44 Why market makers are key
7:21 Where Sygnum sits in the crypto/traditional finance world
8:25 How the product shelf grows
10:25 Balancing retail and institutional considerations
12:24 The boring things that banks and institutions really care about
13:40 The non-existent transaction cost reporting in crypto
15:20 Putting the puzzle pieces together for a financial institution in crypto
17:40 The really tricky thing about capital requirements for banks in crypto
20:02 Is there any standardization coming?
24:10 Who is driving off-exchange custody setups?
25:30 Is finding a quick fix for institutional requirements a good thing?
26:05 How the overall market structure will morph and change
27:05 How post-trade settlement went missing - until now
28:14 The complex scene of settlement across venues
30:25 Building settlement batches in Sygnum Connect
31: 30 Tying in traditional security settlement to crypto flows
32:20 Leaning towards prime brokerage?
33:33 The unavoidable topic of regulation
36:08 Business and operational balance across regions
36:58 Will liquidity in the EU be cut off?
38:30 Dealing with stablecoin trading under MiCAR
40:24 The special considerations for stablecoin popularity
42:20 What to look out for in the next 6-9 months

ABOUT THE HOST: Ian Simpson is Director of Marketing and Communication at RULEMATCH as well as host of the RULEMATCH Spot On podcast, focused exclusively on the institutional crypto and digital assets industry. Previously he was Head of Marketing at Bitcoin Suisse and Head of Communications at the Crypto Valley Association. Ian is a veteran of the Swiss crypto and digital assets industry since 2017. His insights on the Swiss crypto and blockchain ecosystem have been featured in CoinDesk, the leader in blockchain news.

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Disclaimer: The information contained in this podcast about RULEMATCH AG (“RULEMATCH”) and any guest company is for general informational purposes only and should not be considered exhaustive. They do not imply any elements of a contractual relationship nor any offering.

Sygnum disclaimer: https://www.sygnum.com/disclaimer/