RULEMATCH Spot On - Institutional Crypto Networks

With more and more financial institutions offering crypto and digital asset services, the need for sophisticated tech to handle crypto is more important than ever. But it goes (far) beyond simple custody… Fireblocks SVP of Coporate Development Adam Levine spoke to Ian Simpson about the expanding role of tech providers in coordinating crypto market infrastructure - connecting liquidity and enabling banks and financial institutions to do bigger and better things in the growing digital assets market.

Episode show notes:

(1:02) Intro to Adam and Fireblocks

(2:15) Is Fireblocks still "just a tech provider"?

(4:01) How tech and Fireblocks is developing as the market remains fragmented

(6:12) The "layer on top" that institutions demand from crypto market infrastructure

(9:00) A difference of attitude and approach between US and European banks

(10:36) Why American banks are the least advanced

(10:53) The good thing about Europe

(12:45) Outsourcing vs "build-your-own" for crypto custody among banks

(14:50) Why there is a greater opportunity for banks in Europe to compete

(15:10) SDX Web3 custody as a prime example of Fireblocks tech in Switzerland

(15:35) What happens when companies "play at being a bank" with custody?

(16:55) Why vertical integrated offerings will disappear

(18:15) How off-venue custody is evolving

(19:20) Why MPC tech supports sophisticated custody setups

(20:57) The legal considerations to new custody setups

(22:05) Adam's history at CLS and the "unsexy" topic of settlement

(24:05) Why Fireblock's off-exchange solution is exciting

(25:02) How DvP or PvP mitigates settlement risk

(26:02) Will regulation and settlement considerations "localize" crypto markets?

(27:34) What could force the creation of a "crypto CLS"

(29:16) The progressivism of the UAE

(30:05) Top-down vs bottom-up drivers (like BlackRock)

(30:33) More technical feature requirements that institutions are looking for

(31:49) How soon will "pre-funded" trading go away?

(33:18) Is there FOMO among financial institutions?

(34:35) A closer look at Fireblocks's work in tokenization

(37:58) The details on tokenization possibilities

(39:12) Global impilcations of token templates

(40:47) Trading for new tokens created through Fireblocks

(42:20) Advising on tokens

(43:02) More about the Fireblocks Trust Company

(43:41) Who to count on in the "tokenization race"

(44:32) What to look out for in the collateral management space

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.