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central bank / CBDC Crypto decentralized finance digital securities / STO ICO / IEO stablecoins

·Dec. 23, 2019

Top 5 Decentralized Finance predictions for 2020 and beyond

In the long take this week, I revisit decentralized finance, providing both an overview and 2019 update. The meat of the writing is the following long-range predictions for the space in the next decade -- (1) the role of Fintech champions like Revolut and Robinhood as it relates to DeFi, (2) increasing systemic correlation and self-reference in the space, which requires emerging metrics for risk and transparency, and (3) the potential for national services like Social Security and student lending to run on DeFi infrastucture, (4) the promise of pulling real assets into DeFi smart contracts and earning staking rewards, and (5) continued importance of trying to bridge into Bitcoin. Here's to an outlandish 2020!

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DAOs decentralized finance exchanges / cap mkts game theory stablecoins

·Oct. 21, 2021

DeFi 2.0 Primer (part 1): Rise of Protocol Owned Liquidity and Olympus DAO mechanics

Decentralized finance is formulating new mechanisms to correct for the pitfalls of liquidity mining, yield farming, and other early token distribution approaches. This is happening both at the level of individual projects like Alchemix or Fei, and at the level of industry wide consolidation through Olympus DAO and Tokemak. We explore where this evolution is going, and potential outcomes. In this first part of the analysis, we look closely at Olympus DAO, the concept of Protocol Owned Liquidity, and whether the economics make sense.

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central bank / CBDC paytech stablecoins

·May. 1, 2020

Libra, Stablecoins, CBDCs and the Need for Digital Money

A digital world needs digital money, and a few influential players are actively working to build it. China's BSN initiative and Facebook's Libra embody the East's public sector led approach to building and owning the internet of value and the West's private sector led (and public sector challenged) attempt at cheaper commerce on the web. While the nature of the approaches may be different, the data and privacy considerations are eerily similar. For all of our past episodes and to sign up to our newsletter, please visit bankingthefuture.com. Thank you very much for joining us today. Please welcome Lex Sokolin.

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Crypto decentralized finance NFTs and digital objects stablecoins

·Dec. 11, 2020

5 Reactions to Messari’s 134 page crypto report

Sometimes more is more, and sometimes less is more.

In that spirit, we strongly urge you to check out Messari’s Crypto Theses for 2021. It is a mammoth work of 134 pages, covering each and every development in the ecosystem.

If you don’t want to fuss around with the email gate, the direct link is here.

We are going to pick out five things that are interesting to us substantively and provide a view below. By pick out, we mean screenshot and respond.

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Crypto Investing IPO / SPAC paytech stablecoins venture capital

·Jul. 11, 2021

The fundamentals of Circle’s $4.5B SPAC, Robinhood’s IPO, and the $30B of fintech venture capital

Last quarter, fintech funding rose to $30 billion, the highest on record. $14 billion of SPAC capital is waiting to take these companies public. Robinhood and Circle are about to float on the public markets, via SPAC and IPO. In this analysis, we explore the fundamentals of both companies, as well as the unifying thesis that explains their growth.

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central bank / CBDC Crypto decentralized finance ICO / IEO IPO / SPAC stablecoins

·Aug. 21, 2020

Decentralized Finance 101 with Kerman Kohli

In this conversation, we go through the essentials of Decentralized Finance with Kerman Kohli, who is a serial entrepreneur and the writer of the DeFi Weekly newsletter. We discuss the mechanics of issuing stablecoins, decentralized lending, decentralized exchange, automated market makers, and the increasing complexity of synthetic assets that have grown the sector to nearly $7 billion in August of 2020.

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stablecoins

·Nov. 9, 2023

Preserving the Singleness of Money as Stablecoins Enter the Economy

Preserving singleness of money as stablecoins are introduced are just one of the challenges UK regulators will face in ongoing regulation.

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big tech Crypto enterprise blockchain paytech stablecoins

·May. 6, 2019

Facebook and Bitfinex both want $1 Billion for Crypto Stablecoins

There is poetry in the symmetry of this situation. Bitfinex is looking to raise $1 billion in capital to support the most popular stablecoin Tether, which it controls. Facebook is reportedly looking to raise $1 billion in capital from First Data, Visa and Mastercard and other payments companies to shore up its own stablecoin asset. Poetry is where the similarities end, and all these devils are in the details.

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decentralized finance digital transformation enterprise blockchain stablecoins

·Jul. 1, 2019

$1B moved for $0.02 fee on Binance, $600M of Tether printed, $200M in DeFi lending

The web of investment bank technology, there are 20 or more core vendors on which systems run. Adding Blockchain to the mix merely adds a 21st system, which is by design incompatible with everything else. Thus enterprise chain projects have been focusing on integration and proofs of concepts, not re-engineering the core. But we know how this plays out -- as it has over and over again across Fintech. Digitizing "unimportant" channels and hoping for them to succeed simply doesn't work. See JP Morgan giving up on Finn, or Northern Trust capitulating its pioneering idea into Broadridge, or any other number of examples from Bloomberg to LPL Financial. Even the struggles of Digital Asset could be used as an example of the danger of working oneself into an existing web of solutions, and trying to preserve their dependencies.

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central bank / CBDC Crypto decentralized finance neobank Open Banking regulation & compliance stablecoins

·Jan. 11, 2021

How the OCC is building Crypto America and saving banks from extinction

This week, we look at:

How banks and financial advisors have failed to deliver on $1 trillion in capital appreciation for their clients over the last 12 years
The role of bank regulators in the United States, and the tensions between state and federal agencies
How the OCC is laying the groundwork for national banks to custody crypto assets, bank stablecoin reserves, run blockchain nodes, and use crypto payment networks

And instead of financial advisors or other CFAs guiding the retail market in good decision making, a newsfeed of *what’s popular* has driven Apple, Google, Tesla and the other John Galt hallucinations to the stratosphere. Don’t get us wrong. We love the robot as much as the next Fintech commentator. But it is clear to us that “the masses” are not being “advised”. And that the capital appreciation that matters — cementing the next trillion dollar networks for global future generations in work yet to emerge — is misunderstood and misrepresented by most financial professionals to their clients.

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