#Ep. 10: Institutionalising Crypto and a Fintech Special!

September 18th, 2018 · 43 mins 9 secs

About this Episode

Ahmed has an exciting line up on this episode of Encrypted.

First up, Ahmed interviews the CEO of the ADGM Financial Services Regulatory Authority, Richard Teng.

They talk about the 3-year-old financial free trade zone, Abu Dhabi Global Markets (ADGM), and how it differs itself as a financial and fintech hub for the region.

Richard explains the regulatory sandbox that was recently implemented at the ADGM, also known as the RegLab, and how it aims to facilitate innovation through providing a relaxed regulatory environment and a test bed for new fintech business models and start-ups.

Richard further explains the fintech bridges they have built with overseas regulatory sandboxes that are similar in nature with the aim of increasing fintech adoption globally and also helping to close the funding gap between investors and start-ups.

Delving into the blockchain and crypto landscape, Richard discusses how the ADGM are building a comprehensive framework for this new industry comprising of exchanges, ICOs, ETFs and more.

Ahmed then enquires about how traditional capital from family offices and sovereign wealth funds will start to invest and take positions into this new asset class.

Next up, Ahmed is joined by Austin Alexander from the CEO’s office of Kraken and Dan Donny, the CEO of Securrency.

Ahmed gets straight into why both guests view the Abu Dhabi Global Markets as an attractive jurisdiction for blockchain and cryptocurrency companies. It is noteworthy that being able to go into great detail with forward thinking regulators is seen as a unique attribute when compared to other regulatory authorities across the world.

The three then go into the evolution of institutional money flowing into crypto and discussing the potential of when Wall Street money sitting on the side-lines will actually help mature the markets. Dan addresses the challenges that need to be addressed before institutional money flows in.

The concept of self regulated organisations (SROs) are explored too as well as the feasibility of ETFs being potentially a minor factor in bringing in new capital and funds into this space.

Ahmed opens up the discussions on security tokens and how important they will be moving forward as well as exploring their potential use cases in our guests’ respective businesses.

All of the above and more will be on this week’s episode of Encrypted!

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