Crypto Talk – Web3 powered by GenTwo Digital

GenTwo Digital Managing Partner, Lucas Ereth welcomed three leaders to share their unique angle on the current market landscape and applications of blockchain technology in business from a custodial, regulatory, and investment perspective.

• Zarah Estermann, BD Director, Metaco
• Mark Hussey, Director DLT Lead, PwC
• David Long, Principal CV VC and

David Long presented our audience CV VC, the pioneering venture capital firm, that introduced digital assets to the traditional VC model. By focusing on early-stage startup investment, the firm has built a strong deal flow and relationships with larger institutions, leading a local ecosystem and community. Currently, David Long and his team are expanding their global reach with locations in Berlin and South Africa. We are proud that CV VC has made use of GenTwo’s turnkey securitization engine to bring their investment strategies to life. Via the issuance of an Actively Managed Certificate, they wrapped a discretionary portfolio of promising blockchain companies inside a bespoke financial product.

On the regulatory side, Mark Hussey provided us with interesting discoveries from PwC Switzerland’s industry survey in late 2021. The survey reports significant traction in crypto and blockchain, despite the market drop. The first half of the year was dominated by new market applicants, while Q2 and Q3 marked an increase in appetite from traditional players. Nearly all big players are assessing strategic options and preparing to enter the market. Their top priorities are wallet offering, custody, and brokerage infrastructure for their clients.

GenTwo Digital’s observations are in line with PwC Switzerland. The market for security tokens is still fragmented and widespread. Custodial infrastructure is being developed among institutional players, and they are still relying on traditional formats to make digital assets investable.

At the core of any application stands a robust and reliable custody solution that traditional players trust. Zarah Estermann illustrated what banking institutions are looking for when it comes to building up their own digital asset custody. Security and being future-proof drive their decision-making. The architecture needs to be agnostic and future-proof, which means API first to integrate with any kind of third-party providers and key management solutions. The fulfillment of the highest level of the US government's computer security standard for Crypto “FIPS 140-2” has also been a major step in their development.

In summary, it is important for financial intermediaries to have a flexible infrastructure, such as the one provided by GenTwo Digital.

You can watch the full recording of the panel below: 
 

Contact GenTwo Digital at contact@g2d.io if you would like to participate in the next event.