There are two paths you can take as an international crypto custody player, argued Raimundo Castilla, CEO at Prosegur Crypto.
“The first solution, allows you to be your own custodian and set up your own custodial services for your customers or network and on the other hand you have full service custodians, who have the entire service around it.” – Raimundo Castilla
Solutions are a lot more sophisticated nowadays. As a big institution, to make sure your processes can be followed, you must combine both, the strong security of cold wallets and the flexibility & logic from software. Clarifies Henrik Gebbing, Co-CEO and Co-Founder at Finoa.
Over the last six months we’ve seen a tremendous interest from institutional players. Tesla and Paypal moving into the market and building out services for instance, has incredibly helped the conversation within the European market.
“Now, everyone understands this market as an asset class where new financial services will be developed around it”. Declared Lior Lamesh, Co-Founder & CEO at GK8.
Four years ago there was a colossal difference between the crypto ecosystem and the traditional financial system. What we have seen during the last few months is a convergence between those two Worlds. We just have to remember when Jamie Dimon, CEO of JP Morgan, said bitcoin was a fraud that would eventually blow up. The situation is now very different as JP Morgan will be launching a bitcoin fund for its HNW clients as soon as this Summer.
Bridges are going to be built by tokenizing and digitizing any asset. Obtaining this way, benefits from the same markets infrastructure and innovative products, claims Francisco Maroto, Blockchain Lead at BBVA.
As Lior Lamesh concluded, “You can’t hack what you can’t reach”.