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We first wrote about Silvergate Bank when they announced their pre IPO round by the Witter Family Office (not by the usual VC Funds). The Witter name should ring a bell with finance folks as the money came from Mr. Dean Witter and the firm that bears his name (part of Morgan Stanley since 1997). […]
The post Silvergate is becoming a real crypto bank and that should worry legacy banks. appeared first on Daily Fintech.
At the end of March, Vitalik Buterin in an interview with Time Magazine specifically voiced his concerns about the market’s large amount of Ponzi-scheme Defi and NFT protocols and how they’ve hijacked the Ethereum platform and have driven fees sky high. People’s interest in crypto has skyrocketed among investors and in popular culture, thanks to […]
The post Like it or not, Crypto is changing everything appeared first on Daily Fintech.
Over the years, bitcoin has gone from fringe to the mainstream. Once the playground for diehard developers, it has become a major topic of conversation for governments, big tech, and banks who are looking to position themselves to make a land grab. Since the dawn of history, there’s been a power struggle between the old […]
The post Are you a bitcoin skeptic or believer? appeared first on Daily Fintech.
Shoppers have flocked to BNPL (Buy Now Pay Later) over the last couple of years as online shopping has surged amid the pandemic. While the idea is not particularly new, its rise in popularity among financial institutions, merchants, and consumers has been phenomenal. In fact, nearly half of all US consumers have made a purchase […]
The post Buy now, pay later. Better with crypto? appeared first on Daily Fintech.
For years banks around the world worried that regulating cryptocurrencies would legitimize them and pose a threat to the existing financial system. So they tried to kill bitcoin calling it a fraud, a Ponzi scheme, a vehicle for money launderers and terrorists to fund their activities. While in September 2017, Jamie Dimon, JPMorgan’s CEO, called […]
The post Every bank will become a bitcoin bank appeared first on Daily Fintech.
In November, when bitcoin and Ethereum reached all-time highs, famous athletes, politicians, and regular people raced to join in on the excitement by announcing that they would convert a portion of their salaries into cryptocurrency. Their argument was that if you get paid in US dollars, as inflation increases, the value of your paycheck decreases. […]
The post Forget cash. Pay me in bitcoin appeared first on Daily Fintech.
Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Ep. 5: Jason Meyers on Continuous Audit and Real-Time Reporting Jason is currently developing the only known use case of blockchain for the auditing industry with AuditChain, and bringing some much […]
The post XBRL News about sustainability reporting, proxy votes and value chain reengineering appeared first on Daily Fintech.
Listing on exchanges continues to dominate. Whether listing on regulated or unregulated Centralized exchanges (CEX) or Decentralized exchanges (DEX) of any sort; this has not changed at all for assets.
Brain Armstrong, the CEO of Coinbase, in his New Year medium post, foresees that we will be moving from a predominantly trading & speculation phase of cryptocurrencies and Tokens of all sorts, to a phase of actually Using Tokens.
In the meantime, however, incumbents and startups continue building all the necessary infrastructure to issue, custody, settle and clear, trade and invest of all sorts of digital assets.
Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019.
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Blockchain exposure a la ancienne
Investing via listed equities will never die. In fact, I foresee Blockchain will enable it grow exponentially. More listed equities, across more jurisdictions, better information, fractional ownership.
For now, the traditional way to participate in the growth of the Blockchain sector is to buy publicly traded stocks. For example, mining companies, companies building enterprise software, or hardware.
Hut 8 which is the largest publicly listed bitcoin-mining company worldwide. Listed on the Toronto stock exchange Hut 8 Mining (TSXV:HUT) has a market cap close to $100million. Most pure blockchain companies, have small capitalization (less than even $10mill). As a result, the market sees more potential to capture the upside in Blockchain by investing in publicly traded tech companies with significant strategic exposure to the sector.
Blockchain Stocks that lists and tracks such stocks, shows companies like Accenture, MasterCard or funds investing in the sector; as their picks in the List of Blockchain stocks and their list of Large cap Blockchain Stocks.
Traditional investors can otherwise consider public equity exposure to the Blockchain sector through thematic ETFs. In the US, there are 8 Blockchain thematic ETFs that have accumulated $240million?
Only 4 of them have managed to accumulate more than $10million and none of them have surpassed the $100million mark.
The top holdings of the two largest Blockchain ETFs are companies like the Japanese IT providers – GMO Internet and Digital Garage.
GMO is the company preparing for the launch of the first Yen backed stablecoin – GYEN. It is also expected to launch a new Bitcin mining device with low cost and electricity consumption, the B2 miner.
Digital Garage another Japanese company (4819-TYO) with and an ADR. They teamed up with Blockstream last year to serve institutional needs in the sector in Japan.
BLOK ETF has more than half a dozen Japanese companies in its top holdings, like LINE, KAKAO, SBI Holdings, and Korean Rakuten.
BLCN is more diverse with some Asian companies, like JD, Baidu, and LINE.
All Blockchain ETFs contain Bigtech companies, like Alphabet, SAP, or Nvidia.
In Europe, there is the Invesco Elwood Global Blockchain UCITS ETF listed on the LSE (BCHN:LN) with $38 million AUM since its launch last March.
Top holdings are similar to the US ETFs
In China, the Shenzhen Stock Exchange just launched a Blockchain 50 Index that includes listed companies on its exchange in the Blockchain sector.
The top holdings are Ping An Bank, Midea Group – electricity company, East Money Information.
The Shenzhen Stock Exchange, has applied to the China Securities Regulatory Commission for permission to list a blockchain exchange-traded fund (ETF) benchmarked off its index.
All these investment wrappers, are essentially offering tech exposure with a Blockchain tilt.
The post Blockchain Thematic ETFs from the West to the East appeared first on Daily Fintech.
We like We foresee adoption of Blockchain not Bitcoin Digital Currencies not Cryptocurrencies Stable Coins not CBDCs Blockchain not Bitcoin LIBRA not Cryptocurrencies CBDCs from China & the BRICs not the US These are picks of business media talk from the past and the present. As Ajit Tripathi, said to me in a conversation […]
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In September, SWIFT – the inter-bank messaging firm, announced the successful proof of concept (PoC) of the “GPI Link” platform in collaboration with R3. The SWIFT Global Payments Innovation (GPI) platform has previously trialled Hyperledger without much luck. However, with R3’s growing network of corporates, the pilot seems to have gone better. The pilot also […]
The post Corda powered SWIFT GPI Link could be a game-changer in global trade finance appeared first on Daily Fintech.