ABOUT THIS EPISODE
While some financial institutions have only recently gotten serious about crypto and digital assets, others have had a clear plan - for a long time. That is the case with asset management giant DWS.
In this edition of RULEMATCH Spot On, Global Head of Digital Products Alexander Bechtel tells Ian Simpson about the firm's 3-part strategy, its partnership with Flow Traders and Galaxy, its view on stablecoins - and perspectives for secondary markets in tokenized assets.
Show notes:
1:50 - Introducing Alex Bechtel
2:48 - The "driving forces" behind DWS's move into crypto
4:24 - A three-part strategy
7:17 - The progression from crypto to tokenized assets
9:29 - The real "winners" in the future of digital assets
11:02 - MiCA and DWS's crypto strategy
12:52 - The good thing about MiCA for stablecoins
13:46 - A German-issued Swiss stablecoin
15:44 - The end of MiCA grandfathering and the regulated market
16:53 - The "laggards" who are missing out on crypto and digital assets
17:31 - New roles for companies in the digital economy
19:02 - The future for MiCA institutions
20:06 - What traditional banks have lost
20:42 - The problem with crypto "concentration"
21:33 - The partnership behind AllUnity (Galaxy, DWS & Flow Traders)
23:49 - Dollar dominance among stablecoins - and what to do about it
26:09 - Putting EUR stablecoins on different blockchains
27:44 - The regulatory view on blockchains for stablecoins
29:41 - Potential competition from banks
31:18 - Why the word "euro stablecoin" is redundant
32:15 - Why tokenized deposits are really hard
33:55 - Disagreeing with Christine Lagarde
34:31 - The role of the central bank
36:08 - Driving forces behind tokenized money market funds
38:08 - A platform, not just a fund
40:19 - The missed potential of TMMFs
42:15 - What is still not in place for tokenized market infrastructure
43:44 - The "dirty" topic of AML for tokenized money market funds
46:45 - Use cases for TMMFs
47:57 - Intraday yield and TMMFs
48:42 - End-of-day pricing and secondary markets for TMMFs
50:32 - The changing face of capital markets
53:29 - Looking into the crystal ball
---
ABOUT THE HOST: Ian Simpson is Director of Marketing and Communication at RULEMATCH as well as host of the RULEMATCH Spot On podcast, focused exclusively on the institutional crypto and digital assets industry. Previously he was Head of Marketing at Bitcoin Suisse and Head of Communications at the Crypto Valley Association. Ian is a veteran of the Swiss crypto and digital assets industry since 2017. His insights on the Swiss crypto and blockchain ecosystem have been featured in CoinDesk, the leader in blockchain news.
------
Disclaimer:
The information contained in this podcast about RULEMATCH AG (“RULEMATCH”) and any guest company is for general informational purposes only and should not be considered exhaustive. They do not imply any elements of a contractual relationship nor any offering.
