At the Finance Magnates London Summit 2023, industry
leaders convened for a pivotal discussion on “Bridging TradFi and Crypto: Work
in Process”, shedding light on the complexities and opportunities inherent in
integrating these two distinct spheres. Moderated by Chen Arad, COO at Solidus
Labs, the panel delved deep into the challenges, regulatory concerns, and
transformative potential of cryptocurrencies within traditional financial
frameworks.
The panel, comprising Cassandra Cox, Director of
Institutional Sales at LMAX Digital; Gareth Hughes, Head of Exchange at Zodia
Markets; and John Salmon, Partner and Head of Digital Assets and Blockchain
Practice at Hogan Lovells International, provided nuanced insights drawing from
their extensive experience in both traditional and crypto financial spheres.
Cox emphasized the similarities between crypto-assets and
traditional asset classes, stressing the importance of providing clients with
alpha-generating opportunities while navigating complexities in onboarding and
custody solutions.
Cox remarked: “Crypto, akin to traditional asset
classes, offers a return structure, providing alpha sources and trading
opportunities to clients. The initial conversation mirrors that of other asset
classes. While certain aspects of crypto may complicate onboarding and the
initial journey, the industry has diligently developed tools that can be
swiftly deployed.”
Hughes highlighted the critical decisions surrounding
custody solutions and market
access, underscoring the importance of reputable service providers and
understanding the nuances of crypto trading venues.
John Salmon, Partner and Head of Digital Assets and Blockchain Practice at Hogan Lovells
“The way individuals perceive the crypto industry is
inevitably influenced by their background, not just geographically, but from a
market perspective. Those with a forex background often
liken it to a currency
pair, while those with equities experience see it differently.” Hughes commented.”
Cassandra Cox, Director of Institutional Sales at LMAX Digital
“Crypto
isn’t entirely distinct; there are many similarities with the FX and equities
worlds, such as listed futures. Typically, people start by considering where to
custody their crypto, a question you should address personally, whether you
prefer owning your own wallets or…
