Capital Allocators – Inside the Institutional Investment Industry Marcos Veremis – Allocator's Perspective on Blockchain (EP.254, Crypto for Institutions 2, EP.01)
Jun 13, 2022
In this engaging discussion, Marcos Veremis, a Partner at Accolade Partners and an expert in blockchain investments, shares his journey from consultant to a key figure in crypto allocation. He reflects on how the Greek financial crisis sparked his interest in cryptocurrency and explores the evolving landscape of institutional investment in blockchain. Topics include manager selection, due diligence, and navigating systemic risks. Marcos also discusses the impact of wealth on behavior and the importance of resilience in the fast-paced world of digital assets.
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Early Institutional Interest
- Early institutional interest in crypto at Cambridge Associates was limited, with only a small percentage of clients exploring investments.
- Veremis's centralized research efforts and early manager underwriting laid the groundwork for future institutional adoption.
Increased Institutional Allocation
- Institutional interest in crypto has significantly increased, with more clients willing to allocate larger checks.
- This growth is driven by the recognition of crypto as a rapidly expanding technology category with limited institutional exposure.
Crypto as Venture Capital
- Most institutions categorize crypto investments within their venture capital allocations.
- This is due to the volatility and early liquidity of tokens, making it a distinct subset of venture capital.
