FYI - For Your Innovation Bridging Traditional and Decentralized Finance with 21Shares
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Nov 9, 2023 Ophelia Snyder and Eliézer Ndinga from 21Shares join ARK Director of Digital Assets to discuss bridging traditional finance with crypto, emphasizing regulations, education, and the synergy between traditional and decentralized finance. They explore the challenges of standardization and the significance of understanding regulations. They also discuss the different approaches to regulating cryptocurrencies and highlight the successful regulatory framework in Switzerland.
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Built For Their Mothers
- Ophelia and Hany built 21Shares to solve an access problem for their mothers who wanted crypto exposure without complex custody.
- They launched in Switzerland and expanded to ~40 products serving Europe and the Middle East, managing about $1.5B.
ETPs Bridge Crypto And Existing Finance
- 21Shares lists crypto ETPs on stock exchanges so investors can use existing bank or brokerage accounts for spot crypto exposure.
- Packaging crypto inside familiar financial wrappers removes infrastructure, tax, and reporting frictions for many investors.
Use Institutional Custody For Long-Term Holdings
- Use institutional-grade custody and segregated wallets for long-term crypto holdings to improve security and transparency.
- Prefer cold storage with strong authentication and staking options rather than exchange custody for sizable investments.