“In the US, you are creating a framework that is second to none with regards to freedom and accessibility and also mobility in assets.” – 00:01:44
Jacques Boschung, the CEO of Halborn, joins Remy Blaire to discuss the burgeoning landscape of digital asset adoption. The conversation takes place at the New York Stock Exchange, where they explore the significant developments in the crypto space and the factors driving this growth.
Remy begins by highlighting the increasing acceptance of digital assets among the general public, noting that credit card companies are now offering crypto rewards and that trading crypto has become more accessible than ever. Jacques emphasizes that regulatory changes, particularly the Genius Act and the anticipated Clarity Act, are playing a crucial role in unlocking the potential of digital assets. He expresses optimism about the future, suggesting that these regulations will foster incredible growth and create a robust framework for investment in the U.S.
The discussion shifts to the global regulatory landscape, where Remy asks Jacques for his insights on how the U.S. can learn from countries like Switzerland and Singapore. Jacques believes that the U.S. is on the right path with its current regulatory framework, which he argues is designed to provide freedom, accessibility, and mobility in asset management.
As they delve deeper into the topic of innovation, Jacques references a recent study by State Street that reveals institutional investors currently hold about 6% of their assets in digital assets, with plans to triple that amount in the next three years. He predicts that private equity will be the first asset class to undergo tokenization, followed by bonds and equities, marking a significant shift in asset management.
Remy and Jacques also discuss the growing transaction volume in stablecoins, which reached nearly $9 trillion over the past year. Jacques highlights the implications of this growth for retail investors, who will gain access to new types of securities and benefit from increased market liquidity.
As the conversation progresses, they reflect on recent liquidity events, particularly one that occurred in early October. Jacques shares key lessons learned from this event, particularly regarding the readiness of banks to handle the complexities of digital asset custody. He points out that traditional custody methods are inadequate for digital assets, which require a different technical approach.