Setting Up for Crypto - Pedro Hubli & Michael Rausch (ZKB)

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RULEMATCH Spot On

RULEMATCH

35 episodes

4 days ago

RULEMATCH Spot On is the only podcast focused exclusively on the institutional crypto and digital assets industry. Hosted by Ian Simpson, each episode brings in-depth conversations with people "in the know" about what banks, hedge funds, asset managers and other institutions are doing in crypto and digital assets - and how they are doing it. Official RULEMATCH Channel

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Setting Up for Crypto - Pedro Hubli & Michael Rausch (ZKB)

RULEMATCH Spot On

54 minutes 13 seconds

1 month ago

Setting Up for Crypto - Pedro Hubli & Michael Rausch (ZKB)

Zürcher Kantonalbank is Switzerland’s 2nd (or 3rd…) largest bank by balance sheet. One year ago it launched a crypto service offering with much fanfare.

Now in an exclusive session, RULEMATCH Spot On host Ian Simpson sat down with two of the main persons responsible for the launch of ZKB’s crypto services - Head Digital Assets Solutions Pedro Hubli and Product Manager Digital Assets Michael Rausch.

They dove into the backstory of the bank’s move into crypto, how being a state-owned, AAA-rated bank influenced what (and how) ZKB implemented its offering.

Plus - Pedro and Michael discussed how crypto fits into the bank’s overall view on digital assets - and what “could” be a motivating factor for the bank to get involved in stablecoins.

Show notes:

2:13 - How big (and important) is Zurcher Kantonalbank?

3:31 - What does it mean to be a state-owned bank?

4:29 - The background of ZKB’s crypto offering

6;:28 - Evaluating AML, risk, trading/custody setup

9:09 - Consulting the competition about custody and more

10:29 - How tokenization started the ball rolling

12:17 - Is it now “bitcoin AND blockchain” ?

13:22 - The lifecycle of crypto at ZKB: buying BTC with a broker

16:04 - The lifecycle of crypto at ZKB: booking and custody

18:44 - FOMO in the market because of ZKB’s crypto offering

20:49 - Best pricing for clients

22:50 - “Just another asset class” ?

23:46 - (Negative) surprise along the way

25:24 - The average ZKB crypto investor

26:54 - ZKB’s visibility in the market with crypto

30:14 - Crypto, digital assets and the changing face of finance

32:03 - PoCs are dead, real value reigns

32:53 - The missing cash leg (stablecoins)

35:33 - The missing cooperation in Switzerland

37:19 - Different kinds of stablecoins

38:34 - Where does tokenization take off?

43:00 - ZKB and non-bankable assets

44:37 - ZKB’s potential role in an on-chain finance world

45:40 - What is still missing for tokenization?

46:30 - The need for secondary markets

50:02 - Building on Ethereum and following the trend

51:30 - Final advice for other banks moving into crypto

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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.

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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.