Our Digital Assets Industry Roundtables bring together leaders and experts from across the industry, from both leading digital assets and traditional finance firms, to explore the opportunities and challenges the digital assets industry faces.
“Stablecoins: the first killer app”, is a report that has been co-authored by Nick Philpott, Co-Founder of Zodia Markets and Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank.
Stablecoins were initially designed to facilitate trading, lending, and borrowing in digital assets, primarily on digital asset trading platforms (centralized exchanges, or CEXs). However, we are now witnessing a shift from these original purposes toward “real-world” applications akin to those provided in traditional finance (TradFi). Stablecoins are being used to save in USD terms, to transact in USD terms and for cross-border USD-to-USD transactions. This report explains the unique role that stablecoins are playing in replacing traditional financial instruments and some of the risks associated with that shift.
This story covers three topics. First, as markets evolve, they often see a wave of new entrants who are subject to lower regulatory requirements than the incumbents, sometimes known as ‘regulatory arbitrage’.
Cryptoasset markets are often thought of as innovative, which is true in some cases, but not all. Slow processes and regulation can certainly be frustrating, but market participants should always be careful to not be blinded by neophilia, or a love of novelty.
The Ethereum merge, completed in September, transitioned the blockchain’s consensus mechanism from an energy-intensive proof-of-work (POW) to a proof-of-stake (POS) protocol. This has reduced energy consumption by more than 99.9%.1
Zodia Markets is proud to announce its signing of the Armed Forces Covenant, demonstrating its commitment to treat fairly those who serve, or have served in the military, and their families, and emphasising the company’s dedication to fulfilling its social responsibilities.
Brian McGleenon 14 June 2024·4-min read BlackRock (BLK) is leading the charge in the mass tokenisation of real-world assets on blockchains, according to Zodia Markets Ireland chair Michael Walsh.
The deal will strengthen Zodia Markets’ over-the-counter business while allowing Elwood to conentrate on its software-as-a-service activities.
The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.
