Custody & Wallets: Keeping Your Digital Assets Safe | European Blockchain Convention 9

The panel discussion highlighted key insights into the evolving landscape of crypto custody and blockchain adoption within traditional financial institutions.
The panelists, Natacha, Gernot, Nadia, and Victor, provided valuable insights into navigating the dynamic landscape of the financial industry, particularly in the context of digital assets and blockchain technology.
During the discussion, Natacha underscored the critical importance of staying relevant in the rapidly evolving financial landscape. She emphasized the need for continuous value addition for clients and the cultivation of strategic partnerships. Gernot echoed this sentiment while advocating for stability, emphasizing proactive engagement with regulators and collaboration with both Fintechs and other banking groups.
Nadia brought a unique perspective by highlighting the "co-opetition" aspect, stressing the indispensability of collaboration between large banks and startups for ecosystem development. Victor complemented this by emphasizing the need to break down organizational silos. He underscored the necessity for cross-disciplinary collaboration and alignment from top to bottom within organizations.
Shifting the focus to regulatory challenges, Natacha shed light on the complexities arising from fragmented national rules for digital assets in Europe. Gernot acknowledged these challenges but expressed optimism about the potential of the EU-DLT Pilot's sandbox regime for experimentation and harmonization. Nadia stressed the importance of education, particularly within banking staff, to demystify blockchain and crypto both for clients and internally.
Victor added a crucial dimension by addressing security concerns, particularly emphasizing the significance of account segregation to avoid re-hypothecation issues and meet regulatory requirements.
The conversation then delved into investment implications, with Gernot discussing the role of Bitcoin as a starting point for financial institutions to enter the crypto space. He envisioned a future where wallet interactions become more prevalent than ETPs, promoting a deeper integration of crypto technology into traditional finance. Natacha explored the benefits of tokenization, emphasizing transparency, efficiency, and the transformative power of blockchain.
Victor concluded by addressing the evolving landscape of interbank collaboration, emphasizing the necessity of interoperability, standardization, and international cooperation.
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Speakers:
Manuel Villegas Franceschi | Julius Baer
Natacha Dezert | BNP Paribas
Gernot Prettenthaler | Raiffeisen Bank International AG
Nadia Filali | Groupe Caisse des Dépôts
Victor Busson | Taurus
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