Respada Digital Asset Summit Describes Regulation and Diversification

The Respada Digital Asset Summit 2020, a self-described “invitation-only niche platform providing private market opportunities to the ultra-affluent,” was held December 10th, according to a press release.

The summit mainly discussed how users can diversify into cryptocurrencies over time. Speaking on the matter was the CEO of Alpha Sigma Capital, Enzo Villani, who said users should invest in Bitcoin “as either as a pure-play or bonding through a fund, trust or a stock that represents it. There are multiple vehicles in that space and a lot of has to do with management fees and premiums tied to it.”

Also sharing some thoughts is Marius Domokos, a Partner at DLA Piper, who said:

“In emerging businesses, digital currencies and cryptocurrencies are being used as a storage of wealth to diversify from existing assets, but ultimately the value will be derived from applications. Digital currencies and cryptocurrencies are being used as proxies for tokenising or securitising existing assets like real estate or for collateralising debt.”

Finally, Simon Lapscher, the co-founder of Liquality, commented on DeFi, stating:

“There are different financial primitives being created that are interoperable with one another. Everything is out in the open built mostly on Ethereum blockchain. A project can do what a bank does with minimal effort, since they have access to open-source tools that have already been built.”