In its latest “Talking Markets” podcast, industry experts from Franklin Templeton talk about the possible impact on the financial industry of advancements in blockchain technology and the rapidly evolving crypto ecosystem. Austin Trombley, data scientist with Franklin Templeton Fixed Income Group, thinks the disruption could happen without many consumers even noticing it. He’s joined by Rosario Ingargiola, the founder and CEO of OTCXN—an institutional-grade digital asset trading network, and Lauren Abendschein, institutional sales manager at digital currency exchange Coinbase. Leading the discussion on cryptocurrencies and blockchain technology is Franklin Templeton’s Anthony Hardy.
Here are some highlights from the podcast:
- Austin Trombley: I think we are going to see a lot of nascent bespoke assets that can trade and be in your wallet. And unbeknownst to us, blockchain will be powering the technology.
- Anthony Hardy: We see a trend toward institutionalization of crypto. A lot of big organizations have figured it out and a lot of other big organizations are trying to figure it out. I would expect that to continue over the next few years.
- Lauren Abendschein: Colleges and universities are investing in and offering a record number of classes in blockchain and cryptocurrency. We’ve also seen a proliferation of different types of strategies and approaches to valuing these assets.
- Rosario Ingargiola: I think up until recently one of the biggest barriers to institutional adoption [for crypto assets] was probably actually the dearth of custodianship for these digital assets. From our point of view, the custody problem has more or less been solved, but the real problem now is really the trading counterparty and settlement problem.
Listen to this podcast by clicking here.
