CoinDesk Podcast Network

BREAKDOWN: Caitlin Long on Coronavirus, Crypto Custody and Building a Bank

A new crypto bank tries to address some of the most fundamental issues for institutions who want to get into the space.

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ABOUT

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An incredible amount of work has gone into convincing institutional investors that bitcoin and crypto should be on their radar. Now that many are convinced, however, they face some significant limitations in the infrastructure.

A new crypto bank out of Wyoming is designed to address those problems. Founded by Caitlin Long, Avanti is apply for a special purpose depository institution (SPDI) charter and already has 8 products in its pipeline not currently available to US investors.

In this interview, Caitlin and @nlw discuss:

  • Why Avanti is needed
  • Why Avanti will have 100% of assets in reserve at all times
  • Why the right model for crypto custody is more akin to valeting a car than current financial market models
  • Why building a crypto bank is important in the context of macro market turmoil
  • How Coronavirus is exposing pre-existing problems in the global economy

HOST

CoinDesk

CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies.

We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.

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