Today I am pleased to speak to Richard Astle. Richard is the head of Switzerland and Middle East at Fireblocks. Fireblocks is a platform for institutions to help them custody and manage crypto assets as well as access Defi. Their clients are mainly institutions trading crypto and custodying crypto for clients.
In this episode we discuss
- Hot, cold and warm storage
- Advantages of MPC - multiparty computation
- How blockchain settlements differ from legacy settlements
- The threat to legacy banks of challenger banks and Coinbase
- Client demand for Defi
Timestamps
00:00 Introduction
00:51 What problem Fireblocks is solving
01:56 Hot warm and cold storage
03:11 How it works
07:49 Advantages of MPC-multiparty computation
11:07 How blockchain settlements are different from legacy settlements
17:03 Timeline for DLT adoption
17:35 Blockchain 3 party accounting system
19:16 Fragmentation of bank infrastructure and where legacy systems come from
24:35 risk of legacy banks business model
24:51 Challenger banks and Coinbase
28:21 How Fireblocks vision of crypto trading was novel
29:21 Growth at Fireblocks
31:49 Legacy and crypto native institutions co-existing
32:55 How banks could evolve
33:34 Fireblocks - Milestones
35:03 Client demand for Defi
38:11 Fireblocks and Aave arc
Links
Richard Astle Linkedin
https://www.linkedin.com/in/richard-astle-84237090/
Fireblocks
https://www.fireblocks.com/
Visit the website and support the podcast with BTC or fiat
https://www.theswissroadtocrypto.com/
affiliate links
Andreas Antonopoulos - access to his shop, courses, books and goods - click link below
https://aantonop.com/shop/?raf=ref2475594
This podcast is produced by Didier Borel.
Copyright © *2020* *The Swiss Road to Crypto*, All rights reserved.
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Copyright © *2020* *The Swiss Road to Crypto*, All rights reserved.
Richard Astle - Fireblocks