Unlocking the Next Wave of Tokenized Assets | European Blockchain Convention 9

[Music] please join me in giving a very warm welcome to Anna sanan thank you 1 premium.com good afternoon thank you very much for joining the session today my name is Anna uh and I run the team covering financial institutions uh in fire blocks uh for emia customers for those of you who don't know fire blocks uh we are the uh leading wallet and treasury management platform uh for companies um globally we work with a lot of financial institutions and corporates that are working on a B2B basis um with uh cryptocurrency and digital assets we have been working and servicing financial institutions across use cases um for a couple of Cycles when we look at the Timeline uh and a few years back uh we were servicing the Pioneers in the space and um a lot of the use cases were allowed uh were about secure uh custody of uh cryptocurrencies um compliant anti money laundering and connecting to uh liquidity uh and trading venues then recently we had a a wave of projects around tokenization we are started with uh Fiat tokenization and then um as you see uh in the last few quarters there's been uh an explosion of ideas and use cases around organization of financial assets uh of real world assets and even non-financial assets in order to service uh all of these financial institutions in different jurisdictions subject to different regulatory Frameworks we had to adapt uh quite a lot in the last year and so um earlier this year just before the summer we announced an expansion in our uh Key Management options uh expanding from the multiparty computation that was uh at the core of our initial offer uh into um signing capabilities with HSM we are also uh exploring an open new Regional environments uh so expanding from the US uh into Switzerland the European Union uh and now also uh uh starting in Asia with the first deployment in Hong Kong that we're working on at the moment we also realized that we had to innovate on the wallet infrastructure in order to service the new business models uh that are emerging and so many of our customers are working with traditional wallet infrastructure uh where you have our customer the financial uh institution as as the custodian but in many of the use cases that are coming up uh our customers actually need to have the end user holding the private key to the wallet and so two months ago uh we launch our new uh non-custodial wallet as a service uh offering and I've been talking about a lot of things but not yet tokenization we've talk about uh Key Management uh data location and compliance ecosystem of venue um and wallet infrastructure um and what I'm here to tell you today is that we keep building to ensure that we can support any tokenization projects at the moment there is a lot of uh very complex organization projects there are some very simple ones uh some uh need a lot of uh tailoring and some others need to use existing libraries um and I want to take today through um three examples of the kinds of customers and kind of projects that we are successfully taking to the market so the first one of these examples is what we are going to call today native blockchain companies these are the teams that have uh existing capabilities uh to develop a smart contracts uh or the ability to use existing open libraries I've tried to represent on the slide uh at a very high level the pillars um that you need to bring an organization project into fruition and so you start with the smart contract uh development audit uh and then advisory service which when um I mean the uh Consulting but also the integration work uh into the existing core systems so for these native blockchain platforms they they don't need our advice or help uh on either the smart contractor advisory services but they will be leveraging fire blocks for secur Key Management um for the wallet infrastructure for the compliance and security Integrations developer tools uh antimon laundering travel Rule and soon uh onchain ID as well as the whole governance uh around the smart contracts both issuance and life cycle management and the example that I would like to talk about uh in this uh profile uh of of use cases is block tower block tower have launched uh a structure credit uh strategy in which they have um created finan and repaid uh a debt obligation on chain they have replaced a traditional calculation agent by a smart contracts by centrifuge and they have replaced your Traditional Escrow agent uh by smart contracts by maker um this strategy has proven that indeed you can uh at scale um reduced operational risk and counterparty risk and they have uh raised $150 million to date the second profile of customer that I would like to talk about is probably the Lion Share of what we're seeing in the Market at the moment and these are the financial institutions that are testing the rails with their first tokenization projects and for this they want to have expert advice they need to have firms that have Consulting teams that can bring all of the Departments uh and understand the complexities of the first organization projects they also have best smart contract libraries that adap very well to the needs of bonds uh loans um equities and adapt also very well to the requirements on each one of the jurisdictions and so what fireblock wants to propose for this is a concept uh of a marketplace where financial institutions can participate on different pilots and Leverage The expertise of the firm that is more appropriate for their needs uh and an example that I would like to point here today we have ab and Amro uh presenting as well uh in Barcelona um they have uh leveraged our infrastructure for the platform Services the key management the wallet infrastructure the governance um and they have issued two corporate bonds Pioneer in the space the first one in September on a stellar network uh leveraging uh bitbon Steam and the second one uh in September that was uh on public polygon um leveraging uh polygon techn um tokeny technology excuse me and uh issuing the first green corporate bond uh in Europe but we wanted to do more um and earlier this month uh we announced the acquisition of block fold block fold is an Australian company that has a lot of expertise on bespoke tokenization projects and this leads me to the third example of uh tokenization projects that we see in the market um and here we're talking about the most Innovative the most advanced projects that do not adapt very well to the existing libraries of a smart contract and require the spoke work and so as you see here with the same template of a slide the yellow box here uh encompasses all of the value chain where fire blocks can accompany our customers from the smart contract developments to the Integrations to all of the other platform services that we have discussed and the example that I would like to mention is the work that we did uh with bis project Mariana uh where we work together with the Central Bank of France the Central Bank of Singapore and the S&B in Switzerland we um created and mined a hypothetical digital Euro hypothetical uh digital Swiss frank and Singapore dollar we traded uh and settled uh this hypothetical cbdcs uh using defi technology and successfully tested the concept of automated uh automated Market making the team built all of the contracts and all of the platform front to back uh for this project and collaborated access sucessfully uh with FX Traders and and uh policy makers in the uh in the project we've also collaborated uh on the issuance on the first Government Bond uh on chain earlier this year as well as some other projects on tokenized Fiat real world assets that uh are quite uh Advanced and bespoke and so the uh the call to action here and the message that I would like to to leave you with is that fire block has both the platform and the expertise to help you bring your tokenization project uh into production um we're very happy to to talk to you uh and hear where can be uh helpful you can reach out to me directly on on LinkedIn I'm also available at Anna fire blogs.com you can reach out to us for our portal and then uh we are available at the booth come and talk to us we'll be very happy thanks a lot for your time