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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.
Updated Sep 13, 2021, 12:20 p.m. Published Feb 24, 2020, 8:10 p.m.
A new crypto bank tries to address some of the most fundamental issues for institutions that want to get into the space.
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An incredible amount of work has gone into convincing institutional investors that bitcoin and other 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 eight products in its pipeline not currently available to U.S. investors.
In this interview, Caitlin and @nlw discuss:
- Why Avanti is needed
- Why Avanti will have 100 percent 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
1/ GREAT NUGGETS of wisdom from Doug Noland's post...gets me thinking on Saturdays☕️. FIRST, is #coronavirus just usual media fearmongering or a tragedy that could prick the huge credit bubble? Just
— Caitlin Long 🔑 (@CaitlinLong_) January 25, 2020
as banks can stay liquid LONG after they're insolvent... https://t.co/N0eRT7Cqb4
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