Podcast with Nasir Zubairi, CEO at LHoFT
The Luxembourg house of Financial Technology was set up in 2016 as a public-private sector initiative to help financial firms adopt and push further with digitalisation. Investment Officer recently met up with its CEO Nasir Zubairi for a podcast interview.
Tokenisation can bridge funding gap for infrastructure
An American early-stage fintech named Pontoro recently pitched in Luxembourg its development of an innovative new digital assets platform that makes infrstructure investments more liquid, and thus less difficult to finance.
Cryptocurrency crash to bring regulation – but how much?
The collapse in the value of two cryptocurrencies linked to South Korea’s Terra blockchain has sent the crypto world aflutter. The resultant crash wiped out over USD 15 billion in cryptocurrency value, raising questions about the level of stability offered by “stablecoins” and attracting the attention of politicians and regulators worldwide. Jake Lee, chief strategy officer of Gopax, a South Korean cryptocurrency exchange, who knows the players involved, shared his insights at the recent Finverse Forum conference in Luxembourg.
'Luxembourg set for mass adoption of tokenisation'
With its DLT white paper released in January, supervisor CSSF has triggered a broad industry debate on the use blockchain technology to adopt virtual assets, and about public versus private blockchains. The discussion is seen as positive, and, according to one industry expert, could pave the way “for mass adoption of asset tokenisation”.
Regulation seeks to encourage trust in digital assets
Digital assets are the talk of the Luxembourg financial centre and across Europe, with Mairead McGuinness, the European commissioner for financial services emphasising how the financial sector digitalisation can provide better access to products and services. New regulation is on the way to allow providers to build up the trust they need to overcome the negative publicity that has been attached especially to cryptocurrencies.
Companies active in Luxembourg are at the forefront of harnessing digital assets in service of the financial industry.
Luxembourg’s crypto opportunity demands a collective move
There’s a strong level of interest in crypto finance in Luxembourg’s financial centre, according to a survey carried out by the Luxembourg House of Financial Technology and PwC. The Grand Duchy nevertheless has yet to develop the necessary infrastructure to be a leading crypto finance centre.
The survey, entitled “Crypto-assets: Paradigm shift or short-term trend?” was carried out in the last quarter of 2021 and was presented on Wednesday at a Luxembourg event hosted by PwC.