Alex Zinder, a capital markets veteran who jumped on the blockchain bandwagon last year, attended the Paris Blockchain Week Summit, where he sat down with Cointelegraph to discuss blockchain projects. , the adoption of cryptocurrencies and the necessary approach of the traditional financial world to digital assets.
After nearly two decades in capital markets technology, Alex Zinder joined Ledger Enterprise in March 2021. He previously worked at Nasdaq, where he served as Director of Global Software Development and Associate Vice President of Enterprise Architecture.
Zinder now runs Ledger Enterprise, a suite of solutions that enable businesses to manage interactions on smart contract-enabled protocols that support staking, non-fungible tokens (NFTs), and other decentralized finance (DeFi) possibilities.
“Being on the side of the Nasdaq that was much more involved in the distributed ledger ecosystem of DLT platforms and looking at that from a more traditional financial services perspective”Zinder said, adding: “There was a tremendous amount of interesting experimentation activity in the space, but not a tremendous amount of adoption of actual use cases.”
Zinder was asked if cryptocurrencies need to be further developed to be considered a viable alternative by the traditional sector. According to him, it is not a “requisite or prerequisite”, as traditional players are “smart companies” and see opportunities. He stated that what he believes is currently happening is that “these opportunities are of sufficient scale” for traditional players to want to participate.
He noted that now “it’s no longer about playing and really understanding the space to make sure we don’t lose it, and now it’s more about having a financial opportunity here that we can monetize and grow and scale our businesses, which is a very different dynamic.” “.
Zinder also highlighted three main factors that align well with Ledger Enterprises’ overall strategy.. According to him, the scale of value, the scale of complexity and the scale of operations are much higher in the enterprise space. And he added that:
“Demand is definitely coming in, but I think we’re literally alone in the preference for what’s to come because the growth is going to continue exponentially for a significant period of time.”
Zinder addressed corporate cryptocurrency adoption and custody solutions explaining that the problems are not technological in nature but rather of processes, organizations and business model innovation because traditional companies must adapt to new models.
For years, government regulation has been a major topic in the crypto space. Zinder summarized his thoughts on enterprise blockchain, cryptocurrency adoption, and regulation as follows:
“So regulation is a factor, we’ve had a lot of conversations with regulators. […] In fact, we have several clients that are fully regulated entities. So several are known custodians, custodians are fully regulated in their regions.”
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