The Crypto Assets Conference at the Frankfurt School of Finance and Management on February 25th and 26th 2019 brought together internationally leading experts from the areas of blockchain, crypto currencies and finance. financial.com was co-organizer of the conference – in cooperation with the Frankfurt School Blockchain Center and the KI Group.
Where last year there was still the conviction that the old financial world had had its day, the focus is now on regulation and cooperation.
This year’s conference also focused on financial market aspects of blockchain technology, future prospects in Germany and Europe, and the impact of Security Token Offerings (STOs) and Initial Coin Offerings (ICOs) on traditional IPOs. Although the market capitalization of the 2,000 existing crypto currencies has collapsed from 800 billion to 130 billion, this has led to a certain cleaning up of the industry, in which black sheep are deprived of the business model and new opportunities are created for projects that cooperate with supervision. The Bitcoin Bank Bitwala in Berlin, for example, has already successfully demonstrated this.
The new stars of the conference in 2019 are above all the companies that cooperate with supervision, such as the start-up Bitbond, which arranges loans to the self-employed worldwide. Bitbond CEO Radoslav Albrecht was the first to obtain permission from the Bafin to transfer a classic registered bond to the Blockchain. The opposite side, which takes a critical view of the new trend towards regulation, was represented at the Crypto Assets Conference by Austin Alexander of the US platform Kraken. He walked around the conference wearing a Bitcoin flag over his shoulders like a cape and warned that central banks and supervisors are working to stop decentralization projects. Gregory Klumov of the Maltese start-up Stasis then rekindled optimism. Those who are intensively involved with regulation win the confidence of investors. So one can see that the industry is forming, gaining in substance, even though the Bitcoin has its heyday behind it.
“Tokenization” is the new keyword, which is also being promoted by the ITSA (International Token Standardization Association). The new institution founded by Prof. Dr. Philipp Sandner is dedicated to the standardization of tokens. It conducts discussions with regulators, coordinates suppliers and customers in the creation of a uniform infrastructure and is thus at the center of the professionalization of the blockchain industry.