Steve Kurz, Galaxy Digital’s Head of Asset Management, and Michael Jordan, decentralized finance (DeFi) expert, discuss Ethereum, decentralized finance, and digital assets portfolio allocation considerations.
“DeFi” or decentralized finance is a catch-all phrase that refers to any blockchain or crypto-based technology or application designed to disrupt existing financial intermediaries. DeFi, built primarily on Ethereum Blockchain, challenges the human limitations of traditional finance and aims to deliver a sophisticated, accessible and secure solution for all.
DeFi serves as a global alternative to traditional financial services and does not rely on central financial intermediaries like brokerages, exchanges, or banks. It can replicate financial functions like borrowing, lending, and exchanging assets. It’s powered by a native digital asset, and utilizes smart contracts, which are like computer programs that can execute automatically when certain conditions are met. So, instead of a peer-to-peer borrowing and exchange, it’s peer to contract. This financial technology developed as a way to match the growing need for digitization of financial services infrastructure in a trustworthy way.
Decentralized finance and Ethereum usage is on the rise. Over the last few years, the influx of dollars into DeFi has grown and the type of applications available has also exploded. Today, DeFi is still in an its infancy relative to cryptocurrency as a whole and very small relative to the rest of the world. This emerging asset class has tremendous growth and disruption potential. DeFi is ultimately rebuilding the current financial infrastructure to be faster, more cost-efficient, and fully transparent, to build a better future for finance.
Galaxy Fund Management provides institutional-grade access to the digital assets ecosystem via public funds, private passive funds, private active funds, and interactive venture.
Galaxy Digital is a diversified investment manager with $2.1 billion in assets under management, specializing in building innovative digital asset solutions for the institutional investor. The Galaxy Crypto Index Fund, for example, tracks the rules-based Bloomberg Galaxy Crypto Index and is designed to provide exposure to the largest, most liquid portion of the cryptocurrency market.
To learn more, catch a replay of Galaxy’s webcast: Ethereum’s Evolution and the Rise of Decentralized Finance.
Ethereum adoption marches on as investors recognize its growth potential and real-world applications like decentralized finance (DeFi). With a market capitalization of over $333 billion, Ethereum is now a digital asset you can’t afford to ignore. As your clients continue to inquire about cryptocurrencies, they’ll increasingly expect you to be prepared to discuss Ethereum. We’re here to help you understand its latest developments, such as the Ethereum 2.0 upgrades, which have far-reaching implications for the future of the asset, and the emerging DeFi revolution, which has the potential to upend the entire financial system as we know it today. Join Galaxy Digital’s Head of Asset Management Steve Kurz and Ethereum expert Michael Jordan for a straightforward discussion of:
- Ethereum and its latest developments
- DeFi and its continued growth
- How to incorporate Ethereum and DeFi in client portfolios
Steve and Michael will also discuss how to approach client conversations about this corner of the digital asset class, including answers to their frequently asked questions. Their informative presentation will leave you feeling more confident discussing both Ethereum and DeFi with your clients and understanding where they fit in the portfolio. Watch Replay