Webinar: Treasury Management with Decentralised Finance
30 March 2021 | 12pm EDT / 5pm BST
Investing in the crypto asset market – a guide for treasurers.
During 2020 and 2021, some corporate treasuries including Tesla and Microstrategy have invested a portion of their cash in cryptoassets, specifically bitcoin to hedge against the risk of inflation and to earn a return on excess cash. However, other corporate treasurers argue that cryptoassets such as bitcoin are highly volatile and “risky” from a traditional cash management perspective. At the same time putting cryptoassets, particularly fiat equivalent tokens i.e. “stablecoins” to “work” in various ways can provide a source of yield on excess cash, low rate working capital and diversification in cash investment portfolio strategy.
In this webinar, we discuss how innovators in crypto and decentralised finance are creating cash and liquidity management solutions for corporate treasurers in a low or negative interest rate environment.
Stani KulechovFounder & CEO Aave
Stani Kulechov is the Founder and CEO of Aave, an open source and non-custodial liquidity market protocol to earn interest on deposits and borrow assets. Stani was studying law at the University of Helsinki when he first got into Ethereum and he started exploring how it could impact the traditional financial system. In 2017, Stani released one of the first DeFi applications ever. Since then, he has made it his mission to create tools for an open, transparent, and equitable financial ecosystem through Aave Protocol.
Michael ShaulovCEO & Co-Founder Fireblocks
Michael is the CEO and co-founder of Fireblocks, a secure digital asset infrastructure company. Prior to Fireblocks, he co-founded Lacoon Mobile Security, which was acquired by Check Point, and was then appointed the Head of Products, Mobile and Cloud Security for Check Point. Michael is a serial cybersecurity entrepreneur and investor. He is also a recognized industry speaker, delivering talks at RSA Conference, BlackHat and Infosec. Before his commercial endeavors, Michael pioneered the mobile security field in an elite military technological unit (8200), where he received the Israeli Presidential Excellency Honor for his contributions. He holds a BSc in Computer Sciences and Physics from Ben-Gurion University, Israel.
Jeremy AllaireCEO & Co-Founder Circle
Jeremy Allaire is Co-Founder, Chairman and CEO of Circle, a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments and commerce. Founded in 2013, Circle is the pioneer of USD Coin (USDC), the fastest growing, fully-reserved, and regulated dollar stablecoin. Governed by the Centre Consortium, led by Circle and Coinbase, USDC’s market cap reached $9.8 billion in March 2021, growing by more than 800% in the past 12 months, with over $300 billion in transaction volume. Previously, Mr. Allaire co-founded and led multiple global internet technology companies with thousands of employees, hundreds of millions of consumers served, and multiple successful public offerings on NASDAQ. He has provided expert testimony on digital assets and monetary policy before the US Senate Committee on Homeland Security & Government Affairs, US Senate Banking Committee, and he has been named to the International Monetary Fund (IMF) High-Level Advisory Group on FinTech. Mr. Allaire provides perspective and policy recommendations at the highest levels inside financial bodies across the US, UK, and Europe.
Monica SingerSouth Africa Lead ConsenSys (moderator)
Monica was the first CEO of South Africa’s Central Securities Depository (CSD), Strate (Pty) Ltd which she set up in 1998 until she resigned in August 2017. In October 2017, Monica was appointed as South Africa Lead for Consensys, being the biggest blockchain company in the world. Monica has been recognised over the last 20 years with many awards, the most notable being the first winner of the Conscious Company award in South Africa in 2017.