From Cashless to Tokenized Economy
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Recommended that you register at least two weeks in advance.
- Course date:04/09/2020
- Course Duration: 1 Day
- Level: Beginner-intermediate
- Prerequisites: None
- Method: Live & Virtual
- Venue: MicroTek
- Time: 9:00 am – 5:00 pm
- Dress Code: Business Casual
- Category: Trading and Market Structure
- Certificate: Yes
- CPE Credits: 7 Course Code: 606
From Cashless to Tokenized Economy
“Money itself is changing…. In ten, twenty, thirty years, who will still be exchanging pieces of paper?”
IMF chief Christine Lagarde said in a speech in November last year at Singapore Fintech Festival.
Stablecoins have been a “hot” topic for the past year, even before Facebook has introduced its own stablecoin, Libra, in June 2019. The introduction of Libra has simply stirred up things and accelerated policy makers and regulators involvement, globally. Suddenly, central banks around the globe – from China to the ECB to the US FED – are feeling the urgency to develop a Central Bank Digital Currency (CBDC) to protect the status of their national currency and the nation sovereignty.
We are moving (slowly but surely) to a tokenized economy. A 2015 survey by the World Economic Forum (WEF) predicted that 10% of global GDP would be stored on blockchain technology by 2027. Based on 2018 GDP this amount to $8.5 trillion and if we account for GDP growth then by 2027 this figure would be close to $24 trillion.
The future of a fully digitized-tokenized economy is more real than w e allow ourselves to imagine. In this course we take a dive into understanding the different types and uses of tokens, including stablecoins and CBDC – How they are used today, what pilot projects are in progress and what the future holds for our global economy.
Who should attend:
Bankers; financial analysts; investment advisors and consultants; portfolio managers; traders; private equity; asset management; risk management; hedge fund managers and associates; investors; compliance professionals; and anyone wishing to further their understanding on tokenization, stablecoins and how blockchain is about to revolutionize the payments and trading systems as we know them today.
Agenda is subject to change. Blockchain and cryptocurrencies space is very dynamic and evolving rapidly. Therefore, agenda will be updated as things evolve to make sure that the course encompasses the most updated state of what is happening in this space. Course is interactive, incorporating and encouraging Q&A as we go over the different topics. The case studies stated below are only a few examples of case studies. We will cover as many case studies as time permits.
We will cover in this course, the following, but not limited to:
- What are tokens?
- Types of tokens:
- Service (i.e., application)
- Valuation issues related to tokens
- What are stablecoins?
- Examples of usage
- Case study: Libra (of Facebook)
- Case study: JPM Coin (of JP Morgan)
- Public (decentralized) stablecoins – e.g., Tether, Circle, Pax
- Case study: Tether
- Benefits of using a stablecoin
- Regulations issues – US and globally
- Should a business accept cryptocurrency?
- Use cases in Japan
- Paying taxes with cryptocurrency
- Ohio – first state to accept tax payments with bitcoin
- Arizona state to follow in 2020
- What are the implications?
- Pilots of crypto payments services partnering with businesses – e.g., Flexa a payment startup
- Case study: AT&T allowing paying bills via cryptocurrency, BitPay
- Case study: Walmart considering launching its own cryptocurrency – what does this mean? How would it affect its business?
- Case study: Bakkt/Starbucks payment app partnership
- Central Bank Digital Currency (CBDC)
- IMF, ECB, FED views on CBDC
- Pilots underway
- How would it affect businesses?
- How would it affect the financial system and the global economy?
- Is there a need for stablecoins?
- Case studies:
- Central Banks of Canada and Singapore conduct successful experiment for cross-border payments using Distributed Ledger Technology
- China’s digital currency offering and its implications
- What is tokenization?
- Benefits of tokenization
- What can be tokenized?
- SEC views on tokens and tokenization
- What are the “big players” (e.g., Goldman Sachs, State Street) views on tokenization?
- Traditional asset classes – stocks, bonds, etc.
- Real estate
- Case study: UK Real estate startup, SmartLands
- Private equity
- Case study: Spencer Dinwiddie of the Brooklyn Nets is looking into tokenizing his $34 million contract
- Could you tokenize your business?
- Tokenization platforms
- What platforms exist today?
- What do they offer?
- How do they differ, if at all?
If you’d like to read articles by Merav Ozair, PhD, please click at the following:
Merav Ozair, PhD is a data scientist, a quant strategist and a Crypto/Blockchain expert. She has more than 12 years of business and consulting experience. She has in-depth knowledge and experience in global financial markets and its market microstructure. Currently, Dr. Ozair applies her unique expertise to investigating the blockchain ecosystem, digital assets, and crypto markets. …
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