Tokenized Securities as the Next Wave of Crypto Currencies
Gregory Van den Bergh, founder and head of Bankorus, the first private platform for wealth management using blockchain and artificial intelligence, in his interview to CoinGeek told his opinion about the future of blockchain and financial industries.
Van den Bergh gained interest to the blockchain technology when he studied MBA in Beijing. He remembers: “We noticed we had a problem with a lot of the data that we were managing, and that’s how we came into blockchain.”
By his words, that time he realized that Beijing is the crypto capital of the world:
“A lot of the big projects come out of Beijing. If you look at the exchanges, Huobi, Binance and OKEx, the top three exchanges all come from China, so it’s easy for us to hire people because human capital is really our scarcest resource. That’s why we’re headquartered in Beijing.”
Bankorus offers asset management based on blockchain, as well as possibility to trade tokenized securities or investment tokens. Van den Bergh replied the question about expected tokenization of Bitcoin Cash:
“The more chains that support security tokens and securitization on the chain, the better. I was actually with [Bitcoin.com CEO] Roger Ver in Korea not so long ago, and he was actually talking about doing this. I think every chain should support security tokens and security token standards.”
By his opinion, the industry potential is yet to be unlocked. He says that Bankorus is a store based on the single window principle where people can buy and sell tokenized securities and manage their wealth using blockchain:
“In the same way that you now use Amazon or Alibaba to buy and sell stuff or Google to search things on this thing called the internet, you can use Bankorus to buy and sell and to manage your wealth on the blockchain.”
Berg considers that Bitcoin popularity grows, people do not only follow price fluctuations, but get more familiar with the technology.
“I think the next wave we’ll see after a lot of the retail people, and the [BTC] in the $20,000, start to dabble into crypto. I think now a lot of the institutions are coming in, not just with blockchain solutions but also in the investment side. I notice a lot of family offices here looking to invest in particular projects and get an access to the market. So I think the next wave after we have this retail wave in the last six months will be high net worth family offices going into [the blockchain] space. And for institutions, a lot of them are interested in the custody problem as well as security tokens which are, we believe, the next wave.”