Liechtenstein-based alternative investment fund Incrementum has released a report themed on the “crypto winter”: major players are working on infrastructure while authorities are clearing up the debris of the ICO hype.
- Institutional Grade Custody: interviews with leading firms offering cryptocurrency custody solutions for institutional investors. Card Wallet, Daenerys, Blockvault, Swiss Crypto Vault, and Crypto Finance AG all describe the inner workings of their secure storage. Bottom line: Hardware Security Modules (HSMs) matter.
- Securitization or Tokenization: The Security Token Offering (STO) is becoming a popular alternative to the Initial Coin Offering (ICO). However, STOs are more expensive, and none of the large cryptocurrency exchanges are licensed to trade securities. A third option, coming from traditional finance, is certificates. This edition cover the benefits of all three.
- The Incrementum Investible Cryptoasset Index: Most cryptocurrency indices do not take into consideration the liquidity and regulatory requirements for institutional investors. The Incrementum Investible Cryptoasset Index needs tokens to be able to be stored in cold storage, does not invest in privacy coins, coins with market capitalizations below $500 million, and coins that have been on the market for less than one year. Our index had a yearly return of over 16% since last December.
- The Bitcoin Standard: In a fireside chat with Saifedean Ammous, we argue that a debt-based monetary system like the euro or the dollar must be inflationary because interest payments must be paid and the currency for interest has to be created via debt. A free market for money would enable currencies like bitcoin to compete with central bank issued cryptocurrencies, such as Fedcoin. Even more illuminating is our discussion on how money should actually appreciate every year, and bank accounts need not pay interest at all for depository services.