78 - Institutional DeFi Infrastructure | Fireblocks' Michael Shaulov
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 16 August 2021
⏱️ 99 minutes
🧾️ Download transcript
Summary
Fireblocks is building infrastructure to help businesses adopt digital assets with a suite of products, providing institutions access to DeFi with security and convenience. Last month, Fireblocks raised over $300 million at a $2.2B valuation.
CEO Michael Shaulov comes on the Bankless Podcast to explore why institutions are choosing to outsource their crypto-native workflows to an infrastructure company like Fireblocks, whose expertise and products aim to provide secure & effective storage, transactions, and issuance.
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Topics Covered:
0:00 Intro
6:00 Michael Shaulov of Fireblocks
8:05 Valuation and Raise
13:18 Institutional FOMO
17:39 What is Fireblocks?
22:27 Outsourcing Workflows
27:41 Institutions are Coming
31:31 Clients & Products
41:52 AWS For Crypto Banking
48:22 Security & Management
54:10 Bullish on DeFi
1:00:16 CeFi & DeFi Activity
1:08:20 Using Aave & Compound
1:12:50 Bridging into DeFi
1:15:58 Institutional DeFi
1:22:00 Regulation
1:30:26 Too Successful
1:35:31 The DeFi Mullet
1:39:17 Closing & Disclaimers
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Resources:
Fireblocks
https://www.fireblocks.com/
Fireblocks on Twitter
https://twitter.com/FireblocksHQ?s=20
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Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:18.3 | This is how to get started, how to get better, and how to front run the opportunity. |
| 0:22.5 | This is Ryan Sean Adams. |
| 0:23.5 | I'm here with David Hoffman, and we're here to help you become more bankless. |
| 0:28.4 | David, awesome podcast today, and subject I didn't know too much about who we talked to. |
| 0:33.0 | We talked to Michael Shalov from the Fireblocks company, which just raised $310 million, |
| 0:40.6 | which is all going to infrastructure to help people that get scared coming into crypto, |
| 0:45.6 | which is, I don't know, more or less everyone, especially when there's a lot of risk at stake, |
| 0:49.5 | so tended to geared towards institutions. |
| 0:52.3 | Fireblocks is a infrastructure for getting into the world of crypto, but not just getting |
| 0:57.6 | assets into cold storage, but getting them into safe storage, yet also cooking into all |
| 1:03.2 | of the cool powers that defy in the rest of the crypto ecosystem gives you. |
| 1:07.7 | So we talked to Michael about what it's like to build that company and really how this |
| 1:11.2 | company fits into the overall sphere of the crypto world and what they have really unlocked |
| 1:16.2 | and are enabling over at the world of fireblocks. |
| 1:18.8 | Yeah, absolutely. |
| 1:19.8 | This is like a huge bridge to crypto to me, and it's an institutional bridge, not only |
| 1:24.8 | to crypto, but it's also an institutional bridge to defy, so that's what's super exciting |
| 1:29.2 | about what Fireblocks is doing. |
| 1:30.5 | There are a lot of crypto custodians out there, Coinbase, Gemini. |
| 1:34.3 | They will hold your keys, there's companies like Bitcoin, that sort of thing, but Fireblocks |
| 1:38.4 | does more than that for institutions. |
... |
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