Episode 4 - How will DeFi transform banking

In this episode, Olaf Ransome otherwise known as The Banker's Plumber is interviewed by Sean Kiernan to discuss how banking institutions can prepare for becoming fully decentralised, the shifting role of the custodian and how the new world of banking created by blockchain and digital assets can coexist with the traditional financial space. 🎧Link to our other podcasts: https://www.greengage.co/podcasts THE GUESTOlaf has been in financial services for some 35 years. First in what we call traditional finance and more recently helping the industry prepare for the new era of digital assets. For the last 13 years, he has worked as an independent consultant. He helped establish Fnality, the industry consortium working to set up a new means of payment on chain. Most recently, he worked with SDX, the Swiss digital exchange, the world's first regulated exchange and CSD.HIGHLIGHTS▶ How to bring Centralized and Decentralized infrastructure closer together▶ The potential for a better plumbing system▶ An overview of the regulatory landscapeTO GO FURTHERVisit https://3cadvisory.com/ TIMESTAMPS00:00:00 Intro00:01:26 Olaf’s background00:03:54 Banking and decentralized assets00:7:56 Different ways for banks to engage with crypto00:11:46 Custody of digital assets00:21:23  Developments in institutional clearing and custody of crypto00:27:31 Central banks and the issue of access to infrastructure 00:30:05 Different approaches to regulation across the world00:37:34 The future of Fiat currency00:41:42 Conclusion