As we are currently looking closely into the security token space with Liquiditeam, we realized that a solid custodianship infrastructure is much needed in the space, especially for tokenized assets. This should change significantly with AMLD5 coming into effect in January 2020.
While expectations might be high in the US, with players like Fidelity moving into the ring, in Europe it feels like few people are talking about custody (yet). The other point I would have expected to find at a different stage of the hype cycle is cryptocurrency custody services. When data is added “manually” to the blockchain, it’s a utility killer – trustlessness is gone and hence its tradeoffs in terms of performance don’t justify using it over centralized databases. Generally, I expect such use cases that rely on centralized oracles to not add much value to the economy. But on a few points, I beg to differ.Īt least in my bubble, expectations for the supply chain use case are significantly lower than they used to be, it feels like we are past peak here. I agree with most categorizations of the blockchain hype cycle. Bearish on Supply Chain Solutions, Bullish on Custody Services
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