Alt-Money: What is this Stuff?

February 3rd, 2020

Alt-Money: What Is This Stuff?

Dave Nadig, CIO & Director of Research ETFTrends/ETFdb

Why Do We Need Money?

Store of Value

Medium of Exchange Instrument of Policy

Bank for International Settlement, Paper 101, 2019

Four Unique Implementations (Not all even use Blockchain)

E-Cash

CryptoCurrency

BlockchainSettled Funds

General Purpose CBDC

Examples:

Paypal, Venmo, Alipay

Bitcoin

Libra

E-Krona, e-Peso, Sovereign

Ledger

Central & Proprietary

Distributed Blockchain

Quasi-Private Blockchain

Private Blockchain (maybe)

“What Do I Own?” A claim on the issuer’s assets

Digital Asset

Digitally Settled ETF

Fiat Currency

Regulation

Who knows?

SEC, they just don’t know it yet

Central Banks!

As “Money Transmitters”

Thank You dnadig@etfflows.com @DaveNadig