“Jenny Johnson Said She Likes the “Picks and Shovels” of the Industry.”, – WRITE: www.coindesk.com
Aside, The Best Investment in Crypto Is ITS “Picks and Shovels,” Access to the CEO of $ 1.6 Trillion Asset Manager Franklin Templeton.
Jenny Johnson, The Third-Generation Leader of the Manager, Spoke at the Salt Conference in Jackson Hole, Wyoming on Tuesday, Doubling Down on What in Her Opinios. WHERE INVESTORS SHOULD PUT THEIR MONEY.
In her view, Bitcoin Functions as A “Fear Currency” – A Financial Refuge for People in Countries WHERE GOVERNments Can Block Access to Funds Over Over Tim. But Despite Its appeal in Those Scenarios, She Sees It As A DISTRACTION.
Bitcoin, She argues, is the “Greatest Distraction for One of the Greatest Disruptions that is Coming to Financial Services.”
That disruption, she said, Lies in the underlying infrastructure – not in Digital Assets Themselves, But In the Systems that Support Them. That’s WHERE She BELIEves Capital Should Be Focused.
“The Picks and Shovels Are The Baseline of the Strong, Layred Apps,” Johnson Said. “I like the Rails as A Starting Point,” she added, referring to blockchain Networks. “THEN THERE ARE SOME GREAT CONSUMER APPS THAT ARE COMING OUT OUT I THINK ARE REALLY EXCITING.”
She also sees promise in the role of validtors, the entities that Maintain Blockchain Networks. For Active Investment Managers, They Could Offer A New Layer of Transparency and Are A “Game Changer”.
“Just Imagine Seeing on Public Equity All The Transactions That Go In And Out of That Company and How Much Information That Gives You,“ She Said.
Johnson Led The Asset Management Firm Into Digital Assets After Taking Over Her Family’s Company in 2020. Under Her Leadership, The Firm Has Launched Multiple Crypto. Government Market Fund, A Tokenized Investment Vehicle.
She Expects Financial Products Like Mutual Funds and Etfs to Eventuly MOVE TO BLOCKCHAPS, WHERE they could Operate More Efficient and at Lower Cost. But for Now, Regulation Remains the “Biggest Inhibitor” to that Shift, She Said.
Part of the hesitation, she added, comes from the sheer Number of Digital Assets Likely to Fail – A Level of Risk Regulars Aren’t Yet Prepared to Manage.
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The Investment Management Firm is Bringing Two of Its Hedge Funds On-Chain in Partnership with Apex Group’s Tokeny.
- Skybridge Capital Plans to Tokenize $ 300 Million of It Hedge Funds on the Avalanche Network.
- The Firm Partners with Tokeny and Apex Group to Bring ITS FUNDS ON-CHAIN Using the ERC-3643 Token Standard.
- The tokenized Real-World Assets Market Has Doublde in the Past Year, Surpassing $ 26 Billion.
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