All Things Digital Assets

The euro is the second most important currency in the fiat monetary system, commanding a 20-30% share in foreign exchange, global payments, international loans, and debt securities markets. In the $125bn global stablecoin market, though, Euro-based stablecoins make up less than 0.3% of the total market capitalization. Why is this the case, and what does the future hold for Euro-based stablecoins: Bright and shiny or remaining tiny?  Find answers to these questions in the latest Untitled Investment Talk with Gregory Klumov, CEO of Stasis, the issuer of the leading Euro stablecoin. Interviewer: Our UIE co-founder Dr. Karl-Michael Henneking. The talk covers the following topics:

We have seen a firework of announcements, new launches, and substantial moves in the crypto payment space in the last couple of weeks. Paypal, Visa, Mastercard, Shopify, SAP, Circle, and Solana Labs are just a few giants that flexed their muscles. Our UIE co-founder Dr. Karl-Michael Henneking invited Dr. Jonas Groß to look behind the scenes of the rapid evolution of crypto payments. Jonas is the COO of etonec, a company specializing in payments and digital assets. He is a well-known speaker, lecturer, podcast host, and the Chairman of the Digital Euro Association. The Untitled Investment Talk addresses the following questions:

Liquid Staking Derivatives are a game changer, taking the Ethereum staking ecosystem by storm. There is more value locked in Liquid Staking Token Finance (LST.fi) than in Decentralized Exchanges, and the LST.fi ecosystem is only growing. 50 new LST fi protocols have been launched only in the last few months. So, it's time to talk about the rise of Liquid Staking and the future of Ethereum staking. That's what Adam Campbell from Staking Rewards and our UIE co-founder Dr. Karl-Michael Henneking do in the latest Untitled Investment Talk. Topics covered:

(Almost) all you need to know about Decentralized Exchanges and their rapid evolution. AMMs, constant function market makers, oracle-based price discovery, DEX aggregators, the DeFi Libor, DeFi interest rates swaps, …. Where is the DEX space heading? Our guest Darren Camas, a crypto exchange veteran with over a decade of experience, helps us navigate the DEX market. Darren is the CEO of the decentralized derivative exchange IPOR. He knows the relevant players and technologies in and out. Enjoy this Untitled Investment Talk hosted by Dr. Karl-Michael Henneking. Topics covered:

CEX Innovation – How to beat Binance, Coinbase, and the likes Blue-chip centralized exchanges are hard to beat when it comes to liquidity, fees, and the number of assets. Is there a way for a smaller digital asset exchange to build a USP against the dominating players in the market? Learn in this Untitled Investment Talk how Christian Niedermüller the CEO of Blocktrade, the Head of Strategy and Growth Cviko Dukanovic, and the whole Blocktrade team tackle this challenge. The talk is hosted by Untitled Investment Expertise founder Dr. Karl-Michael Henneking and covers the following topics:

Play 2 Earn – Pipe Dream or Metaverse Economy? The ‘Metaverse' is going to be the next big thing. No doubt about that with @meta, @microsoft, @Tencent and others investing billions. What even is a ‘Metaverse' though? How do digital economies and in-game currencies work? How can you benefit from being early? Find the answers to these questions and others in the newest episode of the Untitled Investment Talk with Luke Lombe from Faculty Group, hosted by our Untitled Investment Expertise founders Simon Schaber and Dr. Karl-Michael Henneking. Topics covered in this show:

Bitcoin and ESG. An evergreen topic. It's good to have a balanced view in a polarized world. That's what you can expect from this Untitled Investment Talk with Philipp Sandner from the Frankfurt School of Finance, hosted by our Untitled Investment Expertise founder Karl-Michael Henneking.  Topics covered in this show: The mission of the Frankfurt School Blockchain Center Blockchain technology adoption and diffusion Bitcoin and Proof of Work from an environmental perspective Is Proof of Stake the solution? PoW: Widening the horizon with a 360 ESG view Facts and figures about Bitcoin CO2 emissions How to price the carbon footprint of Bitcoin Golden question  If you like this episode, subscribe to the Untitled Investment Talk on this podcast channel and follow Untitled Investment Expertise on LinkedIn. All signal, no noise! Pricing Bitcoin carbon emissions: https://philippsandner.medium.com/study-the-carbon-emissions-of-bitcoin-from-an-investor-perspective-4c90707474b8

Tokenizing everything. Is it desirable? Does it make sense? This is the second to last question in this Untitled Investment Talk with the blockchain and tokenization experts John Calian and Sebastian Becker from Riddle & Code. John is the CEO and Sebastian heads up business development at Riddle & Code – the blockchain interface company. Both have tons of experience which they share with our Untitled Investment Expertise co-founders Dr. Karl-Michael Henneking and Simon Schaber in this interview. Enjoy this deep dive into industrial tokenization and the hands-on insights from tokenizing community solar plants for one of Austria's largest energy companies. Topics covered: Riddle&Code's mission John's and Sebastian's way into the blockchain and crypto space Solar plant tokenization: Wien Energie project Tokenomics of the project Most critical processes Scalability Custody of tokens in an industrial set-up with corporate treasuries Impact of regulatory debate about hosted and ‘unhosted' wallets on crypto M2M settlements and machine wallets Golden questions If you like this episode, subscribe to the Untitled Investment Talk on this podcast channel and follow Untitled Investment Expertise on linkedin. All signal, no noise!

The title tells it all. Deep dive into the institutional crypto market and where it is heading. Jan Kühne from Coinbase Germany shares his unique know-how in institutional crypto and TradFi markets with the Untitled Investment Expertise founders Dr. Karl-Michael Henneking and Simon Schaber The Crypto machine room: Dog years Segmenting the institutional market What institutional clients want Milestones in institutional crypto adoption Way forward 1: B2C players capturing the B2B space? Way forward 2: Integration with TradFi or crypto walled gardens? DeFi lending Goldman Sachs CEO for a day If you like this episode, subscribe to the Untitled Investment Talk on this podcast channel and follow Untitled Investment Expertise on linkedin. All signal, no noise!

Karl-Michael Henneking und Simon Schaber sprechen in dieser deutschen Sonderfolge mit dem Retailtrading-Experten Sascha Huber über den rekordartigen Zulauf zu den Aktien- und Cryptomärkten der Jahre 2020 und 2021. Noch nie zuvor in der Geschichte der Bundesrepublik gab es so viele Investoren wie heute. -Was bringt vor allem Junge Leute an die Börsen? -Was erwarten sie sich von Crypto-Investitionen und ihren Finanzdienstleistern? -Warum sind viele mit ihren Hausbanken unzufrieden? -Kommen Kunden auch wieder "zurück", wenn sie einmal Cryptobörsen entdeckt haben? -Werden selbst Neobroker bereits überholt? Diese Fragen und viele weitere diskutieren unsere Experten in vertrauter Runde.

Are investors leaving gold for Bitcoin? Is 'digital gold' replacing the real deal? Are both asset classes at war with each other? Ronald-Peter Stoeferle and Mark J. Valek, authors of the yearly 'In Gold we Trust' report and the 'Bitcoin Chartbook' are speaking about innovative ways of bringing digital- and physical gold together, driving outsized returns, and producing optimal risk-return ratios. 'The Gold Standard of Gold Research': https://www.incrementum.li/en/ingoldwetrust-report/ The Bitcoin Chartbook: https://www.incrementum.li/en/journal/bitcoin-chartbook/ If you like this episode, subscribe to the Untitled Investment Talk on this podcast channel and follow Untitled Investment Expertise on LinkedIn.

‘Always sleep with one eye open … Because there is like no trodden path. We're sort of pushing into new frontiers with our machetes. Destroying bushes in front of us, just pushing forward into the unknown. And you never know, like if there's a snake jumping out, biting you in the ankle any second, and therefore you always need to remain vigilant.' Philipp Zimmerer from SPOOL DAO about how it is living in the DAOverse. Don't worry: no phantasy novel, but part 2 of a deep and open talk with Philipp Zimmerer, who is sharing his experience in building up the SPOOL DAO in this Untitled Investment Talk with Dr. Karl-Michael Henneking and Simon Schaber. Further topics covered: What regulatory challenges are DAOs facing? What SPOOL DAO learned from failures and successes of other DAOs What's state of the art in Investment DAOs, what are limitations? What kind of investment DAOs will we see in the future? How can and should DAOs collaborate? What DOA means in Chinese Golden question  To put things into perspective, we recommend listening to part 1 first. Stay tuned. Subscribe to the Untitled Investment Talk on this podcast channel and follow Untitled Investment Expertise on LinkedIn.

After a stuttering start in 2016, DAOs are back again at the top of the crypto hype curve these days. Numerous different DAO projects contribute to the $15bn TVL reached at the end of 2021. The lion share stems from DeFi protocol DAOs, but there are also operating system DAOs, collector DAOs, investment DAO and many more. Will DAOs survive a crypto winter, and if yes which DAOs? Our Untitled Expertise co-founders Dr. Karl-Michael Henneking and Simon Schaber discuss the DAO verse with Philipp Zimmerer, core contributor to the SPOOL DAO and a deep, hands-on DAO expert. This is a critical discussion, not a glamor talk. Philipp provides a behind-the-scenes view and shares his insights from setting up the SPOOL DAO. Further topics addressed in this part of the interview: What is a DAO and what is it good for? What's the advantage of investing in a DAO compared to more traditional investment vehicles? How are and how should DAOs be organized? How are you organizing the Spool DAO, and what sets it apart? Are DAO members more like shareholders or managers? What role do communities play? How to overcome voting and contribution apathy among DAO members? How useful are operating systems that provide tools to create and manage DAOs? Will 2022 be the year of the DAOs? What will drive DAO adoption? Part 2 of this talk will be live soon. Stay tuned. Subscribe to the Untitled Investment Talk on this podcast channel and follow Untitled Investment Expertise on LinkedIn.

Beyond 10 X – The art of investing in early-stage crypto projects What are future hype topics in the crypto space? Why invest in early-stage projects? How to select the future champs? How to deal with bear markets? How to manage risk? When to exit? Dr. Astrid Woollard and Christian Niedermüller from Smape Capital share their deep investment experience in digital assets with the Untitled Investment Expertise founders Dr. Karl-Michael Henneking and Simon Schaber. More on SMAPE's investment thesis here: SMAPE CAPITAL If you like this episode of our podcast show follow Untitled Investment Expertise on linkedin. All signal, no noise!

With shocking news on heavy handed regulation coming from the US and many European states the question presenting itself becomes harder to ignore: Are western governments trying to kill innovation and drive it overseas? Legal expert Dr. Nina-Luisa Siedler from DWF Law elaborates on what the next steps for DeFi projects can look like and the risks and opportunities the US Infrastructure bill and the European "Markets in Crypto Assets Regulation" bring. Hosted by the Untitled Investment Expertise founders Dr. Karl-Michael Henneking and Simon Schaber 

"A (wo)man without ethics is a wild beast loosed upon this world."  - Albert Camus - In an interview on investment ethics for digital assets and blockchain projects, what would be your answer? Traditional finance versus the crypto market: Where do you see more ethical issues? Is it ethical to invest in and sell meme coins like Doge or Shiba Inu? Is it ethical to assign students to find a vulnerability in a live blockchain smart contract? How to deal with scams and pump and dump schemes: self-regulation or policy enforcement by governments? Are crypto projects ESG compliant? ... Enjoy the show with Irina Heaver, Partner Blockchain & Digital Assets, Keystone Law Middle East Anne Griffin, AI and Blockchain expert, Owner Griffin Product & Growth Coaching hosted by the Untitled Investment Expertise founders Dr. Karl-Michael Henneking and Simon Schaber   

A bid of 2.5k ETH (>$9.5m) for crypto punk #6048 was declined two days back by the owner. What would you have done? Learn about the factors that drive the value of NFTs in the arts and collectibles space in this crypto nugget with IBM's blockchain and NFT expert Anthony Day. This recording is an excerpt from a more comprehensive talk on NFTs with our co-founders Dr. Karl-Michael Henneking and Simon Schaber. See the last episode of the Untitled Investment Talk.

Clearly identifiable, unique digital representations of identities on the Blockchain. Non Fungible Tokens have the potential to revolutionize the digital world as we know it.  From passports to concert tickets, from identities in supply chains to the screws in 150m dollar machines that make semiconductors, NFT's hold the power to unlock their true potential. If that is the case, then why are we mainly seeing them used to sell pixelated images for millions of dollars? Find out in this episode of the Untitled Investment Talk with IBM's very own blockchain and NFT expert Anthony Day.

A lot of regulatory crypto drama in the US lately. Learn why our guest Jimmie Lenz believes that investor protection is used as a camouflage argument. Listen to Patrick Hansen to understand why crypto prices have ignored all that drama. Transatlantic dialogue on US versus EU crypto regulation and latest regulatory developments moderated by our co-founders Dr. Karl-Michael Henneking and Simon Schaber 夏商周 Enjoy the show!

USD Coin carries default risk, Tether is largely backed by obscure commercial papers and Binance is getting bogged down in legal battles around the globe. Find out how Carol Alexander, Professor at the University of Sussex Business School, Visiting Professor, Peking University HSBC Business School thinks about recent market developments. Dr. Karl-Michael Henneking and Simon Schaber talked with her about Binance and Tether as risk factors as well as market manipulation and toxic flow in Crypto markets. Enjoy the show! We recommend visiting https://www.coalexander.com/blog for the latest quantitative insights from Carol's research projects.

Nachdem wir zunächst einzelne Ausschnitte zu Spezialbereichen der DeFi Besteuerung veröffentlicht haben, nun das Interview von Dr. Karl-Michael Henneking und Simon Schaber mit Dr. Niklas Schmidt in voller Länge. Dr. Niklas Schmidt ist Partner Steuern bei Wolf Theiss Rechtsanwälte in Österreich und kennt sich nicht nur sehr gut mit Steuern, sondern auch im Bereich Defi aus. Vorsicht: Hier geht es zur Sache. Kein Easy Listening.

Wie wird Staking von Crypto Assets gehandhabt? Auf was muss man achten? 9 Minuten Druckbetankung: Kurz und kompakt. Ausschnitt aus einem umfassenden Interview zur Besteuerung von DeFi in Österreich und Deutschland, das Dr. Karl-Michael Henneking und Simon Schaber mit Dr. Niklas Schmidt geführt haben. Niklas Schmidt ist Partner Steuern bei Wolf Theiss und zugleich ein ausgewiesener DeFi Experte.

Wie funktioniert Automated Market Making? Wie wird Liquiditätsbereitstellung auf dezentralisierten Marktplätzen besteuert? 9 Minuten Druckbetankung: Kurz und kompakt. Ausschnitt aus einem umfassenden Interview zur Besteuerung von DeFi in Österreich und Deutschland, das Dr. Karl-Michael Henneking und Simon Schaber mit Dr. Niklas Schmidt geführt haben. Niklas Schmidt ist Partner Steuern bei Wolf Theiss und zugleich ein ausgewiesener DeFi Experte.

Die wichtigsten Fakten komprimiert auf 10 Minuten. All Signal no Noise!

El Salvador accepts Bitcoin as legal tender. Is this a flash in the pan or the beginning of a global domino effect? Find out how Dr. Cyrus de la Rubia, the Chief Economist of Hamburg Commercial Bank, thinks about cryptocurrencies and macroeconomics. Dr. Karl-Michael Henneking and Simon Schaber talked with him about Bitcoin as an inflation hedge, the digital gold narrative, DeFi risks, crypto regulation, and a broad range of further macro topics. Enjoy the show!

Future of Crypto Taxation. Plea for a radical crypto tax reform. Interview with Dr. Niklas Schmidt, tax partner at Wolf Theiss Attorneys in law. Dr. Niklas Schmidt is a tax expert with deep practical experience in digital asset trading and Defi. Further topics the Untitled Investment Expertise founders Dr. Karl-Michael Henneking and Simon Schaber discussed with him International taxation of crypto assets Where crypto trading is tax-free Ways to optimize crypto taxes AI and crypto tax software replacing tax advisors

DeFi is eating the world (of finance). Finance is changing faster than ever and banks have to either evolve or face extinction. Deutsche Bank's Head of Digital Assets and Currency Strategy, Alexander Bechtel speaks with our hosts Karl-Michael Henneking and Simon Schaber about the future of finance.

The narrative has holes ... Privacy is a major concern when it comes to using Central Bank Digital Currencies for individual and business payments. Due to regulatory requirements, the Digital Euro can't be fully anonymous - according to ECB and national banks' statements. CBDC expert Alexander Bechtel challenges this view in the Untitled Investment Talk with Dr. Karl-Michael Henneking and Simon Schaber, the founders of Untitled Investment Expertise. And he has a technical solution for the ECB at hand. A talk on the most convincing use cases of a retail and wholesale CBDC; public, political versus commercial banks' acceptance of the Digital Euro; if and what kind of blockchain/dlt technology a digital currency will be built on and why programmability of the Digital Euro isn't necessarily all good.

All you need to know about the future of derivatives markets in crypto with Jimmie Lenz, director of the Master's of Engineering in Fintech and Cybersecurity at Duke University. Jimmie is a renowned industry expert with decades of experience in the worlds of finance and engineering.  Our co-founders Dr. Karl-Michael Henneking and Simon Schaber 夏商周 had the opportunity of discussing the future of the global financial system in an extended interview.   Stay tuned. Follow Untitled Investment Expertise and get notified about the latest Untitled Investment Talks. All signal, no noise.

Love it or hate it: Crypto markets will see regulation. But what kind of regulation? Is EU's MICA regulation going too far, i.e. putting handcuffs on stablecoins and DeFi startups? Or is MiCAR the long-awaited and forward-looking regulatory framework that brings Europe to the global pool position in digital asset markets? All investors need to know about this topic in a compact, to the point interview with Patrick Hansen, head of blockchain at Bitkom e.V., conducted by our co-founders Dr. Karl-Michael Henneking and Simon Schaber For further reading check Patrick's blogpost https://law.stanford.edu/2021/01/12/new-crypto-rules-in-the-eu-gateway-for-mass-adoption-or-excessive-regulation/

Do markets (still) need a centralized facilitator? Over the past year we have seen the rise of Decentralized Finance from an obscure and niche phenomenon to an industry worth more than $52 billion. Digital assets are traded in a trustless fashion and with large volumes. Markets are created, thrive and fizzle away within days or weeks. If you are still trying to come to terms with Crypto being an asset class worth $2 trillion, then DeFi might make you feel uneasy at first. Our founders Dr. Karl-Michael Henneking and Simon Schaber 夏商周 had the great pleasure of speaking with Jan Kühne, B2B Sales and Partnerships at Börse Stuttgart Digital Exchange on the differences, similarities, up- and downsides of centralized, high-trust and decentralized, trustless exchanges. Enjoy the show!

Finance is changing by the day. Either we change with it or become redundant. Challenger banks and Fintechs like Solarisbank, N26 and Kraken are rapidly innovating on the fundamentals of the industry. Are retail banks in their current forms still going to exist by 2030? Our founders Karl-Michael and Simon had the great pleasure of speaking with Julian Grigo, Managing Director of Digital Assets at Solarisbank on the topics that really matter.   

$40 Billion locked in DeFi. US-trash bonds with 4% risk of default yielding 3,9%. 3.1 million ETH staking at 9% yield p.a. Ethereum and BTC at all time highs. By 2030 there will be no more banks. Only DeFi-onramp companies. DeFi is the largest success story of 2020 with AUM growing 40-fold year on year. Our latest guest on the Untitled Investment Talk, Victor von Wachter is one of the most premier academics in the industry. Currently researching DeFi systems at the University of Copenhagen, his insights both from the financial- and technological world prove invaluable time and again in understanding this interdisciplinary field.

Will regulatory compliant stablecoins replace Tether and co in the future?  What's the benefit of a Euro-backed stablecoin? Will it co-exist with a Central bank digital currency?  Radoslav Albrecht, CEO of Bitbond, and Lukas Weniger from Bankhaus von der Heydt provide deep insights on stablecoins in the Untitled Investment Talk. The show is hosted by Untitled Investment Expertise co-founders Dr. Karl-Michael Henneking and Simon Schaber.

How will sports clubs be funded in the future? What role do fanvestors play? What are the advantages of tokenized fundraising? Why do fan engagement and funding better go hand in hand, and why is tokenization an ideal means to enable such synergies? Simon Schaber and Dr. Karl-Michael Henneking discuss new ways of professional sports financing with Dr. Oliver Krause, the Chairman of liquiditeam. Liquiditeam is a digital disruptor providing innovative fan engagement solutions for sports clubs and athletes, powered by blockchain technology.

Our Co-hosts Karl-Michael and Simon had the opportunity to learn more about liquidi.team's efforts to tokenize the sports world. The news that they would go this way with Borussia Dortmund (BVB) made waves not only in the crypto-space. What are the main challenges? How does blockchain technology enable the creation of value for fans, clubs and investors? Join us and find out!

Part 2  Fintech innovation is central in the ascent of the crypto financial system. Liquidity mining, lending, staking and perpetual futures, rapid change offers massive opportunities if risks are properly managed. In this episode, listeners get an in-depth and concise overview of how to optimize their investment strategies from a tax-perspective in new, high-yield, DeFi products. (Special deep-dive on Germany and Austria)

Crypto portfolios boosted this year. But how much of your gains can you keep, how much is taxed? How to minimize the tax load? Taxation depends on the type of asset, holding period, whether you are a private person or a corporation, specifics of national tax schemes, and much more. Dr. Karl-Michael Henneking and Simon Schaber from Untitled Investment Expertise discuss crypto taxation with Florian Wimmer the CEO of the leading European crypto tax solution provider Blockpit. This is part 1 of the Untitled Investment Talk.

Tokenization can save up to 65% costs in the issuance of securities - according to a recent study by the digital asset servicing and tokenization specialists Finoa and Cashlink. This is part two of the Untitled Investment Talk on cost disruption in the trillions $ market of digital securities. Dr. Karl-Michael Henneking and Simon Schaber from Untitled Investment Expertise discuss how to unlock cost savings along the issuance value chain with Christopher May, Co-Founder of Finoa, and Michael Duttlinger, CEO of Cashlink. 

Tokenization of securities is a multi-trillion $ market. How does this work in practice? What are the benefits? What are the learnings from tokenizing a blue-chip stock? Dr. Karl-Michael Henneking and Simon Schaber from Untitled Investment Expertise talk with two market shapers: Christopher May, the  Co-CEO of the custody service provider Finoa and Michael Duttlinger, CEO of the tokenisation infrastructure specialist Cashlink. This is part 1 of the Untitled Investment Talk.

Bitcoin, Blockchains and the Future of the Internet! Behind the scenes of the cryptopia movie. Dr. Karl-Michael Henneking and Simon Schaber from Untitled Investment Expertise talk with the filmmaker and entrepreneur Torsten Hoffmann about his award-winning crypto documentaries. Enjoy the show and the movie. Support independent filmmakers. For our fans: a special 30% discount at check-out of cryptopiafilm.com, code: uinc

What techniques do professional investors use to optimize their risk-return ratio? How can technical analysis be beneficial for value investors? For which digital assets does it work best?  This Untitled Investment Talk is the second part of an interview conducted with Gys Hough from Coinstone Capital. Gys discusses key questions around smart investment techniques for digital assets with Simon Schaber and Dr. Karl-Michael Henneking from Untitled Investment Expertise. 

How does a crypto fund select digital assets? When to invest at what price? How can model portfolios help? Where is the DeFi market heading - infrastructure protocols versus layer 2 applications? What is the next big thing after DeFi?  Untitled Investment Expertise founders Simon Schaber and Dr. Karl-Michael Henneking invited Gys Hough from Coinstone Capital to share his view and discuss these questions in the Untitled Investment Talk.

Tech companies reach sky-rocket valuations these days. Is this sustainable or a bubble? Are cryptocurrencies an alternative to hedge public stock market risks? How to determine the value of digital assets? These are the topics Simon Schaber and Dr. Karl-Michael Henneking from Untitled Investment Expertise are covering in episode #4 of the Untitled Investment Talk. 

Is the current Decentralised Finance craze just repeating the ICO history of 2017/18? What drives the market and how will it develop? That's what Simon Schaber and Dr. Karl-Michael Henneking from Untitled Investment Expertise discuss in this episode of the Untitled Investment Talk.

Managed custody for digital assets is a global race for supremacy. Who are the players? What makes a good institutional-grade custodian? Simon Schaber and Dr. Karl-Michael Henneking - both co-founders of Untitled Investment Expertise - discuss the global crypto custody landscape.  

Why custody is an important piece in the puzzle for institutional investors in cryptocurrencies and digital assets. Simon & Karl-Michael from UIE discuss crypto custody in the light of the new regulation in Germany.