Top 20 pre-IPO companies are now worth $3T+ combined. Secondary trading hit $1B on a single platform. This isn't a niche anymore. It's a capital market running on broken infrastructure. Time to upgrade.
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Florian M. Spiegl
209 posts
Florian M. Spiegl
@fmspiegl
Connecting investors and founders to create a better future @ Evident. Builder, investor, economist. Be the change.
Hong Kong Beigetreten Nisan 2015
81 Folgt174 Follower
We'll discuss blockchain as a new system of record in private markets - and what that means for private wealth investor access and market efficiency.
Cosmoverse@CosmoverseHQ
We are pleased to welcome Florian M. Spiegl, Founder and CEO of EVIDENT, to #Cosmoverse26 Florian leads EVIDENT, the first fully integrated SFC-licensed investment platform for alternative assets in Hong Kong, and one of Asia's most active digital market infrastructures for private markets. EVIDENT operates the full asset lifecycle on blockchain: from primary issuance and structuring through to secondary market transactions, serving asset managers, wealth managers, and institutional investors across the region. His earlier career spans strategy consulting at Boston Consulting Group in Vienna and New York, and senior roles in wealth and asset management at Credit Suisse across Switzerland, London, and Singapore. Beyond his work at EVIDENT, Florian co-founded the Hong Kong FinTech Association, taught the FinTech MBA course at the University of Hong Kong, and served on the FinTech Advisory Board of Hong Kong's Securities and Futures Commission. His presence at Cosmoverse brings a practitioner's perspective on what licensed, production-grade digital market infrastructure for private assets looks like in practice, and what it takes to build it in a regulated environment.
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Strip away the hype, and blockchain is fundamentally a superior global database. One with an immutable audit trail and a single standard for all participants. Global finance runs on data architecture. When you upgrade the database, you remake the entire system. It’s that simple.
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Interesting times to see how capital flows are shifting. "Capital goes where it is welcome and stays where it is well treated." --Walter Wriston
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Your best friends are your fiercest critics.
“One always learns more from ‘friendly critics’ than from uncritical friends,” Kissinger wrote to Brzezinski
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Ironic, but to truly leverage AI at work, you first need to master the skills it aims to replace. This applies to everything from critical thinking & problem-solving to argumentation & communication. Tricky for AI natives joining companies. Where do you learn the fundamentals?
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Excited for us at @EVIDENT_Capital to partner with @IDAfi24 & @MicroConnectHK to tokenize revenue-based lending instruments. Leveraging blockchain & stablecoins, we're optimizing asset lifecycles to open up this asset class for private wealth. Interoperable TradFi in reality.
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Europe’s internal barriers are equivalent to a tariff of 45% for manufacturing & 110% for services (IMF). These shrink the market in which European companies operate: trade across EU countries is less than half the level of trade across US states. Clean your own backyard first..
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What #blockchain can do: launched our art vertical with 13 works from Picasso to Banksy. Pick individual pieces, participate directly in upside, co-invest with leading art invest firm—all with capital guarantee. Unthinkable pre- #tokenization evident.capital/art
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Harari: Kafka’s The Trial is a better guide to the AI dystopia than The Terminator.
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Billionaire heirs, not entrepreneurs, are the new kings of wealth! 👑 Inherited fortunes topped self-made riches for the 1st time ever in '23. This "inheritocracy" shift has major implications for #wealthmanagement & our future in #alternativeinvestments
buff.ly/3taIZuJ
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2/ Rate changes and tougher regulations could expose weaker players in the market. Experienced firms with strong workout teams will be best positioned to navigate loan losses. But specialist boutiques may still find opportunities in niches like distressed debt. 🦈 #Opportunity
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1/ The private credit market is exploding, expected to reach $2.8 trillion by 2028. This shift could benefit large players like Apollo and Blackstone, who are already scooping up portfolio sales from regional banks. Will new firms get squeezed out? 🤔 #PrivateCredit #Investing
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Robo Advisors will not take over for Investm. Advisors. Young RIAs thrive by mastering complex decisions & personalized guidance. More like life coach, not just investment guru. Get new investment products such as alternatives. Embrace tech, but keep the irreplaceable human touch
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Where are the next generation CFPs and Investment Advisors? Strong hypothesis that the human touch still matters to the next gen inheritocracy BUT with #wealthmanagement advice delivered digitally. Ie, what 'human touch' means is changing, but it still involves humans.
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Still thinking about this: tokenization will open up completely new investment products. The 'OTHER' category is huge in all analyses of the space. What will be in it?
Some thoughts:
buff.ly/3SYxnWd
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Some advise me to 'stop and smell the roses'--and rightly so. But it's a different scent when you've trekked to find those blooms, compared to having spent your life bored in the rose garden. 🌹 It's the hard work that makes the pause worthwhile. #entrepreneurship #tgim
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Interesting how FDI changes over time--and also, fundamentally, does not. Bullish case for the USD is clear. Curious how the China 2023 numbers will turn out. + one could argue that HK and SG are largely within a China nexus in capital flows. Bonus: how much higher will JP be?
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So we're looking at how we can streamline the backend processing for alts to include them in discretionary portfolios. This is one of the most ambitious projects that exist in the blockchain and crypto space today, even within traditional finance.” 💬
buff.ly/3RkJRVN
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Tyrone Lobban, Head of Onyx Digital Assets at JPM:
💬“[…] Alternative investments are not typically included in discretionary portfolios, largely due to liquidity challenges and to operational differences between how traditional investments are managed and how alts are managed.
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