Riku: The Future of Crypto

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Riku: Wall Street executives are looking at this and thinking, we're interested in crypto. But they're very wary of the companies that are out there already. No one wants to end up in a headline next to FTX for example. They think that the best way to get into the industry is to build their own companies. Riku says as big established financial firms move into crypto, it could shake up many of the companies who created them.

China has called for “stable and constructive” ties with the US in a meeting with Elon Musk and some Wall Street companies are building their own digital markets trading platforms to compete with crypto companies. Plus, the FT’s Nicholas Megaw explains why investment funds have become a bigger insider trading risk for US lawmakers than buying shares in a single company.

Mentioned in this podcast:

Wall Street ready to take on established crypto companies

US Congress: how investment funds became the new insider trading risk

China calls for ‘stable’ ties with US in meeting with Elon Musk

Nvidia hits $1tn market cap as chipmaker rides AI wave

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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