Live from Merge Buenos Aires: Innovate or Adapt? How Traditional Finance is Embracing Crypto and Blockchain

Apr 18, 2025

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In this panel from Merge Buenos Aires hosted by BCR's Aaron Stanley, industry leaders from Banco Santander, GK8 by Galaxy, Manteca, and BlockDaemon discuss the accelerating institutional adoption of digital assets and blockchain technology.

- Coty de Monteverde, Global Blockchain CTO at Banco Santander

- Kaushal Sheth, Head of US Sales at BlockDaemon

- Federico Goldberg, CEO at Manteca

- May Michelson, Director of Global Sales at GK8 by Galaxy

Key Takeaways:

- The crypto market is experiencing a paradigm shift from retail to institutional leadership, driven by regulatory clarity in the US and Europe.

- Banks are primarily focused on bitcoin, stablecoins, and tokenization as their entry points into digital assetsF

- Financial institutions require significantly higher security standards for crypto custody, with an emphasis on risk management and regulatory compliance

Chapter Timestamps

0:00 - Introduction and Panel Overview

2:35 - The Shift from Retail to Institutional Crypto

7:12 - Regulatory Changes Driving Bank Adoption

12:45 - European Market: MiCA Implementation Effects

17:30 - Latin American Adoption: Customer-Driven Approach

22:18 - Security Standards for Financial Institutions

28:54 - Custody Solutions: Hot vs. Cold Wallets

34:10 - Santander's Blockchain Journey

38:25 - Key Focus Areas: Bitcoin, Stablecoins, Tokenization

43:15 - Implementation Best Practices for Banks

48:40 - Future Outlook and Closing Remarks

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