CoinDesk Podcast Network What VanEck Is Looking at in Public Equities | Markets Daily
May 23, 2025
Pranav Kanade, Portfolio Manager at VanEck, shares his insights on the intersection of digital assets and public equities. He discusses how stablecoins could revolutionize traditional banking and enhance profitability for e-commerce firms. Kanade highlights strategic opportunities in identifying high-potential public equities, especially founder-led businesses. He also dives into the future of altcoins, their potential impact on retail investors, and how tokenization might reshape access to U.S. capital markets.
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Dual Focus on Tokens and Equities
- VanEck's Digital Asset Alpha Fund uniquely invests in both tokens and public equities, exploring stablecoins' potential to reduce costs in traditional internet and e-commerce companies.
- Stablecoins could lead to margin uplift and higher equity multiples for founder-led businesses with significant banking fee exposure.
Stablecoins and Tokenized Assets
- Stablecoins have clear product-market fit and pave the way for tokenized traditional finance assets.
- Future crypto ETFs may include multi-token baskets governed by rules like profitability and business fundamentals.
Stablecoins Disrupt Banking Fees
- Stablecoins can disrupt the 3% transaction fees banks charge by replicating chargebacks and rewards on-chain.
- This could dramatically reduce costs and shift revenue away from banks, especially in cross-border payments and unbanked populations.