Off The Desk On Tradeweb Part 1: Blockchain And Emerging Technology With Yuval Rooz Of Digital Asset
Dec 10, 2024
Yuval Rooz, Co-Founder and CEO of Digital Asset, dives into the revolutionary world of blockchain and its potential to reshape institutional finance. He discusses the shift from traditional trading to blockchain solutions, addressing challenges like privacy and regulator education. Rooz emphasizes the untapped capital in the financial sector and how real-time tokenization can enhance liquidity. He also highlights the critical role of foundational blockchain technologies in improving operational workflows and the importance of connectivity for seamless integration in financial markets.
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Yuval's Career Beginnings in Finance
- Yuval Rooz started his career in finance as a software developer at Citadel and then DRW Trading, where he learned to manage risk with open-mindedness.
- He co-founded Digital Asset after recognizing blockchain's potential to revolutionize finance by leveraging emerging technology.
Privacy Is Vital for Institutional Blockchain
- Blockchain for institutional finance needs privacy and permissioning beyond simple pseudonymity to be viable.
- Enterprises require control over transaction visibility to comfortably use blockchain technology.
Scaling and Privacy Are Key Limits
- Non-sharded layer 1 blockchains like Ethereum face inherent scalability limits due to all applications running on a single ledger.
- DAML and Canton Network focus on privacy and horizontal scaling as foundational design principles.