Markets

What Institutions Need to Know about Digital Assets in a Post FTX World?

December 8, 2022

Host: Peter Haynes, Managing Director and Head of Index and Market Structure Research, TD Securities

Mark Garabedian, Director of Digital Assets and Tokenization Strategy, Wellington Management, and Jeremy Lai, Vice President, Equity Trading, TD Securities

In episode 49, we explore the future of digital asset technology in a post FTX world. Our guests, Mark Garabedian from Wellington Capital Management and Jeremy Lai from TD Securities, take us on a journey of discovery on what went wrong with FTX including differentiating decentralized from centralized finance and share their thoughts on the comments of FTX's former CEO, Sam Bankman-Fried during his recent apology tour. Along the way, Jeremy and Mark explain the institutional use cases of distributed ledger technology in capital markets and how far along the infrastructure providers are, solving table stakes issues such as KYC, AML and cyber risk. Mark finishes with a review of his peer group on the buy side, indicating that Wellington is not alone in its support for digital ledger technology and its potential to change the infrastructure of global capital markets.

This podcast was originally recorded on December 5, 2022.

Disclaimer

This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this recording was obtained from publicly available sources, has not been independently verified by TD Securities, may not be current, and TD Securities has no obligation to provide any updates or changes. All price references and market forecasts are as of the date of recording. The views and opinions expressed in this podcast are not necessarily those of TD Securities and may differ from the views and opinions of other departments or divisions of TD Securities and its affiliates. TD Securities is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this podcast. The information contained in this podcast does not constitute investment advice or an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. Neither TD Securities nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.

Peter Haynes
Managing Director and Head of Index and Market Structure Research, TD Securities

Biography

Peter joined TD Securities in June 1995 and currently leads our Index and Market Structure research team. He also manages some key institutional relationships across the trading floor and hosts two podcast series: one on market structure and one on geopolitics. He started his career at the Toronto Stock Exchange in its index and derivatives marketing department before moving to Credit Lyonnais in Montreal. Peter is a member of S&P’s U.S., Canadian and Global Index Advisory Panels, and spent four years on the Ontario Securities Commission’s Market Structure Advisory Committee.

Mark Garabedian
Director of Digital Assets and Tokenization Strategy, Wellington Management

Biography

As Director of Digital Assets and Tokenization Strategy, Mark is working in conjunction with various departments across the firm to explore engagements with digital assets and blockchain technology. The engagements focus on the potential to invest in digital assets as well as the potential for blockchain technology to disrupt business and operations.

Jeremy Lai
Vice President, Equity Trading, TD Securities

Biography

In addition to Jeremy's responsibilities in client coverage and liability management on the equity trading desk where he focuses on index and program trading, Jeremy is the Chair of the TD Securities Digital Asset Advisory Committee providing insights to senior TD executives on the evolving digital asset landscape and its significance for the dealer and its clients.

Markets

What Institutions Need to Know about Digital Assets in a Post FTX World?

Disclaimer

Biography

Biography

Biography

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