Shows
RULEMATCH Spot OnCrypto Market Structures - Part 2 of Chris Zuehlke (DRW/Cumberland)As the crypto and digital assets industry continues to “grow up” - a lot of hard work is being done. Some of it is known - some of it “under the radar”.And some of the most foundational work in digitizing capital markets is being supported by some of the largest TradFi trading houses in the world.In Part 2 of the episode, Chris Zuehlkle, Global Head of Cumberland, the crypto arm of DRW and RULEMATCH Spot On host Ian Simpson discussed some of the latest developments present - and future - in the crypto and digital assets s...2025-07-2744 min
RULEMATCH Spot OnCrypto Market Structures - Part 1 of Chris Zuehlke (DRW/Cumberland)Capital markets are in a state of flux - because of geopolitics, macro trends - as well as technology, like crypto and blockchain.But some things remain the same - a need for effective use of capital, transparency and reducing uncertainty.Chris Zuehlkle, Global Head of Cumberland, the crypto arm of DRW, knows all about it. From the early days of DRW’s foray into crypto, Chris has been involved in building Cumberland’s digital asset business and exploring all the challenges and opportunities.In Part 1 of the episode, Chris and...2025-07-1441 min
RULEMATCH Spot OnAdvanced Crypto Access - Adam Retkes (Bank Frick)Sophistication in financial markets is inevitable. In crypto markets it is just getting started. And banks - especially those with a long track record in the industry - are set to play a key role. One of these is Bank Frick, a pioneering bank from Liechtenstein who has been active in the blockchain and crypto space since 2015.In this episode of RULEMATCH Spot On, host Ian Simpson sat down with Adam Retkes, Digital Assets Analyst at Bank Frick and discussed how the bank is levelling up its services - adding sophisticated solutions for more...2025-06-0744 min
RULEMATCH Spot OnServing Crypto Markets - Tim Meggs (Lo:Tech)The future of capital markets is being formed today. But not everything is completely new...especially when it comes to electronic trading, risk management, and data quality.Low Observable Technology (Lo:Tech) CEO and Co-Founder Tim Meggs - a veteran of TradFi markets - sat down with host Ian Simpson to discuss how his firm is helping promote "ethical market making", build advanced data services and getting set up for real high-frequency trading.(1:10) Intro(2:39) Where is the market right now?(5:18...2025-03-1057 min
RULEMATCH Spot OnBanking on Crypto - Jan de Schepper (Swissquote)Trading is deep in the DNA of Swissquote, one of Switzerland's largest digital-first banks. The forward-thinking firm was also early in the crypto market - in a big way.With Chief Sales and Marketing Officer Jan de Schepper, host Ian Simpson dove into the details of how Swissquote approaches its trading services for cryptocurrencies today - and how the bank's clients approach their investments in the space.(1:24) Welcome and intro(2:18) Why is Switzerland so good for banks in crypto?(3:15) The backstory of Swissquote's start in crypto(6:10) The building...2025-02-1043 min
RULEMATCH Spot OnRULEMATCH Spot On - Winter Edition 2025 (Alexandre Kech - GLEIF)
RULEMATCH Spot On - Winter Edition 2025: During the World Economic Forum in Davos, host Ian Simpson spoke to Alexandre Kech, CEO of the Global Legal Entity Identifier Foundation (GLEIF).
They discussed the evolving crypto and digital asset market, the need for universal identity to enable mass adoption of tokenized assets and the collaboration needed between public and private organizations to enable interoperability between blockchains and on-chain assets.
2025-02-0508 min
RULEMATCH Spot OnRULEMATCH Spot On - Winter Edition 2025 (Ronit Ghose - Citi)RULEMATCH Spot On - Winter Edition 2025: In Davos, host Ian Simpson spoke to Ronit Ghose, Global Head, Future of Finance at Citi.
They discussed the changes in finance with the rise of crypto and digital assets, how banks are engaging with the "future of money" and what stablecoins and tokenized assets will mean for the industry.
2025-02-0409 min
RULEMATCH Spot OnRULEMATCH Spot On - Winter Edition 2025 (Sanja Kon - Circle)
RULEMATCH Spot On - Winter Edition 2025: During WEF in Davos, host Ian Simpson caught up with Sanja Kon, Vice-President Europe at Circle, the leading global stablecoin provider.
They discussed the growing uses of stablecoins like USDC among financial institutions, the use cases for capital markets and the key ingrediants to support stablecoin usage as a part of the tokenized asset value chain.2025-02-0409 min
RULEMATCH Spot OnRULEMATCH Spot On - Winter Edition (Anatoly Crachilov - Nickel)
RULEMATCH Spot On - Winter Edition 2025: In Davos, host Ian Simpson spoke to Anatoly Crachilov, CEO and Founding Partner of Nickel Digital Asset Management, one of the industry's largest and most well-established crypto hedge fund managers.
They discussed the evolving crypto and digital asset market, with perspectives from Davos - as well as how big hedge funds are operating in crypto, the evolving strategies and lingering challenges for asset managers, including counterparty risk and capital efficiency.
2025-02-0308 min
RULEMATCH Spot OnRULEMATCH Spot On - Winter Edition 2025 (Dr. Joachim Schwerin - EC)RULEMATCH Spot On - Winter Edition 2025: As MiCA regulations roll out in the European Union, European Commission Principal Economist Dr. Joachim Schwerin checks in with Ian Simpson in St Moritz - discussing reactions, potential global competition from other jurisdictions - plus the future of "public vs private" money, including stablecoins.2025-01-2416 min
RULEMATCH Spot OnRULEMATCH Spot On - Winter Edition 2025 (Simone Maini - Elliptic)RULEMATCH Spot On - Winter Edition 2025: From the UK to Switzerland and all around, Ellipitic CEO Simone Maini shared her thoughts on where the institutional crypto market is going, what role compliance and regulation has to play - and why the industry cannot "mess up" its big moment.2025-01-2407 min
RULEMATCH Spot OnRULEMATCH Spot On - Winter Edition (David Newns - SDX)RULEMATCH Spot On Winter Edition 2025 - “Transformational and fundamental” - David Newns of SIX Digital Exchange talks with Ian Simpson about how important custody and collateral management are for digital asset markets - especially for trading.
And why RULEMATCH and SDX are a perfect match to combine trading and custody services of the highest order.2025-01-2313 min
RULEMATCH Spot OnRULEMATCH Spot On - Winter Edition 2025 (Eric Saraniecki - Digital Asset)RULEMATH Spot On - Winter Edition 2025: Digital Asset Co-founder and Head of Network Strategy Eric Saraniecki sat down with Ian Simpson in St Moritz to discuss the current state of institutional adoption in crypto, the (continued) rise of stablecoins, the need for privacy in crypto finance and where tokenization will go...eventually.2025-01-2309 min
RULEMATCH Spot OnRULEMATCH Spot On - Winter Edition 2025 (Thomas Restout - B2C2)RULEMATCH Spot On Winter Edition 2025 - B2C2 Global CEO Thomas Restout sat down with Ian Simpson in St Moritz to talk about global liquidity in crypto markets, developments in 2025 and the activities of global hedge funds and trading firms in the digital asset space.2025-01-2212 min
RULEMATCH Spot OnRULEMATCH Spot On - Winter Edition 2025 (Amar Kuchinad - Copper)RULEMATCH Spot On Winter Edition 2025 - “TradFi experience and rules matter” - In St Moritz, Amar Kuchinad, Global CEO of Copper spoke to Ian Simpson and shared his experience in crossing over from traditional finance to crypto finance - including what unique experience he is bringing to one of the industry’s leading crypto custody and collateral management providers.2025-01-2110 min
Digital Assets Decoded: Your Daily Crypto GuideCrypto Willy Spills the Tea: Big Banks Embrace Digital Assets and Revolutionize the GameDigital Assets Decoded: Your Daily Crypto Guide podcast.Hey there, fellow crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest developments in digital asset infrastructure from the past two weeks. Buckle up, because we're diving into custody solutions, trading platforms, and payment systems that are revolutionizing the crypto landscape.First off, let's talk about custody solutions. Traditional financial custodians are entering the crypto market in a big way. BNY Mellon, the world's largest custodian bank, got the green light from the SEC to offer crypto custody services, including Bitcoin and...2025-01-0903 minDigital Assets Decoded: Your Daily Crypto GuideCrypto Willy Spills the Tea: Ripple, HSBC, and SIX Digital Exchange Make Waves in Digital Asset InfrastructureDigital Assets Decoded: Your Daily Crypto Guide podcast.Hey there, crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest developments in digital asset infrastructure from the past two weeks. We've got some fantastic updates on custody solutions, trading platforms, and payment systems that you won't want to miss.First off, let's talk about custody solutions. Ripple has been making waves with its bank-grade custody technology, designed to serve high-growth crypto and fintech businesses. Their latest update includes a transaction screening service integration, added hardware security module options, and an XRPL...2025-01-0403 minDigital Assets Decoded: Your Daily Crypto GuideCrypto Willy Spills the Tea: Ripple's Custody Flex, HSBC's Tokenized Treasures, and SDX's Trading Tryst!Digital Assets Decoded: Your Daily Crypto Guide podcast.Hey there, fellow crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest developments in digital asset infrastructure from the past two weeks. We've got some fantastic updates on custody solutions, trading platforms, and payment systems that you won't want to miss.First off, let's talk about custody solutions. Ripple recently announced the launch of new features and functionality to Ripple Custody, bringing bank-grade custody technology to fintechs and crypto businesses. This update includes a transaction screening service integration, added hardware security module...2024-12-2603 minDigital Assets Decoded: Your Daily Crypto GuideCrypto Custody Craze: Hong Kong's New Rules, HSBC's Big Move, and State Street's Tokenization Tango!Digital Assets Decoded: Your Daily Crypto Guide podcast.Hey there, crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest developments in digital asset infrastructure from the past two weeks. Let's dive right in!First off, we've got some big news from Hong Kong. The Hong Kong Monetary Authority (HKMA) is introducing a Stablecoins Bill, which will enhance the framework for virtual asset activities by introducing licensing requirements and giving the HKMA the necessary powers for implementation[1]. This is a significant step forward in regulating digital assets and providing a safer...2024-12-1702 min
RULEMATCH Spot OnRULEMATCH Spot On - Next Level Crypto ProductsOffering innovative financial products based on crypto assets may sound exciting - but it isn’t easy. Especially for banks.
What kind of structuring is needed? How is trading executed? What kind of risks are involved - and how can you control those risks?
These are the kinds of questions that faced Vontobel, one of Switzerland’s earliest banks to offer crypto structured products.
In the final 2024 episode of RULEMATCH Spot On, Vontobel Head Blockchain Solutions Florian Marty shares a “behind-the-scenes look at how the bank dealt with these topics in the...2024-12-1744 min
RULEMATCH Spot OnRULEMATCH Spot On - Crypto Trading by the RulesFor financial institutions, there is only one way to do crypto - by the rules. Whether it is custody of crypto assets, asset management, wealth management - or simple trading, banks and securities firms have to follow the 'narrow path' to provide the highest level of certainty and security for their clients.
This is top of mind for regulated companies like tradias - a spin-off of Bankhaus Scheich in Germany - which recently received a BaFin license for its crypto trading operations.
In this episode of RULEMATCH Spot On, host Ian Simpson sat down with...2024-12-1147 min
RULEMATCH Spot OnRULEMATCH Spot On - Making Market ViewsAs one of the few banks in the world - if not the only one - Julius Baer offers its clients the opportunity to invest in crypto assets with the support of a full-fledged research department and CIO House View. That positions one of Switzerland’s largest banks as a global leader in the institutional digital assets industry.
After the US presidential elections and with rapid market developments, RULEMATCH Spot On host Ian Simpson sat down with Julius Baer Associate Director and Next Gen Research Analyst Manuel Villegas to take a closer look at how digital asset research wo...2024-11-2152 min
RULEMATCH Spot OnRULEMATCH Spot On - Institutional Crypto IntegrationAcross the wide, global landscape of crypto markets, financial institutions often face challenges in connecting to venues, managing liquidity and coordinating order flows. To tackle this challenge they often to turn to order management systems providers like Talos. But as the industry gets more sophisticated and complex, the scope of services offered has to keep up as well.
As it develops to keep up with demand, Talos and its Co-founder/CEO Anton Katz have collected unique insights on needs and preferences of financial institutions who are expanding their operations.
In this episode of RULEMATCH Spot...2024-11-131h 03
RULEMATCH Spot OnRULEMATCH Spot On - Institutional Crypto Networks
With more and more financial institutions offering crypto and digital asset services, the need for sophisticated tech to handle crypto is more important than ever. But it goes (far) beyond simple custody…
Fireblocks SVP of Coporate Development Adam Levine spoke to Ian Simpson about the expanding role of tech providers in coordinating crypto market infrastructure - connecting liquidity and enabling banks and financial institutions to do bigger and better things in the growing digital assets market.
Episode show notes:
(1:02) Intro to Adam and Fireblocks
(2:15) Is Fireblocks still "just a tech provider"?...2024-11-0546 min
RULEMATCH Spot OnRULEMATCH Spot On - Crypto Banking Evolution
The relationship between banks and crypto has been complicated over the years. It has also evolved significantly since the first days of the industry. Along the way, Switzerland has been a leader in crypto banking - unrivalled around the world.
One reason for that is crypto native banks like Sygnum Bank, which received its banking license in 2019. As Head of Trading, Dominc Lohberger has been involved in building the banks offering - and in particular the trading systems and processes that are needed to fulfil the stringent requirements of regulators.
In this episode of RULEMATCH...2024-10-3144 min
RULEMATCH Spot OnRULEMATCH Spot On - Focus on MiCARThe topic of MiCAR - the European Union's Markets in Crypto Assets Regulation - is top of mind for crypto asset service providers (CASPs) not just in Europe, but also around the world. The implications of MiCAR for the current crypto market and its potential to shape institutional involvement in the space are wide-ranging and far-reaching.
In this episode of RULEMATCH Spot On, host Ian Simpson spoke to Dr. Joachim Schwerin, Principal Economist at the European Commission and a contributor to the drafting and writing of MiCAR. Together they discuss MiCAR's background, implications for stablecoins, liquidity...2024-10-181h 14
RULEMATCH Spot OnRULEMATCH Spot On - All In on AlgosHe used to be a rocket scientist in South Africa, but now James Kilroe and his co-founder Geoffrey van Ryneveld run Tendex, a market neutral crypto hedge fund with a focus on medium- and high-frequency trading strategies.
Spot On host Ian Simpson and James discussed the background of Tendex's activities in niche crypto markets and its transition to more sophisticated strategies. Along the way, James explained what he thinks of the "financialization" of crypto, the weaknesses with current market infrastructure, market making strategies from TradFi and crypto and how they overlap.
(1:05) Intro to a rocket...2024-10-1059 min
RULEMATCH Spot OnRULEMATCH Spot On - Keys to LiquidityLiquidity in markets is always key. What assets get traded
(and price) is often dependent on how deep liquidity across the market.
In crypto it is no different. Keyrock CEO and Co-founder
Kevin de Patoul joined RULEMATCH Spot On to talk about liquidity and its
development - along with the influence of different market models, the ongoing
challenge for high frequency traders, as well as current (and future)
bottlenecks in the growth of trading firms and market makers like Keyrock.
(00:41) Intro
(1:44) State of global liquidity
(3:03) The actual lo...2024-09-1748 min
RULEMATCH Spot OnRULEMATCH Spot On - Tradition Meets CryptoSwiss private banks are known for their long tradition of service - and in some cases their agility. Zurich-based Maerki Baumann Privatbank is an excellent example of this. As one of the first banks in Switzerland - and in Europe - to offer crypto services, it got a head-start on the industry in 2018.
But how did Maerki Baumann make the decision to do crypto? How did its service offering develop and what were the keys to success for the private bank, which has been in the business for 5 years and recently launched ARCHIP, a new brand, to...2024-08-2849 min
RULEMATCH Spot OnRULEMATCH Spot On - Delivering on Digital (Part 2)How do you lay the foundation for fully digital capital markets? How far has work actually come in integrating a central bank digital currency into efforts towards tokenization?
And how is Switzerland pushing the industry forward in the next evolution of financial markets?
In Part 2 of this RULEMATCH Spot On episode, Ian Simpson and David Newns, Head of the SIX Digital Exchange (SDX) discuss the different ways that Switzerland has played a leading role in the development of the digital assets industry globally - with the support of the Swiss National Bank and...2024-08-1439 min
RULEMATCH Spot OnRULEMATCH Spot On - Delivering on Digital (Part 1)Digital capital market infrastructure lays a foundation for a new evolution in finance - one that combines proven parts of traditional structures and the potential of new technology like blockchain and DLT. This transition has has many layers - as well as challenges and opportunities.
But what efficiencies does digital capital market infrastructure actually bring? What links remain between the “old and new” worlds - with exchanges, central securities depositories (CSD) and other elements of the ecosystem? And how do changing regulations and technological innovations promise to alter the landscape overtime?
In Part 1 of this RULE...2024-08-0559 min
RULEMATCH Spot OnRULEMATCH Spot On - Making a MarketConsistent liquidity in crypto markets has never been more important than now. With the shift away from purely retail-driven buying and selling, market makers take on an even more essential role.
But as new financial products with crypto underlyings come to market - and market structures and trading models evolve, how the dynamics change?
Will RFQ models and CLOBs exist in parallel? How will opening and closing times in TradFi influence market movements?
RULEMATCH Spot On host Ian Simpson welcomes Flow Traders Global Head of Digital Assets Michael Lie to the podcast to...2024-07-2448 min
RULEMATCH Spot OnRULEMATCH Spot On - Building by the RulesBanks who have built a business in crypto and digital assets want to do it “by the rules.” But what does that mean exactly? What are the major considerations and how are regulatory considerations evolving?
In this episode, RULEMATCH Spot On hosts Cornelia Stengel, a partner at Kellerhals Carrard for an in-depth discussion on legal and regulatory topics from AML and capital requirements to stablecoin classifications and more.
(1:55) - Intro and “the big question” about regulation
(5:54) - How banks are thinking (and deciding) about legal and regulatory topics with crypto
(1...2024-07-1654 min
RULEMATCH Spot OnRULEMATCH Spot On - The Long HedgeCrypto hedge funds and asset managers have seen rapid change over the last few years. With changing market structure and more institutional investors, come more possibilities for advanced strategies to take advantage of market trends.
But how will prime brokerage and a new emphasis on low-latency infrastructure change the game even more? And how will well-established crypto hedge funds adapt their approach to these realities - also on the regulatory front.
In this episode, RULEMATCH Spot On hosts Wilhelm Roth, founder and CEO of Coinmerce Capital (formerly Icoinic Capital) - a Netherlands-based asset manager with...2024-07-0857 min
RULEMATCH Spot OnRULEMATCH Spot On - Time for PrimeTrue prime brokerage in crypto and digital asset markets has been a missing piece of the puzzle. Now that the largest trading firms in the world are looking to do business in the space, the need for cross-asset margining, reduced credit risk and broad market access - as well as highly-regulated, secure partners to support this - is more important than ever.
In this episode, RULEMATCH Spot On hosts Michael Higgins, Global Head of Business Development at Hidden Road Partners. Michael has extensive experience in trading and financial markets and served as Vice President at FXCM Pro...2024-06-2444 min
RULEMATCH Spot OnRULEMATCH Spot On - Exchange Power PlayOne of the biggest developments in the institutional crypto and digital assets space has been the launch of exchange-traded products for investors. The recent launch of spot Bitcoin ETFs in the US was a milestone hailed around the world. But how do operations work for exchange-traded products (ETPs) and exchange-traded funds (ETFs) - and what is the difference? What changes to crypto markets can be linked to the the growth of these products?
In this episode, RULEMATCH Spot On hosts Isabella Moessler, Global Head of Distribution at 21Shares, a leader in the crypto ETP/ETF space. Isabell...2024-06-1350 min
Metaco Talks | Crypto podcast on building the future of Digital AssetsDigital Asset Trading Tailored to the Needs of Financial Institutions w/David Riegelnig (Rulematch) [Metaco Talks #44For this episode of Metaco Talks, we were joined by David Riegelnig, Founder and CEO of recently launched institutional trading platform Rulematch.
Disclaimer: This is not investment advice.
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https://www.metaco.com/talks/
Metaco Talks
Live conversations with the people operating at the frontier of crypto innovation: entrepreneurs, bankers, investors, fund administrators, traders, analysts and other crypto and digital asset market participants. Our objective is to help the broader ecosystem navigate this complex environment and unlock the market opportunity.
This podcast is hosted by Metaco - the leading enterprise technology company...2024-02-0735 min