The back half of 2020 has been a huge period for crypto adoption. Unprecedented central bank money printing to support economies during the coronavirus pandemic and slashing of benchmark interest rates to near zero have caused many to question the long-term value and stability of fiat currency. In response, for the first time, many institutions, financial and otherwise, have looked to cryptocurrencies as a viable long-term store of value and/or payment method. A recent high-profile case is the publicly traded software company Microstrategy (ticker: MSTR) deciding, in the 3rd quarter of this year, to allocate almost all its excess cash — over $400mil — to Bitcoin. As of this writing, they are sitting on almost $300mil of paper gains. Just yesterday, the press reported that 169 year old life insurance company Mass Mutual purchased $100mil of Bitcoin for its general assets account. Moreover, PayPal, the popular P2P wallet and e-commerce payments provider announced in October that account holders will be able to buy crypto within its wallet and use it as a form of tender when making online purchases. Finally, the price of Bitcoin, at the current $18K price is up 2.5x …
Last Friday was an exciting day as our company RedSwan CRE formally announced a partnership with Coinbase to accelerate adoption of blockchain digital securities backed by commercial real estate. Please click here for the original press release.
As I mentioned in my inaugural Medium post, we are using blockchain tech to digitize equity limited partnership shares of Class A CRE, making large buildings more tradeable, liquid, and affordable. RedSwan CRE is helping real estate sponsors/owners raise equity capital from accredited investors in the US under Reg D and foreign investors under Reg S. With RedSwan CRE, subject to any initial legal holding period requirements, an investor in a CRE building can now securely buy and sell his/her ownership portion, represented as digital tokens, potentially in seconds. …
The introduction of new technologies and ways of conducting business often begins with a period of experimentation as well as speculative fever as markets attempt to pick the winner(s). This is followed by a longer period of maturation as a small handful of pioneers end up becoming dominant players and companies in other industries identify ways to adapt the technology to make their own operations more efficient and effective. The best modern example of this is the late-1990s emergence of E-Commerce. Companies like Amazon and eBay were formed in this era and became great success stories.
COVID-19 has escalated digital transformation across the globe. Prior to COVID, many organizations had planned to build out more technology options for their employees to be more productive through working remotely. For many Fortune 1000 companies, this was planned to be phased in over the next few years. Now digital transformation is a necessity for successful business in a post-COVID marketplace. The world will no longer operate like it did prior to this pandemic experience. Leaders are faced with serious challenges to existing business models to consider what must, or should, be changed or enhanced. Success is now incumbent on a company’s ability to adapt quickly. Organizations must learn to adapt and continue finding innovative ways to carry on, to remain competitive and relevant. Creative contingency plans are now a priority for companies who want to survive. …
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