Blockworks: Community Banks Moving Forward With Crypto Plans Despite Downturn, Portfolio Manager Says
Emerald Mutual Funds’ Finance and Banking Innovation Fund co-portfolio manager Steve Russell said that the fund targets banks that are lending to crypto or blockchain companies, or ones that are creating their own tokens. For example, it includes banks using blockchain-based real-time payments platform Tassat to offer customers instantaneous and secure payments. “We’re always trying to go where we think the puck is going. We think the best way to get adoption in this sector of blockchain and cryptocurrencies comes with regulation. We think a lot of that regulation is going to be geared towards banks and financial services companies that already have regulators in place.” Read more.