Powering the DeFi Service Providers

Transcript

[Applause] [Music] thank you very much very interesting thank you very much um a few years ago actually someone came to me and said frank what is the crypto valley and i said well that's something going on in zug and they're starting an ecosystem and so on and so there and i was just sharing this with you because i'm impressed you know to see what's going on here in the last two days i was really saying you know how impressive it is to see all what you do here

what has been done in the last few years and i think it's all because of you because of the audience and the visitors thank you very much for you know making the crypto valley such a very important ecosystem i think that was for me just important to let you know the thing is really really great thank you so i would like to talk to you about powering uh d5 service providers uh with ledger my name is frank hartime i'm the head of emea sales and ledger enterprise come to that later on a little bit later before actually i started only in june in ledger and it was a very very interesting move

joining a great team before i was head of a swiss data center where we provided already very very early services to early crypto adapters so we were the home of support for example a company that can disclose other very early crypto providers and crypto asset players in the market and then already uh i saw and we saw that is very important to be a member of the crypto valet looking at defy actually at the moment i can only say everyone talks about it and boris said you know before i talk about d5 let's talk about c5 but

actually everyone talks about d5 everyone says you know we have to be in there and we see there is a certain movement of course that we have a growth rate of 900 since last year and we have 100 billion by the way today being locked in the e5 until today but how does the file look like at the moment just like that something that i personally don't understand it's too complex i think you are really the experts here but dfi at the moment is really still very very early it's for experts it's for crypto natives and you know

i personally don't understand it but i think it's important that we don't need to understand this than necessarily our job is to make it simple and that is the point our job is to have the solution to have users and clients using the file not noticing that they are used using d5 that's for example what happens now tomorrow we would like to have you know our investments bringing a nice revenue for us nice profitability and we do not even need to know that there is defy uh behind like for example coin house a french crypto exchange a custom of ledger just a few days ago announced a new product in its service where they

guarantee five percent return for three months on an annual base uh and they do it with um smart contracts uh they do it with uh stablecoin sorry there's they do it with stable coin and i do not even i do not need to know how does it work for me it's just important um that the service is done the profitability is there and that's what i need it should be it must be simple and easy in any case there are risks and that is important to know there is the volatility of the market and that is something that you know we will see in the next years still that that will be the case for us in the next years but there's as well the part of security

and operational risks and a security is like for example how are the assets secured and stored how are the keys managed how is the access to the system how are transactions done etc etc and what is very very important is is there any avoidance of blind signing do i n do i see what i what i do i see what i sign do i know what i sign that is a key point that i that that we as users should be aware of of that risk then there are other risks like operational risks um of course we know that you know many many people are involved in

in approving transactions in launching transactions and so on and i do want to have my processes that i have my rules my governance rules and so on i want them to be implemented i want them to run automatically and i want to rely on this that is another risk that is clearly there what ledger does is ledger enterprise solutions we cover those risks we cannot help you on the volatility of the market of course but we are there to make sure that the infrastructure is secure the assets are secure there is no blind signing there is what you see is what you sign there's a very very clear point which is a one of the value propositions that we have as part of the

solution and the framework of our governments so the governance framework is one of the key points that we provide a tool set a framework that allows any organization to implement their rules their approval chain their hierarchy or whatever based on for example which address you would like to do the transaction what is the value etc do you want a white list you know you can very very easily configure this and that is that is mitigating this operational risk and it's very very easy to use this so what you see is what you sign get

transparency on any transaction you want to do and have a framework for for for the governance talking a little about ledger enterprise you know our ledger i think but ledger enterprise is a very new new company we are in the market as ledger enterprise since just the beginning of the year uh very new in the enterprise business ledger comes from a retail business where you all i think know the ledger nano and the hardware wallets led your life that we are very very known for so ledger enterprise is what we provide where you know us for you know we provide high security fully manageable

by the owner of the asset to enterprises we have now also we started just you know recently 100 people working for ledger uh enterprise fully dedicated 70 of those 100 people work on r d building the best product that we want to bring in the market to the market we have until now more than 50 international customers financial institutions um there is commando there is crypto.com there's bangfrik in liechtenstein many others we work in seven locations we are in singapore as well i think we're neighbors there i don't know so ipac we are in the americas on the west and east coast and of course we are

in europe headquarters in in paris and now opening an office in uk and very proud to open now an office as well officially with many people with more people than just one um in switzerland that's where we are now and it's really really exciting so that's what we are seven locations globally and what is very interesting if you see 15 of all crypto asset of the value is stored and secured by ledger i think it's impressing to see this so 15 of overall global assets stored or secured by ledger so why is ledger

vault how we call the enterprise solution the perfect solution is an end-to-end solution which is based on or which consists of hardware software and our bowlers operation system that is the same operation system that runs on the on the legend honors that you know so it provides an end-to-end solution and a very essential part of this is a personal security device that our customers have in hand with a trusted display that enables you to see what you sign you always have full transparency of what you sign so this is a very very important part of

it of course we are sock certified and what is an interesting part as well part of our offering is 150 million base policy and insurance with mark arch and this policy can be used by any client to be upgraded depending on their requirements that's for example what crypto.com said or did they upgraded to 750 million based on our policy why is this so so so interesting it's very interesting it's very easy because when you start to to to to get a policy from an insurance company it's a long long process as you can imagine using our base policy which is there and

upgrading it it's very easy so you get very very quick uh with one of the leading insurance companies a very significant insurance based on our requirements we are further building the team so what is important and again what boris from corpus said before where do the people come from we have you know in ledger we have people from the i.t part the it business technology finance uh so we have people from nasdaq microsoft uh bitflyer bloomberg visa so what is important for us to have all all expertise in the company to make and to build the best product in

the market which is the solution for the programs that we saw before we want our customers not to think and not to worry about security that's our job that's what we are for so if you would like to know more if you would like to share some ideas we are very open we are very you know interested in knowing what you think what are your ideas what are your requirements and so on we are here our team is over there we are at the booth emmy's there uh chello richard um and alex and we would be happy to see you and to discuss with you any question you might have thank you very much