Caitlin Long on Coronavirus, Crypto Custody and Building a Bank

<p><span style="font-weight: 400;">An incredible amount of work has gone into convincing institutional investors that bitcoin and crypto should be on their radar. Now that many are convinced, however, they face some significant limitations in the infrastructure. </span></p> <p><span style="font-weight: 400;">A new crypto bank out of Wyoming is designed to address those problems. Founded by Caitlin Long, Avanti is apply for a special purpose depository institution (SPDI) charter and already has 8 products in its pipeline not currently available to US investors. </span></p> <p><span style="font-weight: 400;">In this interview, Caitlin and @nlw discuss:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">Why Avanti is needed</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why Avanti will have 100% of assets in reserve at all times</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why the right model for crypto custody is more akin to valeting a car than current financial market models </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why building a crypto bank is important in the context of macro market turmoil</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How Coronavirus is exposing pre-existing problems in the global economy</span></li> </ul>