Crypto Funds (CFs) represent a novel investor type in entrepreneurial finance. CFs intermediate Decentralized Finance (DeFi) markets by pooling contributions from crowd-investors and investing in tokenized startups, combining sophisticated venture- and hedge-style investment strategies. We...

In 2008, an anonymous person calling himself Satoshi Nakamoto created Bitcoin. The basic idea for the creation of Bitcoin came after the 2008 global financial crisis caused by bad housing loans in the United States. Since then, Satoshi Nakamoto has designed a decentralized financial system that...

Among the countries currently considering issuing a central bank digital currency (CBDC), including nearly all of G20, there is a strong preference for a retail CBDC made available to the general public through private intermediaries. This Policy Brief sheds light on the technical complexities...

The Catawba Digital Economic Zone (“CDEZ”) achieved a number of firsts when it launched in late 2022: the world’s first entirely virtual special jurisdiction devoted to financial services using technologies like blockchains, cryptocurrencies, digital assets, and artificial intelligence...

Over recent decades, the on-going “digital revolution” has transformed many aspects of everyday life. Think of the increased power and shrinking size of personal computers and smartphones; the global expansion of the Internet and the new forms of social interaction that have been created; and,...

The financial applications of the blockchain technology are gaining increasing attention in the regulatory sphere both for their growing relevance and for the several scandals and failures of the past months. The regulatory landscape is quickly and non-linearly evolving, resulting in the...

On October 25, 2021, the Federal Government of Nigeria through the Central Bank of Nigeria (“CBN”) launched a digital currency, eNaira, which is a digital form of its fiat currency, Naira. By the launch of the eNaira, Nigeria joined the league of other nations like Bahamas and China that...