(Finance) – “Distributed ledger technology (DLT) I’m a’quite disruptive innovation and they have a enormous potential, which we still do not fully understand. Until DLT we had no way to exchange value on the internet, but only information as happens today. This is where the industry is going. But when we talk about DLT we are talking about an unsupervised system, something that we need to explore, because we cannot afford errors.” Ugo LoeserCEO and general manager of Arca Fondi SGR, during the annual conference of Axiom Forexthe association of financial market operators, underway in Genoa.
“We are trying to build various blockchains, and we realize a series of issues to address in order to make this type of technology absolutely reliable from an operational point of view – said Loeser – There is also a broader issue, because this technology can be disruptive and it can have consequences for the broader financial infrastructure, with consequences that are difficult to imagine at the table. So a little caution – before going to the DLTs to settle the fund units – I think it is necessary”.
Regarding tokenized means of payments, Loeser said that “the form of a private currency poses a large credit risk, and therefore we could hardly base an entire industry on cypto. We can think of large intermediaries issuing their own tokenized currency, and there are already examples of this, but the main solution it is the one that the central bank tokenizes the euroand this could be used to subscribe to a fund share or even to purchase a BTP.”
The CEO of Arca Fondi SGR, referring to AI innovations and the large investments and hype that some companies are attracting, highlighted that “we need to be careful about the topic of bubblesbecause it happened with websites, it happened with Bitcoin, and so there is this theme even now.”