Crypto-currency trading provides returns commensurate with the volatility of the asset class, but not many people have subjected the characteristics of the investment to formal analysis. One person who has is Dr Martin Angerer, Assistant Professor of Finance at the University of Liechtenstein in Vaduz. He not only teaches modules in Financial Technology and the Basics of Blockchain, and researches crypto-currencies and tokenization, but advises crypto-currency investment funds. Dr Angerer is also closely following developments in the Liechtenstein security token market following the passage of the Blockchain Law in January 2020. He spoke to Dominic Hobson, co-founder of Future of Finance, about crypto-currencies, crypto-currency funds, security token offerings, DeFi and the market infrastructure a token economy needs to make it grow.

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