Today we’re talking with Jack McDonald, CEO of PolySign, a company that aims to develop state of the art, secure, scalable infrastructure for financial institutions to fully leverage their digital assets. As crypto goes more on the institutional side it’s great to see projects like PolySign. They have an extensive list of people in the banking space that are coming into crypto. Jack says it’s awesome to see this level of institutional adoption. Having grown up in the traditional finance capital market's arena, after law school Jack went right into the stock market. He says he then became involved in other aspects of traditional finance, most recently running Conifer, a securities and commodity contracts intermediation and brokerage company. There he ran middle and back office accounting and reporting. That company went on to be sold and Jack got another opportunity when he met the co-founder of Ripple Labs, Arthur Britto. Arthur had an idea for a new company and Jack jumped on board to help him create PolySign.

PolySign is focused on building enterprise grade infrastructure for the digital asset ecosystem, specifically focused on custody and settlement by leveraging proprietary blockchain technology that they’ve designed and built. Their main focus is on institutions. Jack thinks the market will consolidate over time in terms of the number of exchanges out there. He also thinks we will see the price volatility dampen as more institutions come in. One risk in the market is regulatory shift that could be adverse to different jurisdictions. One of the blessings and curses of the digital asset marketplace is the 24/7 global nature of it. Managers and investors can own an asset that can be traded around the world on any given day at any given time.

Jack agrees that we see a lot of anti cryptocurrency news in the United States from the treasury, FCC, congress, etc. At PolySign they have a unique organizational structure based out of one of the most oppositional states for crypto, New York. They have a parent company, PolySign Inc. that does all the software development. Jack says they could’ve gone to other jurisdictions, but they wanted the most stringent jurisdiction because that would accrue our benefit and attract the type of clients they want to attract.

To learn more, find Jack on Twitter or visit polysign.io.

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Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.