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LEDGITY: “Crypto assets are part of the savings and wealth

management landscape.” Interview by Milena Radoman

Who invests in cryptos? Which are the best cryptocurrencies? What impact will the collapse of FTX BACHELOR •MASTER • MBA•DBA
have? Founder and CEO of the FinTech, Ledgity, Pierre-Yves Dittlot delivers his analysis and looks
at some of the common preconceptions.

You used to work in the traditional finance What is your target

sector. When did you decide to get into market? Private savers
cryptocurrencies? and professi onal
After much research, as early as 2017, I was investors?
able to identify that blockchain technology Our positioning is UNE BUSINESS SCHOOL

would revolutionise the financial industry and B2B2C. The edgity Pro
that cryptos had the potential to become an interface is aimed at À TAILLE HUMAINE,
investment asset class in their own right, just finance professionals,
like stocks and bonds. We were then at the from wealth managers INNOVANTE,

beginnings of cryptocurrencies. It is clear that to Family Offices. It helps

five years later, this trend has been confirmed and independent investment ET MULTICULTURELLE
crypto assets are truly part of the savings and advisors to easily support
wealth management landscape. Their proportion their clients on crypto
is admittedly low because they are risky assets investments with global

whose value can fluctuate significantly up or asset monitoring. We
down; but for the majority of investors, the have added secure
portion of capital allocated to cryptos ranges messaging and other features that facilitate What, in your opinion, is the potential for this NOS SPÉCIALISATIONS
from 1% to 10%. and strengthen the financial advisor client market?
relationship. Before its launch on the market According to a study by Mc insey, wealth FINANCE
What is the concept of Ledgity? in mid-December, the solution was beta-tested management represents €25 trillion in Europe.
There is a need amongst savers today for easy by several wealth managers and evolved thanks Supposing just 1% of this sum were allocated MANAGEMENT DU LUXE
access to cryptos. Currently, your bank does to their feedback. It could also interest small to crypto assets, it would represent €250 billion! DÉVELOPPEMENT DURABLE
not allow you to access this new asset class private banks, in white-label, to facilitate their Similarly, according to the Banque de France, SPORTS BUSINESS MANAGEMENT
and easily invest in Bitcoin. This can partly be digital transformation. the French saved €160 billion (passbook A, life MANAGEMENT INTERNATIONAL
explained by the fact that it is impossible to insurance etc) in 2021; and still according to
keep your active cryptos in a securities account. You have spent your entire career in Monaco, the Banque de France, cumulative savings in STRATÉGIE DIGITALE
Cryptos have their own characteristics and, so why did you launch Ledgity in France? France represent €5 trillion. Imagine what the ET DÉVELOPPEMENT COMMERCIAL
in particular, in relation to their conservation, The BPI is a major innovation accelerator in crypto market would represent with just 1% of
which is done via a crypto wallet making it France and has supported us since our launch. this sum devoted to cryptos in France!
possible to secure your cryptos and to be France has also been a forerunner in Europe and
able to initiate transfers to another wallet on the world in terms of the regulation of cryptos. What cryptocurrencies do you recommend?
the blockchain. This is why we have created We were registered this summer as a digital In the first instance, it is better to stay with Bitcoin

the concept of a crypto heritage application asset service provider by the AMF and the ACPR. and Ethereum which alone represent 38% and
to reconcile this asset class with estate and This regulatory framework allows us to offer 17% of the active crypto market.
wealth management. The objective is to crypto custody services and to exchange euros
democratise and simplify access to investment for cryptos and cryptos for cryptos. We aim to Even though it is said that the ecological impact
in cryptocurrencies, whilst allowing users expand in France, Monaco, Belgium, uxembourg of Bitcoin consumes 138 terawatts per hour
to consolidate all their savings on a single and Switzerland, which are places of private or 0.62% of global electricity consumption?
interface. If, for example, you have a bank banking and estate and wealth management. This is a false line of reasoning. The banking
account with Soci t G n rale, a Generali industry consumes a lot more electricity globally -
insurance, a securities account with B P What is the typical profile of crypto investors? and what about the digital services that everyone

Paribas and a crypto wallet, you can, thanks to Most of them are rather young profiles between uses on a daily basis like the cloud, etflix or

the edgity application, view all your assets in 18 and 35 years old, because they were born into Spotify In this case, we would have to stop
one click. This also makes it possible to identify the digital world with a smartphone in their hand... everything and go back 20 years in economic
the crypto risk more readily and to manage owever, we have feedback from financial advisors terms! In addition, a large part of the energy WWW.MONACO.EDU

operations more precisely. who have 75-year-old clients investing in Bitcoin! consumed by Bitcoin is green. For cryptos, the

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