Blockchain's versatility is becoming evident across corporate treasuries and financial services
Earlier this year, we expanded our treasury services to include blockchain consulting. Since then, Zanders has made increasing strides in the transformative potential of blockchain technology in treasury, risk and finance. With presentations by our experts at conferences in several countries, our team has also actively participated in key industry dialogues over the past months.
With the advent of cryptocurrencies and digital assets, it is important for treasurers to understand the issues at hand and have a strategy in place to deal with them. Typical questions that a treasurer faces are how to deal with the volatility of cryptocurrencies, how cryptocurrencies impact FX management, the accounting treatment for cryptocurrencies as well as KYC considerations. In June, we summarized these developments in an article.
To give you a clearer perspective on our most recent endeavours, we now offer you an update by highlighting some signature projects that provide a glimpse into our diverse range of services:
1. Blockchain Curriculum for German Academy
Realizing the growing interest in blockchain, Zanders developed a curriculum for a German academy. The course aims to bridge the gap between theoretical knowledge and practical applications, giving students a balanced view of the blockchain technology.
2. Valuation of Cryptocurrencies
The emergence of cryptocurrencies has brought new challenges in valuation. Zanders undertook a project to value a diversified cryptocurrency portfolio, with a focus on understanding their intrinsic worth. This initiative provided insights that enable and guide better-informed investment decisions.
3. Treasury Policy for a large Protocol
Collaborating with a notable blockchain protocol, Zanders contributed to refining their treasury policy. We established a framework emphasizing treasury and risk management to ensure financial stability. Notably, traditional treasury topics are finding their way into the crypto industry and vice versa.
4. The ADNOC Challenge
Addressing a unique challenge posed by the Abu Dhabi National Oil Company (ADNOC), our team proposed an idea centred around the tokenization of carbon avoidance certificates. Blockchain-based carbon tokens utilize several of the technology’s key features, e.g. transparency, tamper-proof ledger, and instant settlement.
5. Zanders shaping the industry
With presentations like the one by Justus Schleicher on blockchain trends at the Zanders Annual Treasury & Risk Seminar in Belgium and Robert Richter's insights on the BCBS Crypto Standard at the Crypto Asset Conference in Frankfurt, our team has actively participated in key industry dialogues. We actively contribute to industry education by offering a range of programs and courses, and our consistent presence at conferences allows us to disseminate knowledge and foster greater understanding. Our overarching goal is to enhance the widespread adoption of blockchain.
Click on the image to watch the DEC panel discussion (including Robert Richter).
In conclusion
Blockchain's role within corporate treasury and financial institutions is continuously growing. Zanders remains committed to helping its clients navigate this emerging technology as well as assess and implement relevant use cases for their business. With initiatives such as our upcoming roundtable for corporate treasurers and a two-day training course on blockchain for the ACT (Association for Corporate Treasurers) on 17-18 October and on 6-7 November, we actively contribute to the exploration and learning of blockchain technology. Would you like to learn more about blockchain and its applications? Then please register with the ACT.
If you are interested in learning more about blockchain and its added values for your business, please contact us directly.
Our blockchain offering
Since it is important for treasurers to keep up with emerging technologies and trends, we offer a comprehensive range of blockchain services. Our blockchain offering covers supporting our clients in developing their blockchain strategy including developing proofs of concept, cryptocurrency integration into a corporate’s Treasury, support on vendor selection as well as regulatory advisory. For decades, Zanders has helped corporate treasurers to navigate the choppy seas of change and disruption. We are ready to support you during this new era of disruption, so reach out to Robert Richter or Justus Schleicher.
Zanders has a well-positioned, diversified blockchain team in place, consisting of blockchain developers, blockchain experts and business experts in their respective fields.
Do you have any question on blockchain issues for treasurers? Then contact our blockchain specialists, Robert Richter (+49 17634487876) or Justus Schleicher (+49 1604413121).
