Wall Avenue monetary advisor that helped Amazon purchase MGM studios this yr is exploring crypto fee choices.
LionTree, a well-liked monetary advisor and funding banking agency, is wanting into cryptocurrencies as a fee possibility. In its year-end letter, Chairman and CEO Aryeh Bourkoff talks about crypto as a possible instrument for empowering people and explores a few of the largest developments in crypto, comparable to decentralized finance (DeFi) and nonfungible tokens (NFTs).
“In 2021, crypto made itself not possible to disregard, with a market cap at occasions surpassing $3 trillion,” wrote Bourkoff, including that this was as a result of individuals with more money than normal had been in search of a spot to protect their cash towards inflation, discover greater returns and guarantee greater yields.
Bourkoff additionally hinted about exploring crypto fee choices for its providers within the close to future. He wrote:
“We’re at present exploring methods to begin accepting crypto as fee for our providers, and within the not-so-distant future, as our ecosystem grows and {our relationships} proceed to mature, we would even create our personal LionTree token of belief.”
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Whereas lauding the achievements and milestones of the crypto market in 2021, Bourkoff additionally highlighted a few of the flaws and hurdles that it wants to beat. He stated that the expertise must be extra energy-efficient, and the main target needs to be on constructing extra user-friendly interfaces.
LionTree is relatively a small agency in its measurement, however it has been concerned in a few of the most vital media partnerships and acquisitions this yr. The agency performed a key function within the merger of WarnerMedia with Discovery Inc. The monetary advisory group was additionally part of Amazon’s acquisition of MGM Studios. LionTree additionally helped Snap Inc. with its Preliminary Public Providing.
