UMA: Can Finance Incumbents Keep Pace with Crypto Innovators?

Published on
April 6th, 2021
54 minutes

UMA: Can Finance Incumbents Keep Pace with Crypto Innovators?

The Interview - Crypto ·
Featuring Hart Lambur and Ash Bennington

Published on: April 6th, 2021 • Duration: 54 minutes

Hart Lambur, co-founder of UMA, joins Ash Bennington, Real Vision senior editor, to discuss what Lambur has learned from the traditional finance world, how the transition to crypto will happen, and UMA and the problem that it’s solving. Having started out his career in traditional markets, Lambur shares the lessons he’s learned, the most important one being that understanding market structure and the liquidity of an asset is paramount. As the crypto space gradually gains a greater role of importance in the finance world, he observes how incumbents in traditional finance will have difficulties keeping pace with the crypto innovators. Historically, incumbents often aim to buy out innovators in later stages of development; however, in crypto, innovation has happened so swiftly that incumbents may no longer be in a position to make significant acquisitions to stay competitive. Lambur also talks about UMA, which stands for Universal Market Access, and how it is helping to enable a global, internet native, cryptographically enforced market. Filmed on April 1, 2021.

Key Learnings: With the growing promise of crypto becoming more integrated into the financial system, Lambur anticipates that corporations within traditional finance may not be able to keep up with the growth of the digital asset world as incumbents historically are not to be able to innovate as fast as new players. Lambur perceives this trend as the emergence of a more globally interconnected economy, and an enormous point of friction is that financial contracts, as they currently exist, are formed in separate jurisdictions with different rules and different means to enforce them. As a result, UMA is helping to enable a global, internet native, and cryptographically enforced market.