Stasis CEO explains why it's beneficial to tokenize national fiat currencies [INTERVIEW]

Gregory Klumov, founder and CEO of Stasis, a platform that allows users to legally digitize any type of financial asset in a secure and transparent manner, says that after creating the framework for digital assets in Malta, he made a strategic shift into entrepreneurship in order to develop crypto-related products for institutional investors.

The global real estate market is worth $217 trillion, global stocks are worth $85 trillion, while assets like hedge funds or commodities are worth $3 trillion and $20 trillion, respectively.

After doing some research around the world, I discovered there is a lack of an objective regulatory approach towards digital assets that balances the interest of entrepreneurs as well as regulators.

Exchanges should provide maximum transparency about their book building process and avoid getting involved in the issuance of digital assets to avoid creating any conflict of interest.

Alongside this, we have built our own STASIS wallet application that would allow users to transact between an assortment of digital assets and is one of the first wallets to offer accredited transfers for Ethereum-based transactions.

Being a non-custodial wallet, it doesn't hold the funds and digital assets can be sent without users having to pay a network fee, unlike the Ehtereum wallet, for example, which requires users to pay ETH to make the transaction possible.

As well as continuously partnering with a range of service providers around the world, ensuring minimal risk for investors, we are also closely involved in government relations, providing advice on how digital assets should be regulated and how regulators approach digital assets.

In 2019, we published the second edition of our 2018 book Digital Asset Regulation: A Cross-Country Analysis, targeted at state-level decision-makers and containing a comprehensive overview and analysis of digital asset regulations in 13 jurisdictions worldwide.

Explain why you think other assets and currencies will play a bigger role in the future economy.

To end with a very simple argument: stablecoins are the simplest digital asset for newcomers to try on before the exciting journey into this new asset class.