Blockchain and digital assets are not going away and continue to intrigue. FOX’s Nate Hamilton shares what you should know about this rapidly expanding landscape. Nate Hamilton, Vice Chair, FOX
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Welcome to the FOX Member Summit: Blockchain and Digital Assets Peter Moustakerski, CEO, FOX Nathan Hamilton, Vice Chair, FOX
This session provided an overview of the Blockchain and Digital Asset industry as well as the evolution of the space and how it got to where it is today. Key challenges related to the future growth of the industry were also shared. Bill Barhydt, CEO, Abra Moderated by Nathan Hamilton, Vice Chair, FOX
Michael Novogratz shared his journey of founding one of the largest investment firms in the Digital Asset space and his thoughts on emerging technology applications such as Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and the Metaverse. Michael Novogratz, Founder and CEO, Galaxy Digital Moderated by Nathan Hamilton, Vice Chair, FOX
The new year brings unique opportunities for families and their offices, but it can also create new obstacles to navigate. FOX has identified three dominant themes that will drive disruption and opportunity for families of wealth, their family offices, and their professional advisors.
We rely on – and have come to expect – real-time information to make decisions in every aspect of our lives. Family offices are no different. Unfortunately, many continue to use time-consuming manual processes for getting their data into the systems that need it. As a result, many family offices have been searching for technology solutions that function like additional back-office staff, to free up existing employees to handle tasks that can’t be automated.
Family office technology continues to grow at an exponential rate. While the new technologies are exciting, many family offices are still dealing in old data methods. The technologies of the early aughts are no longer sufficient for future client demands but changing them isn’t like changing a light bulb. What challenges and opportunities should you be ready for? Which systems should you evolve first? What do you need to get your data ready for the transformation? What steps can you take to prepare for the family office of the future and better serve your clients?
Trust is the core value in family offices' work. It has been forged over decades and in some cases, generations. Trust has always been fragile, but in the digital space, even more so. How is trust redefined in a world where we will be conducting work mostly digitally? How do we choose technology that builds trust rather than destroys it? What are the five red flags we need to be aware of, and how does ethical AI address these concerns? These questions and more are addressed.
Cybercrime has accelerated and matured at a breathtaking pace. What once was the domain of lone hackers in basements now ranks with the highest threats to businesses, people, and countries today. From how the attackers got into the aftermath of a cyber event, how this has affected and will continue to affect the family office space requires a dual lens approach. Get up to speed on key threats you will face, learn new trends in protection and risk practices, and take away the simple but critical steps you need to take to secure your organization against cybercrime and digital risk.
Most family offices want to modernize their operations and leverage the newest innovations in AI and machine learning. The data of many family offices is not properly organized to take advantage of such technologies. Family office technology has come a long way, however family offices still lag in the adoption of these enabling technologies. Eton Solutions will discuss the steps you need to make to be prepared for the family office of the future and better serve members of the family.Phil Ierardi, Senior Vice President of Sales at Eton Solutions, LP