Episode 44 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Bill Barhydt, CEO of Abra.
Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.
As the crypto market matures, owners of “pristine” digital assets will increasingly be able to use their holdings as collateral for an array of financial services, according to Bill Barhydt, CEO of Abra.
Founded in 2014, crypto wealth management platform Abra closed a $55 million Series C last September led by IGNIA and Blockchain Capital.
In this episode of The Scoop, Barhydt explains why the recent Terra blow-up has no impact on crypto’s disruptive potential, and how a new wave of crypto-backed financial products promises to unlock more utility for long-term holders.
As Barhydt explains,
“Most banks won’t recognize crypto — I don’t even know any t
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