Bitcoin, like a lot of other things, is in extreme greed. People accuse me of having an Oppenheimer problem with crypto, but I can’t help myself. I’ve always loved it. Watching the flows (and gold’s mid-November rotation into Bitcoin), it’s clear that institutional investors are ready to love it, too.
Monetary heresy and its attendant ideologies used to be a thing of the left. My favorite historical monetary heretic is Silvio Gesell, who developed and put into use a demurrage currency called Freigeld. He didn’t believe in interest, rent charges or inherited privilege. He served as the finance minister to the Bavarian Soviet Republic for 7 days, was prosecuted for treason and died of pneumonia in exile. Whether or not you find his principles misguided, you have to admit: he gave it a go.
Ideas matter. You can’t win if you don’t play offense. Critique of an idea is not an original idea. We’re entering an era of gadflies. I’m ready for a healthy debate!
Portfolio Updates
Hokodo Partners with agorane, France’s Leading Digital Ordering Platform for Supermarkets
Kaiko Acquires Vinter, Europe’s Largest Index Provider for ETP Issuers
Four Questions with Ambre Soubiran, CEO of Kaiko
Ambre is the CEO of Kaiko, the leading cryptocurrency market data provider for institutional investors and enterprises. Founded in 2014, Kaiko provides businesses with industrial-grade and regulatory-compliant cryptocurrency market data, analytics, indices and research. Kaiko empowers market participants with global connectivity to real-time and historical data feeds for use cases across the investment lifecycle.
R: What have you been up to lately?
A: Trying to steer Kaiko properly! We’ve experienced tremendous growth (+80% since 2023). I’m trying to balance the long term strategy with the focus on day to day, while running teams in 4 different geographies (New York, London, Paris and Singapore). Also trying to be a good mom to my three adorable monsters – they allow me to keep my sanity and perspective!
R: What are you excited about?
A: We just acquired Vinter! As demand for regulated data to power crypto financial products increases, we have acquired the European leader of indices for the asset management industry. Separately we also launched our Kaiko onchain services, bringing our trusted market data directly to the blockchain, ready to power smart contracts / DeFi applications.
R: What do you need from the Foxe Capital universe?
A: Intros, network (you helped me hire both my incredible COO, Élodie de Marchi, and our former General Counsel, now Advisor) and an always open ear to help me think constructively about issues, with always the right dosage of care and humor!
R: What's your walk-up song?
A: Gotta Get a Move On by Vladimir Cosma.
Recent Ideas
Open Banking is Finally Coming to America
This year, at long last, the Consumer Financial Protection Bureau finalized its personal financial data rights rule, initiating a call to action for banks to cut fintechs a slice of the pie.
Investing in...Reactiv
The Reactiv platform offers a new way for ecommerce companies to approach building mobile apps and launch their own app clips – automating the build, management and maintenance of both.
See You Soon?
Are you in Miami in December? LMK!
Get In Touch
LinkedIn | Substack | X | Email