Thoughts on a blockchain-based pooled investment vehicle that could provide capital for financially excluded businesses in Africa, Asia, and Latin America.
In Ayn Rand’s “Atlas Shrugged” (cue snark), the builders and independent thinkers escape to Galt’s Gulch whilst a constellation of communists and conformists grind society to a halt.
After Jumia’s IPO a couple years ago, I wrote a brief argument for why I thought African startups would surprise to the upside (see “African Startups” below).
Gary Gorton (Yale) and Jeffery Zhang (Federal Reserve) recently wrote a fascinating paper on the systemic risks of ‘stablecoins’ and the prospects for a central bank digital currency (‘CBDC’).