Suggestions
Phong Dao
CEO & Co-Founder @iVE.ONE | Business Punk Watchlist 2023 | Speaker | Advisor | Innovation Driver
Phong Dao is the CEO and Co-Founder of iVE.ONE, a company focused on leveraging blockchain and AI technologies for corporate digital transformation.12 He has been serving as a Member of the Committee for Digital Finance at Bankenverband since February 2023.2
Phong Dao is based in Frankfurt, Germany, and has extensive experience in the financial industry.2 He has founded two companies and previously held leadership roles, including serving as an interim product director in a startup that successfully exited.2
In addition to his role at iVE.ONE, Dao's professional experience includes:
- Product Owner and Manager at PS-Team Deutschland GmbH & Co. KG (October 2017 to February 2019)3
- Scrum Master at Deutsche Bank (December 2015 to June 2018)3
- Digital Asset Advisor at Eco Wave Power (February 2018 to July 2019)3
- Member of the Mitigation and Research & Development Team at Climate Chain Coalition (February 2018 to December 2019)3
Phong Dao holds a Master of Business Administration (MBA) from FOM University of Applied Sciences for Economics and Management and has also attended Technische Universität Darmstadt.3
As of January 2025, Phong Dao continues to be active in his role as CEO of iVE.ONE, recently representing the company at the Crypto Asset Conference4 and sharing insights on entrepreneurship, technology, and innovation on his LinkedIn profile.56
Highlights
I've enjoyed taking a step back from posting and simply observing the developments in the digital asset space.
Cryptocurrencies remain the standout use case. Integrating them with traditional asset classes continues to show promise. As for tokenization, it currently seems more like a playground for larger institutions experimenting with proof-of-concepts or generating buzz rather than delivering tangible results. There are few, if any, examples of large institutions offering tokenized assets to retail clients.
What I find particularly amusing is how startups promote tokenization, and I want to clear up four misconceptions:
𝗙𝗮𝗹𝘀𝗲 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗖𝗹𝗮𝗶𝗺𝘀: The secondary markets for tokenized assets are still underdeveloped. 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗢𝘃𝗲𝗿𝗵𝘆𝗽𝗲: The belief that blockchain alone will revolutionize everything. 𝗘𝗹𝗶𝗺𝗶𝗻𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗠𝗶𝗱𝗱𝗹𝗲𝗺𝗲𝗻: The assumption that streamlined blockchain processes will remove all intermediaries. 𝗨𝗻𝗶𝘃𝗲𝗿𝘀𝗮𝗹 𝗚𝗹𝗼𝗯𝗮𝗹 𝗥𝗲𝗮𝗰𝗵: The idea that global reach applies universally and without exception.
Maybe tokenization will eventually deliver on its promises, or maybe it won't. If it does, it will likely take several more years, and by then, something even better might have emerged.
What are your thoughts on this?
#tokenization #digitalassets
I'll write this in English due to my international audience and ask: why doesn't Europe or Germany learn when it comes to #payment systems? How can we waste so much money on something no one needs? I'm talking about the payment systems "Giropay goes, Wero comes" - and my prediction is Wero will go too.
Supporters say it's a positive first step, but I share Thomas Schaufler from Commerzbank's view: "As a consumer, I personally see no need for a new payment system. I have not yet realised what problem EPI solves: the existing payment systems work"
What I see is (1) an app that no one will use (2) a strategy that will not pay off (3) spending money on consultants for tons of PowerPoints and useless go-to-market strategies (4) and something that I don't want to say.
Whatever? Maybe I'm saying something no one wants to say, or I'm totally wrong with my prediction. Let's learn and see what comes after Wero.
Here an older link to read: https://lnkd.in/grKak8f2
