- Daniel Kim went from conventional banking to Crypto, led Maple Finance and co-founder of Volta to enhance institutional lending and security.
- He sees the position of Bitcoin in Defi development, with BTC derivatives and Lightning Bitcoin that improves institutional loans and liquidity in blockchain financing.
The monetary world is consistently altering, however few individuals have tailored as rapidly as Daniel Kim. From his early days in conventional banking till now shifting invention in DefiDaniel’s Pad is one among flexibility, braveness and forward. As a result of he has a lot expertise, he at the moment leads the unsecured crypto credit score revolution.
Daniel Kim: See additional than conventional banking
Daniel developed his skills within the conventional monetary sector lengthy earlier than he crypto room. Beginning his profession at varied prestigious firms, together with BNP Paribas and State Road, the place he centered on mounted -income capital markets.
His time there helped him to have a robust consciousness of how cash flows, which manages and the way he can greatest use the monetary system.
Nonetheless, one factor bothered him that every thing: conventional monetary procedures had been overly gradual and inflexible. Conversely, he started to note innovation within the crypto room. Daniel steadily started to see the prospect outdoors the standard financial institution construction.
From banking to blockchain management
Daniel got here to a life -changing determination in 2016. He left the conveniences of banking and joined Gemini changeA crypto change began by the Winklevoss -Weeling. He was accountable for creating providers for institutional clients there, particularly with regard to digital property commerce and guardianship.
This promotion has unlocked completely different doorways. After Gemini he joined Itbit (now Paxos), the place he performed an vital position in buying his New York Belief Constitution. This was an vital achievement that ITBIT would run as a regulated monetary entity – a rarity within the crypto house at the moment.
But the precise problem began. Daniel needed extra than simply to trip on the Golf; Crypto exploded. He needed to create one thing that might actually rework the monetary panorama.
Daniel Kim: Crypto -Loingen once more outline at Maple Finance
After having labored for varied crypto firms for a couple of years, Daniel joined the American Sfox, a major brokerage. There he developed an improved liquidity system for institutional buyers. But his ambitions went past that.
He joined Maple Finance as head of the capital markets in 2021. Greater than only a Defi platform, Maple Finance is a location the place firms and establishments can receive crypto loans that may be freed from collateral. Most credit score platforms are nonetheless primarily based on appreciable quantities of collateral, so this method could be very completely different from them.
Furthermore, Maple Finance continued to increase underneath the path of Daniel. Increase to the Solana blockchain after the acquisition of Avari, a credit score system primarily based on Solanawas one of the vital achievements. Due to this motion, Maple Finance can improve the vary -offering and assist extra tasks with the rising blockchain ecosystem.
A brand new customary for defense towards digital property
Not content material with simply creating maple financing, Daniel additionally continued to search for new approaches to extend the safety and effectivity of the business. He was co-founder of the Volta circuit in 2024 along with former Sfox CTO George Melika. Volta is a digital asset safety system utilizing non-custodial multi-signature expertise utilizing institutional investments.
Within the crypto house, safety has at all times been a fantastic difficulty, particularly for giant buyers who deal with big quantities of cash. With Volta, Daniel aimed to completely clear up this drawback. The challenge developed market confidence pretty rapidly. To assist them promote their expertise, they certainly obtained $ 4.1 million for seed financing.
Institutional potential unlocking with BTC
Daniel now retains an eye fixed on the traits within the crypto business and he finds it use Bitcoin Notably attention-grabbing within the Defi -Ecosystem. He believes that within the close to future extra credit score platforms will use Bitcoin derivatives as collateral and can open extra choices for institutional buyers.
Furthermore, he sees Lightning Bitcoin (LBTC) as a improvement in decreasing the counterparty dangers and stimulating liquidity. If this tendency continues to increase, Bitcoin can turn into extra vital within the monetary system -based monetary system.