Multichain Asset Managers Association (MAMA)

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Basics

  • Founded in: 2017
  • Based in: Zurich
  • From their Linkedin (27-4-2021):
  • "MAMA (Multichain Asset Managers Association) is a global community of organisations working to transform asset management through blockchain technology."

History

"The Multichain Asset Management Association (or MAMA for short) was recently formed at the first annual M-0 conference in Zug, Switzerland. Initiated by Melonport AG, MME Legal Tax Compliance and Bussmann Advisory with the support of the Swistzerland-based Canton of Zug Economic Affairs, MAMA’s 22+ founding members will function as a trade body."

"MAMA (Multichain Asset Managers Association) was co-founded by Melonport and others in 2017. It was founded out of an early need we saw for a unified voice to represent the on-chain asset management space. DeFi technologies are very disruptive to financial intermediaries and there is a general fear of losing operational and regulatory control of an industry through new technologies which can do the job “the same or better”. I believed (and still believe) that it will take a lot of education and lobbying to enable decentralised asset management technologies to flourish and reach their full potential. If regulators were truly understanding the technology’s potential and fearing it less - the discussion would move past KYC/AML and towards collaborative routes. That is our goal. The relationship between MAMA and Avantgarde Finance is that Avantgarde is now a member of MAMA and I continue to serve on the board of MAMA and devote time to it on a voluntary basis."

Projects

"We carry out the following activities:

  1. Work with regulators to raise awareness of the benefits of decentralised technologies and ensure a suitable regulatory regime for on-chain asset management.
  2. Carry out projects and pilots to test how blockchain technologies can best be deployed to transform asset management.
  3. Disseminate resources and insights about on-chain asset management, including the latest insights from regulators, policymakers and academics.
  4. Organise events to grow and strengthen the MAMA community and to foster discussion between industry, academia, policymakers and regulators."
  • Some pilots have been planned. Mona El Isa elaborated more on this in a presentation (12-6-2018):

"Mona concludes her presentation with early pilots of technology-regulated and operated investment funds. “We decided to start with the following jurisdictions: Malta, Liechtenstein, Gibraltar, Jersey, Switzerland, and the UK,” she says. Base58 Capital, an asset manager from Switzerland who submitted the first application for a cryptoasset investment fund to the financial regulator in Malta, plans to launch a fund on the blockchain together with MAMA, Melonport and MME. Another pilot is in planning in Jersey with JTC Group. Additional projects include one in Gibraltar later in Q3 2018 and a project in Liechtenstein with Bank Frick. In Switzerland and the UK, the discussions are more preliminary, because the jurisdictions have more layers to work through."

Team, Members, Funding

Team

Members

"Founder members include: University of Luzern, Credit Suisse AG, Passport Capita, JTC Group, Melonport, MME Legal Tax Compliance, Bussmann Advisory, ConsenSys uPort, Bitcoin Suisse, Crypto Fund AG, Kenetic Capital, Lendroid, 0x Project, Ethfinex, Omega One, Vo1t, Kryptonite, Cyber Fund, Neufund, Midas Technologies AG, Lakeside Partners, Virtual Capital Ventures amongst others."

Aave, Akropolis, Archax, Bitcoin Suisse, Credit Suisse, DIA, DeversiFi, KR1, MakerDAO, Scrypt, Swiss Blockchain Federation and Tezos Foundation, among others.

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