{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Scoop","title":"Institutional appetite for digital assets \"has not slowed,\" according to PolySign and MG Stover CEOs","html":"","width":"100%","height":180,"duration":2266,"description":"Back in April, digital asset infrastructure provider PolySign acquired top fund administration firm MG Stover as reported by CoinDesk. At the time of acquisition, MG Stover had more than $40 billion in digital assets under administration. \nThis move coincided with PolySign completing its Series C fundraise, which included new powerhouse investors such as Soros Fund Management, Brevan Howard and GSR, along with former investors including Cowen Digital, who led PolySign’s $54 million Series B last year.\nIn this episode of The Scoop, Jack McDonald, chair and CEO of Polysign, and Matt Stover, CEO of MG Stover, sit down with host Frank Chaparro to record their first-ever podcast together, and to discuss the unwavering demand for digital asset-related products they are seeing from their clients.\nAs Stover explained, while crypto prices may be down, there is still plenty of private funding flowing toward building out digital asset infrastructure:\n“We get to see both the liquid and illiquid on the investment side and there's so much capital still flowing into the private companies building infrastructure around this new asset class.”\nAlthough the recent market downturn has many market participants on edge, McDonald says the long-term view institutions from traditional finance have when it comes to digital assets make short-term market movements irrelevant.\nAs McDonald said during the interview:\n“The long-term view that these traditional asset managers make in investing in this sort of way is really unaffected by the recent market downturns. They're taking a long-term view and they've done the work to make these decisions.”\n\nEpisode 54 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro, Jack McDonald, Chair & CEO of PolySign, and Matt Stover, CEO of MG Stover.\nListen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to...","thumbnail_url":"https://img.transistorcdn.com/kC6kzNjgr18dm0FmBfV_f9xccAkjj-QXoCJmVNlNtrU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xZmIz/N2E5MmRmMzJjOTU3/OTNhYjJkYzcxZTlj/MTU2Yi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}