"We're stepping more and more into an almost bigger focus in the building in crypto."

On this episode of The Scoop, Kanav Kariya, President of Jump Crypto joined host Frank Chaparro for a rare interview to discuss Kariya’s vision for its 100-person large digital assets division.

Launched in the late 1990s, Jump is one of the most active trading firms across equities and crypto markets. Kariya spoke about his path from an internship in 2017 at Jump to becoming the president of the firm's crypto wing.

"The way things work at Jump is you naturally assume positions and then you're kind of handed the role after," Kariya explained.

In addition to market-making and trading, Kariya outlined how the firm is also interested in building new projects. “The possibilities for the space are just far greater than DeFi and financial stuff,” Kariya said.

He went on to explain that a big part of the firm’s strategy has been to participate in governance and build on different networks, highlighting projects like Pyth, Oasis and Wormhole. Jump Crypto also has a dedicated staff building on Solana.

“A lot of that is in translating the engineering work that we've done on building trading systems and bridging that over the building, tooling and contributing to these open crypto repositories," said Kariya. In fact, he announced that Jump Crypto is focused on putting healthcare networks on-chain via the Oasis Network.

Kariya also expressed optimism about non-fungible tokens or NFTs, saying that Jump Crypto is watching the evolution of NFTs as an asset class.

“There's no reason that those resources as an asset class couldn't evolve to be like any other tokens or financial products,” Kariya commented.

Episode 68 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Kanav Kariya, President at Jump Crypto.

Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.

This episode is brought to you by our sponsors Bakkt, Kraken and Exodus

Bakkt® unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. We began in 2018 with the vision to bring trust and transparency to digital assets. Through the Bakkt Warehouse and Bakkt Bitcoin Futures and Options contracts, we serve institutional clients in an end-to-end regulated market with true price transparency. For consumers, Bakkt aggregates digital assets to enable instant liquidity and to empower users to trade, transfer and pay however they want. Visit Bakkt.com for more information

About Kraken

Whether you’re an experienced crypto trader or just starting out, Kraken has the tools to help you achieve financial freedom. With 50+ cryptocurrencies to choose from, industry-leading security and a wide variety of features to suit any investing strategy, Kraken puts the power in your hands to buy, sell and trade digital assets. Visit Kraken.com to get started today.

About Exodus

Exodus is leading the world out of traditional finance by building beautiful and user-friendly crypto products. Forget having to learn the nuances of different cryptocurrencies. Exodus is designed for everyone and hides the complex details behind a beautiful and intuitive interface.

Buy and sell one cryptocurrency for another from the comfort of your wallet, in seconds. Funds remain under your full control.

Secure, manage, stake, and exchange all of your favorite cryptocurrencies from one wallet. No account registration is required. Download Exodus at Exodus.com or directly from Google Play and the iOS App Store and you’re ready to go.

Jump's Kanav Kariya details the firm's growing footprint in Solana, governance, and blockchain use cases 42:23 Share

The Scoop

Shownotes Transcript

Jump's Kanav Kariya details the firm's growing footprint in Solana, governance, and blockchain use cases