Toby Jury is an Operations Associate in Mesirow Currency Management Prior to joining Mesirow Toby was an Operations Specialist at The Cambridge Strategy (TCS In 2018 Mesirow completed the purchase of a significant portion of TCS assets  Toby studied business management

Todd Krzyskowski is a Managing Director in Mesirow Public Finance He specializes in serving Midwestern clients who issue general obligation and revenue-backed bonds specifically in Indiana and Illinois Todd has extensive experience in the industry including broad underwriting and infrastructure financing Prior to joining Mesirow in 2008 he served as a Senior Banker at JP Morgan where he…

Todd Waldrop is the National Head of Public Finance at Mesirow In this capacity he oversees the structuring and advising of municipal financings He also plays a pivotal role in shaping the strategy and growth of Mesirow’s Public Finance division focusing on innovative solutions to meet the funding needs of municipalities and related entities across the country With over 25 years of investment…

July 16 2024 | By, Mesirow Currency Management,  , Panning for digital gold, Tokenized gold works by digitizing ownership of actual physical gold making it accessible secure and tradeable on a distributed ledger Will investors rush to this 21st century treasure  Gold miners heading west - 1899 Antique Engraved Victorian Illustration of Gold Miners Heading West Wagon Train Victorian Engraving 1899 Source Getty Images, There’s gold in them thar phones, National mints financial technology companies and custodial banks such as HSBC have a golden quest tokenizing gold These financial institutions want to turn the precious metal into a digital version that can be easily bought or sold on mobile phones  It’s not an easy task some financial firms have announced plans for tokenizing gold only to give up a few years later Undeterred HSBC a large player…, Tiny market poised for extraordinary growth, The tokenized gold market is small standing at about 12 billion dollars Three cryptocurrencies PAX Gold Tether Gold and Kinesis Gold dominate together they account for over 96% of digitized gold holdings As a portion of managed assets tokenized gold is a tiny fraction of a percent But HSBC and Northern Trust project that by 2030 five to ten percent of all assets will be digital that translates…, How does it work, Digitizing gold begins when a custodial bank stores gold destined for tokenization in a vault Securely storing the gold assures token owners that the digital version is backed by physical gold  STEP 1 SECURE PHYSICAL GOLD Gold vault Federal Reserve Bank of New York Gold vault Federal Reserve Bank of New York Source Wikimedia Commons STEP 2 CREATE DIGITAL VERSION The custodian or a partner creates…, Origin and accessibility, Besides recording transactions distributed ledgers can store information useful to token holders and potential buyers The origin of the gold – whether mined recycled or commingled gold – and its purity can be stored on the ledger Other stored information such as the provenance or ownership history might be valuable to some holders and potential buyers and increase the token’s worth  Accessibility…, It ain’t easy, HSBC is trying where others have failed In 2019 technology firm InfiniGold introduced a digital token backed by gold holdings of The Perth Mint in Australia The tech partner pulled out in 2023 when the mint was accused of breaching Australian and US laws Sales were poor less than 1200 ounces were tokenized valued at about $35 million Australian dollars In 2018 the Royal Mint in Britain shelved…, Explore more currency insights, Cryptocurrencies and Tokenization, Distributed ledger technology fosters digitization of just about everything Read article, Can a US rapid payment system take off, Hedge Share Class Investors Grapple with Shorter (T+1 Security Settlement Cycle Read article

Tom Galuhn is a Senior Advisor for Mesirows Private Equity team He leads the co-investment activity is a member of the Private Equity Investment Committee and is involved in all aspects of the private equity investment process  Tom has more than 30 years of private equity investing experience Prior to joining Mesirow in 1987 he was a Principal in the corporate finance group of a regional…

Tom Hynes is a Senior Managing Director on the Mesirow Capital Formation and Currency Solutions team He is responsible for marketing and distribution of the firm’s investment capabilities to institutional investors and investment consultants in North America  He is also a member of Mesirow’s Board of Directors Prior to his current position Tom worked as an Investment Associate in Mesirows Private…

Tony Valentino is a Client Relationship Specialist in Mesirow Wealth Management He is responsible for the day-to-day client services and communications Tony has three years of experience in the financial services industry Prior to joining Mesirow in 2024 Tony worked as a Practice Manager at Ironbridge Wealth Counsel starting in 2021 Prior to that he held a position as a Seasonal Client Associate…

Tracey Ungaretta is Managing Director of Asset Management in Mesirow Institutional Real Estate Direct  She is involved in all aspects of managing the group’s real estate assets Tracey has over 30 years of multifamily management experience with a background that includes development marketing financial performance and overall property operations Prior to joining Mesirow Tracey was at Greystar…

Trina Johnson Gardner is a Vice President and Client Relationship Specialist in Mesirow Wealth Management She is responsible for day-to-day client service and communications including client portfolio analysis trade processing account processing and documentat ion She has served as an active member of the Mesirow Wealth Management Client Experience Committee Trina joined the firm in 2003 and has…