Algiers, June 2018

1. Financing Smart Cities
Smart Cities Global
Summit June 27, 2018
Algiers
anthony@finhaven.com
@tonynicalo

2. The first bonds were issued on clay tablets, with interest payable in the currency of the time, corn
Mesopotamia 2400 B.C.
Capital markets are as old as civilization
2

3. Public stock exchange began
with open outcry in
Amsterdam
3

4. Capital market innovations are usually controversial
4

5. “We tend to overestimate the effect of a
technology in the short run and underestimate
the effect in the long run”
- Roy Amara

6. Programming a chain of blocks

7. Programmable 1.0
7

8. Programmable 2.0
8

9. Confidential 9
‘Self-financing Infrastructure’

10. Confidential
Tokenized Carbon
Liquidity Faster Secure
Lower cost Shared Data
10
Global Auditable

11. Confidential
Tokenized Bonds
11
GLOBAL EXCHANGE REGULATORY
COMPLIANT
TOKENIZED
SECURITIES
SMART CONTRACT
GOVERNANCE &
SETTLEMENT

12. Confidential
Evolution of capital markets
OPEN OUTCRY
● Transparent
● Paper process
● Direct ownership
PROGRAMMABLE
● Transparent
● Digital process
● Direct ownership
12
ELECTRONIC
● Opaque
● Paper process
● Indirect ownership

13. Confidential
Blockchain will have the same
transformative impact for the
transfer of value that the Internet
had for the transfer of information.
13
Thank you
anthony@finhaven.com
@tonynicalo