Asset-Backed Currencies in Retrospective and Perspective: Past, Present, Future

Tuesday, March 6, 2018 - 3:30pm EST

Dear All,

You are cordially invited to attend the FRE Lecture Series. Dr. Alexander Lipton will present a lecture on the following topic:


Asset-Backed Currencies in Retrospective and Perspective: Past, Present, Future


We study the evolution of ideas related to creation of asset-backed currencies over the last two hundred years and argue that recent developments related to distributed ledger technologies and blockchains gives asset-backed currencies a new lease of life. We propose a practical mechanism combining novel technological breakthroughs with well-established hedging techniques for building an asset-backed transactional oriented cryptocurrency, which we call the digital trade coin (DTC). We show that in its mature state, the DTC can serve as a much needed counterpoint to fiat reserve currencies of today. Joint work with S. Pentland and T. Hardjono.


Alexander Lipton is Founder and CEO of Stronghold Labs, Co-Founder of Distilled Analytics, Partner at Numeraire Financial, Connection Science Fellow at MIT, and Visiting Professor of Financial Engineering at EPFL. He is an Advisory Board Member at several FinTech Companies.

In 2016 he left Bank of America Merrill Lynch, where he served for ten years in various senior managerial roles including Quantitative Solutions Executive and Co-Head of the Global Quantitative Group. Earlier, he held senior managerial positions at Citadel Investment Group, Credit Suisse, Deutsche Bank, and Bankers Trust. In parallel, Alex held several prestigious academic appointments at NYU, Oxford University, Imperial College, and the University of Illinois. Before switching to finance, Alex was a Full Professor of Mathematics at the University of Illinois.

In 2000 Alex was awarded the first ever Quant of the Year Award by Risk Magazine. Alex published seven books and more than a hundred scientific papers. His next book “Financial Engineering - Selected Works of Alexander Lipton” is to appear shortly.

R​efreshments will be served​ and we look forward to seeing you there​.​