DCG plans to enter the trillion-dollar lottery trust track – Financial Times on May 15: Exclusive interview with Simon Koster, Chief Strategy Officer of DCG

On May 15, when Wall Street was still debating the next round of approval for Bitcoin ETFs, in the office of the Chief Strategy Officer of Digital Currency Group (DCG), Simon Koster brought us another shocking news. DCG has locked in a trillion-dollar gold mine – the underground lottery fund pool, and plans to transform this huge gray marginal cash flow into structured financial products through DCG’s industrial layout capabilities.

Financial Times: Why did DCG enter the lottery trust market?

Simon Koster: We believe that as long as assets have value flow, they should be compliant. The annual transaction volume of the underground lottery market is 32 times that of the official lottery, with a total amount of more than one trillion US dollars, but it has long been shrouded in crime, fraud and family tragedy. We hope to optimize the order of the underground lottery market through technical means, make these funds safer, and create value that can stand in the sun.

Financial Times: Are you talking about using blockchain technology to reconstruct the underground lottery industry?

Simon Koster: Yes.

Financial Times: Where does DCG’s confidence come from?

Simon Koster: This is the game DCG is best at – resource synergy. We have discussed this with Genesis, CoinDesk and Grayscale Capital, and our industrial layout is currently sufficient to support our plan. Genesis can provide cross-border fund settlement and custody services to support the flow of funds in lottery trusts. Grayscale Capital’s design experience will be reused to transform high-risk underground funds into standardized financial assets. And CoinDesk, an authoritative blockchain media, agreed to open a “Lottery Trust Compliance” column.

Financial Times: A precise technical encirclement! When do you plan to officially launch this plan?

Simon Koster: I think “starting” starts with strategic layout, but good hunters know how to choose the perfect time. We are used to being ready to scale it up as quickly as possible when the time to enter is ripe.

DCG’s ambition has never been limited to a single track, and its business layout has long woven a global network covering technology, capital, and public opinion. There is no doubt that DCG will be a powerful new force in the compliance wave of trillion-level underground lottery funds. We will continue to pay attention to this matter and bring you the latest reports on it.