By the end of 2017, I received a call from a former colleague who asked if I could be interested in a job within the blockchain and crypto industry (it was Dmitrij). My first answer was no, I am not. However, he did not give up and said I will email you some material, which ended up being the whitepaper for Covesting.
What is your job and responsibilities?
A large part of my job as Chief Commercial Officer (CCO) has been to set up our headquarters in Gibraltar. We needed to make sure we are headquartered in the right location, meet the conditions from the local authorities, and most importantly; employed the most talented and enthusiastic employees.
I am extremely positive and proud of what we have built in Gibraltar and feel we are extremely well equipped to launch our platform. In addition to being responsible for our Gibraltar office daily, I work, among other things, to create new contacts and also utilize my old network to spread the knowledge of Covesting.
Before joining Covesting, you worked at Saxo Bank. What fascinated you in Dmitrij’s idea, that you decided to leave your previous job in favor of Covesting?
In 1992, I was one of the first employees in Midas Fondsmæglerselskab, at that time we were a small brokerage house located in Copenhagen, Denmark. In the late 90’s, when most people still had not heard about the internet, the owners of Midas got an idea of developing a platform that gave customers the opportunity to perform their own trades without having to call brokers or banks. It was very innovative thinking and after a few years, Midas started to gain customers from all over the world. At the same time, we searched for a bank license and changed its name to what we today know as the well-known international institution, Saxo Bank.
By the end of 2017, I received a call from a former colleague who asked if I could be interested in a job within the blockchain and crypto industry (it was Dmitrij). My first answer was no, I am not. However, he did not give up and said I will email you some material, which ended up being the whitepaper for Covesting. I had not read it completely before I called him and said I might be interested anyway. Here was a project that was not like something I had previously seen in this industry, and when I saw Dmitrij and Tim both had a background from Saxo Bank, I was convinced. What struck me the most was how streamlined everything was and they were already starting to develop a platform that was in many ways something I had been involved in building in the 90s. A multi-trading platform that contains all the things that made Saxo Bank’s platform a success, and equally important as one of the first companies who applied for a license.
Why do you think Covesting will succeed and how do you see Covesting within the next year?
Covesting completely differs from all companies in the crypto industry and is setting new standards. This is a challenge to the entire industry. Compared to competitors, Covesting is a regulated and compliant platform that focuses on solving really important issues. Covesting is one of the pioneers in regulation. We want to bear real responsibility for everything that we do, and believe as a leader in the industry it’s important to be at the forefront of working with governments, regulators, and financial institutions to build a legal infrastructure our clients can believe in. Within the next year Covesting will have a full scale trading infrastructure ready made for institutional and private investors with the widest range of features offered in the industry.
You were one of the first forex trading professionals when the industry started in the 90s. Are there some parallels with cryptomarket now?
One important thing to remember is that in the 90’s, the internet was not very widespread, and it’s a bit the same we see with cryptocurrencies today. As the internet became more common, there came also more online providers and the authorities began to set regulations. I see the same thing happening within the crypto market, it will be the serious players, like Covesting, who win.
How did you enter the financial industry?
I started in the financial world in 1992, in the mid 80’s I worked as a director of sales and marketing in the IT industry with IBM and Apple products. My interest in the financial world had always been there, and when I met the founder of Saxo Bank, he convinced me to switch.
How do you find our trading competition? What are your expectations? Is it possible that some day we find Kurt Carlsson among the trader’s list in the Covesting platform?
It is a very unique opportunity for both our traders and ourselves to test the platform, and make small corrections to improve the product. This also allows our faithful supporters to become familiar with all the different features we offer. I am looking forward to following the competition, and I’m excited to see how it all goes with so many professionals testing the finished product.
As far as if you’ll see me on the trader’s list? Maybe one day — I’ve been trading most financial products over the last many years and I know with this investment tool we’ve developed it will be hard not to trade.
What do you wish for our contestants?
I wish for all our contests, of course, good luck; but at the same time I would like to thank all the support and feedback they have given the last many months that has grown our product into what it is today, and what it will continue to grow into, in the future.