155: From Trading $500 Million in a Basement to Building Infrastructure for Financial Giants: Norman's Journey to Establishing SCRYPT

Web3 with Sam Kamani

In this episode of the Web3 with Sam Kamani podcast, we explore the remarkable journey of Norman, co-founder of SCRYPT. Starting in a basement during the pandemic, Norman and his co-founder Sylvan traded 500 million dollars with limited resources, eventually building a leading Switzerland-based digital assets company. Norman shares his insights on the challenges of bootstrapping, the importance of trust in the crypto industry, and the evolving landscape of digital assets. We also delve into the current political climate and its impact on innovation. If you're fascinated by the future of digital assets, this episode is a must-listen.

Key Learnings with Timestamps

• [00:00:00] Introduction: Norman's journey from academia to crypto entrepreneurship.

• [00:02:04] Getting Started: Norman's early interest in Bitcoin and mining at university.

• [00:04:18] Founding SCRYPT: Bootstrapping during the pandemic and finding product-market fit.

• [00:06:07] SCRYPT's Services: Providing liquidity, custody, and staking for institutional clients.

• [00:09:53] Industry Challenges: Overcoming regulatory hurdles and building trust in crypto.

• [00:12:22] Growth and Funding: Raising capital and expanding the team and services.

• [00:15:11] Marketing to Institutions: Strategies for gaining trust and reputation in the institutional space.

• [00:21:02] The Future of Crypto: Norman's insights on industry trends and regional innovations.

• [00:27:55] Challenges Ahead: Innovating while navigating regulatory landscapes and market dynamics.

• [00:33:34] Personal Insights: Norman's views on the political and economic climate affecting crypto.

• [00:43:40] Closing Thoughts: The importance of autonomy, trust, and continuous innovation in the crypto space.

Disclaimer

Nothing mentioned in this podcast is investment advice and please do your own research. Finally, it would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.

Connect with SCRYPT and Norman here

SCRYPT's Linkedin: https://www.linkedin.com/company/scrypt-digital/

SCRYPT's Website: https://www.scrypt.swiss/

SCRYPT's Twtitter: https://x.com/Scrypt_Swiss

Norman's Twitter: https://x.com/NormanWooding

Norman's Linkedin: https://www.linkedin.com/in/normanswooding/details/experience/

Be a guest on the podcast or contact us - https://www.web3pod.xyz/