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Speaker 1: Investing and involves the risk you might lose the money

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Speaker 1: you start with. We recommend talking to a licensed financial advisor.

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Speaker 1: We also recommend reading product disclosure documents before deciding to invest.

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Speaker 1: Everything you're about to see and here is current at

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Speaker 1: the time of recording.

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Speaker 2: It's a special week on Shared Lunch to mark the

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Speaker 2: recent launch of Shares is Crypto. We're going to be

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Speaker 2: diving into five conversations all about crypto, from how it's evolving,

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Speaker 2: to what investors me to know in twenty twenty five

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Speaker 2: and beyond. Just a note though some of these episodes

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Speaker 2: were recorded earlier in the year, so some market prices

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Speaker 2: and movements may have changed. In this first episode, we

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Speaker 2: talked to co CEO of Shechesy's, Leighton Roberts, and we

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Speaker 2: ask why crypto and why.

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Speaker 3: Now eight years it's pretty much being the number one

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Speaker 3: Wow requested feature on the platform, So it's always been

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Speaker 3: in our minds. It's always pretty much been when, not if,

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Speaker 3: and because of that, it's just been a matter of

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Speaker 3: working out timing and when that would work. So why now?

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Speaker 3: The first thing is that demand remains really high. We're

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Speaker 3: definitely seeing the collision between what you'd call the defile

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Speaker 3: or the decentralized finance world and the traditional finance which

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Speaker 3: is where we operate now, like that's starting to happen

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Speaker 3: more and more so even in the operations of Sheares's

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Speaker 3: a business, we're looking at ways that we might use

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Speaker 3: things like stable coins. And then finally, there's a you know,

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Speaker 3: basically a generation, particularly younger investors, who are super interested

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Speaker 3: in this. It's engaging them, and if we want to

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Speaker 3: be part of that conversation and part of the education

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Speaker 3: to support them and building their wealth, then we need

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Speaker 3: to have a products available that they want as well.

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Speaker 3: So it's a bit of a clision of things coming together,

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Speaker 3: a bit of timing, a huge amount of demand and

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Speaker 3: as I say, something that's been on our roadmap in

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Speaker 3: some shape or form for quite some time.

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Speaker 2: Cheesa's gave access to everyone a few weeks ago now,

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Speaker 2: so we've had a little bit of time. What has

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Speaker 2: the reaction been? Was it what you sought? Has there

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Speaker 2: been any surprises?

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Speaker 3: I'd say remarkably similar to what I thought. We knew

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Speaker 3: it would be popular, and we also expected that people

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Speaker 3: would would use it to make up a part of

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Speaker 3: their portfolio as opposed to a portfolio in and of itself.

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Speaker 3: So what we're seeing is I think I checked just

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Speaker 3: a few minutes ago. Actually there's over eighty thousand people

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Speaker 3: have now gone through the flow. Huge amount of those

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Speaker 3: now own various coins on the platform, and yeah, by

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Speaker 3: and large, they're using it to supplement other parts of

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Speaker 3: their portfolio. So the thing I didn't touch on earlier

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Speaker 3: is institutions and wholesale investors are now using cryptoda, or

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Speaker 3: at least they are having some exposure and they think

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Speaker 3: it's smart to have some exposure in their portfolios. So

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Speaker 3: we're seeing that as well. So yeah, huge amount of interest.

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Speaker 2: What's available on Cheesy's is slightly different to the normal

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Speaker 2: sort of crypto offering out there. Can you talk us

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Speaker 2: through the Cheesy's.

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Speaker 3: Model similar to others around the world, I'd say, but

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Speaker 3: a lot of people think about having owning crypto is

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Speaker 3: owning it in their own wallets and having their own addresses,

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Speaker 3: and that comes with some risk because if you lose them,

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Speaker 3: they're gone. And we've probably many of us have heard

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Speaker 3: those horror stories from people. So so we've taken a

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Speaker 3: custody model to it. So everyone accesses their crypto through

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Speaker 3: the shares platform and it's held in custody on Chares's.

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Speaker 3: We do over time want to look to having people

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Speaker 3: be able to move money on and off the platform

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Speaker 3: into their own wallets. But this is how we started.

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Speaker 3: We think it's a great way people get going. They

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Speaker 3: can ultimately speak to our team if they need to.

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Speaker 3: If the you know, there's the forgot password is not

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Speaker 3: an uncommon pattern on our platform either. But yeah, this

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Speaker 3: this isn't an uncommon pattern or way of holding crypto globally.

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Speaker 3: It's just a little bit different to what some people

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Speaker 3: might have might might think about when they think about crypto.

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Speaker 2: Now we've got a real range of investors on cheers E's.

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Speaker 2: What would you say to those that are perhaps crypto curious,

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Speaker 2: They aren't in there, they haven't done not some investing

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Speaker 2: in crypto before. What would you say to them?

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Speaker 3: Same thing as I say with any investment really is

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Speaker 3: like just do your own reading, have a read about it,

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Speaker 3: work out it if you can understand, and then just

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Speaker 3: give it a go. And you know, you don't have

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Speaker 3: to use huge amounts of money, you don't have to

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Speaker 3: risk the family house, and I'd highly recommend you didn't.

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Speaker 3: It's no thinking about that and just giving it a

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Speaker 3: go with small amounts and getting comfortable over time. Like

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Speaker 3: it is volatile, so you can expect a huge amount

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Speaker 3: of ups and downs, but a bit of reading goes

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Speaker 3: goes a long way, a bit of googling and then

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Speaker 3: ultimately getting comfortable yourself and trying it with a small amount.

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Speaker 2: So the crypto curious, then there's obviously a fear bit

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Speaker 2: to learn. As you say, they can do their own reading.

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Speaker 2: But how is Cheers's helping educate? Because that's all what

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Speaker 2: we've always done. When there's a new asset, class or

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Speaker 2: something new that people who have been invested for don't

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Speaker 2: know too much about, we try and educate first. So

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Speaker 2: how is Cheesy's going about that?

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Speaker 3: Yeah, So, as you touch on, education's big part of

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Speaker 3: what we do, and we'll do that in a few ways.

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Speaker 3: The first way is just in the transparency of the platform,

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Speaker 3: so being able to see that what you're buying, what

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Speaker 3: you're selling, some volatility warnings and price history and things

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Speaker 3: like that. The next thing is, over the next few

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Speaker 3: days we're going to be doing a bunch of these

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Speaker 3: podcasts actually, and there'll be a great chance for people

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Speaker 3: to learn a bit more about this world. And then

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Speaker 3: we've got some education content as well that we've put out.

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Speaker 3: So look, chess is a great place to start for

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Speaker 3: those who are curious and hopefully it might trigger you know,

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Speaker 3: a few things that might be a bit more interested

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Speaker 3: in to go do some additional learning for themselves. And

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Speaker 3: we'd love any feedback. So for themes that we can

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Speaker 3: put out in content and education that we can keep doing,

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Speaker 3: because we'll absolutely continue to invest in this. You know

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Speaker 3: now that this is a product used by tens of

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Speaker 3: thousands of our customers.

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Speaker 4: Crypto is generally considered a high risk investment. It's not

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Speaker 4: suitable for everyone, especially if you're uncomfortable with the potential

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Speaker 4: of losing some or all off your investment. For more

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Speaker 4: of the national crypto and its specific risks, check out

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Speaker 4: Chezy's dotting z slash Crypto Cheesus Crypto as offered by

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Speaker 4: Cheese's Krypto Limited,