“Norwegian banks stand in front of a tipping point on crypto”. Torbjørn Bull Jenssen

International and Norwegian banks are in the process of moving from thinking box to implementation. Torbjørn Bull Jenssen, CEO of K33, predicts that during 2025 we will see the first Norwegian banks that will offer crypto trading, and then the others will quickly follow suit.

January 29, 2025
“Norwegian banks stand in front of a tipping point on crypto”. Torbjørn Bull Jenssen

After recently seeing a lot of news in the borderland between crypto and classical finance, we at Kaupr have invited Torbjørn Bull Jenssen in K33 to a review of current and crypto-related topics that may have an impact on the future of finance, point by point. This is the video interview you should watch to update you on crypto trading, payments and savings. (The video interview is in Norwegian).

Risky to stand on the sidelines

“The most important thing that is happening now is that Bitcoin and cryptocurrency have become mainstream. And it's gone from being something that most financial institutions think of as risky to do, at least reputationally, to being something they see as risky NOT to do,” Bull Jenssen says in the interview. “That's exactly the shift we're seeing now”.

Bull Jenssen also says that K33 is in the process of onboarding the first Norwegian savings bank as a customer in K33, and that another Norwegian bank is in the process of setting up Bitcoin as part of a fund structure.

Crypto and TradFi - point by point

We recommend that you watch the entire interview in context, but have also prepared topics for you that you might be particularly interested in.

00:19 Introduction and welcome

00:45 The main changes

01:03 Institutional investors arrive

01:42 Cryptocurrency and Bitcoin have gone mainstream

02:02 Banks in Norway are coming

04:33 Change in the narrative and money to be made

06:18 We face a tipping point

08:35 What's the big turning point?

09:56 Meaning of MiCA?

10:56 What's going on in the US with Trump?

13:03 Are we now seeing a three-split in crypto?

14:02 Bitcoin is on its own journey

14:26 Memecoins are not cryptocurrency

15:23 DeFi and tokenization

17:30 Bitcoin and smart contracts?

18:55 Ethereum and Solana

19:32 Payments using crypto

20:51 Increased risk of a fragmented world

21:48 Norges Bank should buy Bitcoin

27:07 Crypto trading in the banking apps?

30:05 Are banks competitive?

32:58 Bitcoin, trading and payments

36:37 Reporting to the Tax Administration

39:41 The dream of freedom?

42:00 Banks with FOMO?

Also stay tuned to the online newspaper Kaupr.io and the Equity newsletter to stay up to date on the further evolution of the relationship between crypto and classical finance.

“Norwegian banks stand in front of a tipping point on crypto”. Torbjørn Bull Jenssen

International and Norwegian banks are in the process of moving from thinking box to implementation. Torbjørn Bull Jenssen, CEO of K33, predicts that during 2025 we will see the first Norwegian banks that will offer crypto trading, and then the others will quickly follow suit.

January 29, 2025

After recently seeing a lot of news in the borderland between crypto and classical finance, we at Kaupr have invited Torbjørn Bull Jenssen in K33 to a review of current and crypto-related topics that may have an impact on the future of finance, point by point. This is the video interview you should watch to update you on crypto trading, payments and savings. (The video interview is in Norwegian).

Risky to stand on the sidelines

“The most important thing that is happening now is that Bitcoin and cryptocurrency have become mainstream. And it's gone from being something that most financial institutions think of as risky to do, at least reputationally, to being something they see as risky NOT to do,” Bull Jenssen says in the interview. “That's exactly the shift we're seeing now”.

Bull Jenssen also says that K33 is in the process of onboarding the first Norwegian savings bank as a customer in K33, and that another Norwegian bank is in the process of setting up Bitcoin as part of a fund structure.

Crypto and TradFi - point by point

We recommend that you watch the entire interview in context, but have also prepared topics for you that you might be particularly interested in.

00:19 Introduction and welcome

00:45 The main changes

01:03 Institutional investors arrive

01:42 Cryptocurrency and Bitcoin have gone mainstream

02:02 Banks in Norway are coming

04:33 Change in the narrative and money to be made

06:18 We face a tipping point

08:35 What's the big turning point?

09:56 Meaning of MiCA?

10:56 What's going on in the US with Trump?

13:03 Are we now seeing a three-split in crypto?

14:02 Bitcoin is on its own journey

14:26 Memecoins are not cryptocurrency

15:23 DeFi and tokenization

17:30 Bitcoin and smart contracts?

18:55 Ethereum and Solana

19:32 Payments using crypto

20:51 Increased risk of a fragmented world

21:48 Norges Bank should buy Bitcoin

27:07 Crypto trading in the banking apps?

30:05 Are banks competitive?

32:58 Bitcoin, trading and payments

36:37 Reporting to the Tax Administration

39:41 The dream of freedom?

42:00 Banks with FOMO?

Also stay tuned to the online newspaper Kaupr.io and the Equity newsletter to stay up to date on the further evolution of the relationship between crypto and classical finance.