Agents Propose, Humans Approve: Ledger's Kasper Luyckx on Custody After Coldcard

Agents Propose, Humans Approve: Ledger's Kasper Luyckx on Custody After Coldcard

Author: Alexander Bechtel, Michael Blaschke, Jonas Gross, Manuel Klein August 16, 2026 Duration: 47:16
Every crypto holder relies on one thing and rarely thinks about it until it fails: how the keys are kept safe. Just days after the Coldcard hack drained over $100 million from users who appeared to do everything right, Ledger's Head of EMEA Kasper Luyckx joins Stefan to explain what really keeps digital assets safe, from hardware signers to bank-grade HSMs. Kasper, who has seen custody from both sides after years at UBS and Crypto Finance, walks through what actually went wrong at Coldcard (a seed generated in software instead of the secure chip, with far too little randomness), why it was an isolated firmware failure rather than an indictment of self-custody, and how Ledger's in-house attack lab, the Donjon, works. From there the conversation opens up: the real gap between retail and institutional custody, where multisig, MPC and HSMs fit, and the big shift from simply storing crypto to on-chain payments and tokenized securities. They also dig into AI on both sides of security, including Ledger's new Agent Stack, where AI agents can propose transactions but a human still approves each one on the device. The throughline: as AI makes vulnerabilities cheaper to find, keeping a human in the loop matters more than ever, and most people will end up holding value in a hybrid of self-custody and trusted custodians. Enjoy the episode.

Was passiert, wenn die Welt des Geldes auf digitale Revolution trifft? Bitcoin, Fiat & Rock'n'Roll geht dieser Frage nach, ohne sich in trockenen Fachvorträgen zu verlieren. Alexander Bechtel, Michael Blaschke, Jonas Gross und Manuel Klein unterhalten sich über die konkreten Auswirkungen von Bitcoin, Stablecoins und digitalen Zentralbankwährungen auf Wirtschaft und Alltag. Der Podcast taucht nicht nur in die Technik ein, sondern beleuchtet, was diese Neuerungen für Unternehmen, Anleger und jeden Einzelnen bedeuten. Es geht um die praktischen Seiten der neuen Geldwelt-von regulatorischen Hürden bis zu unerwarteten Chancen. Die Gespräche bleiben dabei immer greifbar und verständlich, auch wenn die Themen komplex sind. Wer wissen will, wie digitale Währungen unsere Zukunft prägen, ohne dabei mit Fachjargon erschlagen zu werden, ist hier genau richtig. In jeder Folge wird deutlich, dass diese Entwicklung längst im Gange ist und es sich lohnt, sie von Grund auf zu verstehen. Ein Gesprächsformat für alle, die hinter die Kulissen des finanziellen Wandels blicken möchten.
Author: Language: German Episodes: 50

Bitcoin, Fiat & Rock'n'Roll
Podcast Episodes
How stablecoins can become the backbone of our financial system [not-audio_url] [/not-audio_url]

Duration: 41:51
Stablecoins are moving from crypto hype to payment backbone. Geetha Panchapakesan (ex- PayPal, -Visa, -Moneygram, -Circle) explains why banks, payment service providers, and regulators now see them as the future rail for…
Digital Money: One World, Three Strategies | Monthly Briefing [not-audio_url] [/not-audio_url]

Duration: 1:03:37
January marked a turning point for tokenization platforms, with three major launches in a single week. At the same time, the industry pushed back against the Clarity Act, while global CBDC strategies diverge further.
Running Stablecoins at Scale - with Max von Wallenberg from MoonPay [not-audio_url] [/not-audio_url]

Duration: 51:19
In this episode of BFRR, Stefan Grasmann speaks with Max von Wallenberg (IRON by MoonPay) about what it really takes to run stablecoins at scale — from hidden banking infrastructure and operational complexity to where po…
Industry Expert Outlooks for 2026 with Blockstories [not-audio_url] [/not-audio_url]

Duration: 58:47
We discuss the Blockstories report, which presents 25 expert outlooks for 2026, offering insights into tokenization, digital money, and infrastructure from prominent representatives across the digital asset sector.
Our 2026 Predictions: A Year for Building [not-audio_url] [/not-audio_url]

Duration: 1:07:11
Will stablecoins face bans, or reshape EU digital sovereignty? Plus: $50B+ ETF flows and Bitcoin at $180k?! The BFRR team delivers bold, measurable predictions for 2026.
EU Goes All-In, Stablecoins Scale, Equities Tokenize | News [not-audio_url] [/not-audio_url]

Duration: 1:00:53
Banks issue stablecoins, JP Morgan chooses Solana, tokenized stocks enter DeFi, Europe removes DLT caps—December 2025 closed the year institutional blockchain crossed from experimentation to scale.
Our 2025 Recap: What We Did (Not) See Coming [not-audio_url] [/not-audio_url]

Duration: 1:10:50
We are revisiting the major developments of the year 2025 and evaluate our predictions for the year. Tune in for a recap and find out who had the best predictions for 2025.
Selling Picks and Shovels in the Stablecoin Gold Rush [not-audio_url] [/not-audio_url]

Duration: 57:00
Marcus Mølleskov, CRCO at Januar, reveals how his dual-licensed fintech provides banking infrastructure to crypto SMEs rejected by traditional banks across Europe.