Latest / The Paul Barron Crypto Show / Evernorth XRP Treasury🚨Asheesh Birla INTERVIEW⚫XRP Las Vegas

Transcript

Evernorth XRP Treasury🚨Asheesh Birla INTERVIEW⚫XRP Las Vegas · The Paul Barron Crypto Show

• 0:00
  Speaker 1: First, a word from our sponsors. If you are in
• 0:02
  Speaker 1: the XRP community and you're not paying attention to RLUSD,
• 0:06
  Speaker 1: you need to be. Ripple just launched their regulated US
• 0:09
  Speaker 1: dollar stable coin. This is a one to one backed
• 0:12
  Speaker 1: and it runs natively on the XRP ledger. Okx is
• 0:17
  Speaker 1: the best place that you can trade this. More importantly,
• 0:20
  Speaker 1: okx has the RLUSD, a XRP trading pair that is
• 0:24
  Speaker 1: the one that this community has been waiting for, and
• 0:27
  Speaker 1: it is here. If you're brand new to OKX, they've
• 0:30
  Speaker 1: got a new member offer for you up to three
• 0:32
  Speaker 1: hundred bucks link down below terms to apply. Take a look.
• 0:38
  Speaker 2: All right, so welcome back in guys.
• 0:40
  Speaker 1: We are here live at the XRP Las Vegas event,
• 0:43
  Speaker 1: and of course we're going to be doing sessions like this,
• 0:46
  Speaker 1: getting some of the best minds that you have seen
• 0:49
  Speaker 1: on the show before, but now in live person with me.
• 0:52
  Speaker 1: And that is a sheish Berla coming in from Evernarth.
• 0:54
  Speaker 2: How are you man?
• 0:55
  Speaker 1: Good?
• 0:55
  Speaker 3: Thanks for having me back on, Paul and we were
• 0:58
  Speaker 3: just chatting how crazy is XRP Vegas. It is nutty,
• 1:03
  Speaker 3: It is lots of energy. I just heard a chant
• 1:06
  Speaker 3: for XRP in the background.
• 1:08
  Speaker 4: What do you think. I love it.
• 1:09
  Speaker 1: So the cool thing about this event that I think
• 1:11
  Speaker 1: a lot of people miss is it's backed by or
• 1:14
  Speaker 1: I should say, it comes up to the Bitcoin conference,
• 1:17
  Speaker 1: and not only do you get the XRP faithful, you
• 1:20
  Speaker 1: also get the curious of new investors coming into the ecosystem,
• 1:25
  Speaker 1: which gets me into ever North, and that is people
• 1:28
  Speaker 1: starting to learn about dats for the first time. When
• 1:31
  Speaker 1: you guys are talking to investors but also trying to
• 1:35
  Speaker 1: present what you guys are doing at ever North, what
• 1:38
  Speaker 1: do you feel like is the one message you're trying
• 1:40
  Speaker 1: to get across.
• 1:41
  Speaker 3: Yeah, we are an easy way to get exposure to XRP,
• 1:47
  Speaker 3: and we don't stop there. You get exposure on XRP,
• 1:50
  Speaker 3: and then we're an active digital asset treasury DATS or
• 1:52
  Speaker 3: digital asset treasuries. We put that XRP to work. You
• 1:57
  Speaker 3: know we are you know when we're closed, will be
• 2:00
  Speaker 3: and rating yield. So it's an active treasury management system.
• 2:04
  Speaker 3: And one more point on that too is you know
• 2:06
  Speaker 3: you can go after we are closed, you can go
• 2:10
  Speaker 3: onto any brokerage platform robinhood E trade and just buy
• 2:14
  Speaker 3: our stock ats XRPN post close we'll make an announcement
• 2:19
  Speaker 3: when we're closed. But it's it's that easy. You don't
• 2:22
  Speaker 3: have to open a wallet, right, You don't have to
• 2:24
  Speaker 3: do any of these things that you did before. You
• 2:26
  Speaker 3: just buy the stock and that's it. And that's ef
• 2:29
  Speaker 3: North in a nutshell.
• 2:30
  Speaker 4: And I think the.
• 2:31
  Speaker 1: Thing right now that we're seeing in the industry is
• 2:35
  Speaker 1: first a whole new crop of investors coming in.
• 2:38
  Speaker 2: Because you've got a bear market pretty much in place.
• 2:40
  Speaker 1: But you're also seeing the headwinds of what's happening in
• 2:45
  Speaker 1: the regulatory crime, which is making the front pages now
• 2:48
  Speaker 1: of CNN, you know, USA today, you name it. In
• 2:51
  Speaker 1: terms of media, CNBC is covering this quite a bit now.
• 2:55
  Speaker 4: The point is is that we're.
• 2:55
  Speaker 1: Getting a lot of people now getting exposure to crypto. Said,
• 2:59
  Speaker 1: maybe crypt though, is something I need to really put
• 3:02
  Speaker 1: into my portfolio and make this a bigger BIX. When
• 3:05
  Speaker 1: you look at that right now as opposed to when
• 3:08
  Speaker 1: you first got going with ever North, what do you
• 3:10
  Speaker 1: feel is the current market sentiment?
• 3:13
  Speaker 4: Yeah, I mean this is a strange market.
• 3:16
  Speaker 3: You've been in this, You've been following you know, crypto
• 3:19
  Speaker 3: for a long time, Paul, but we've been waiting for
• 3:21
  Speaker 3: this moment for so long, you know, adoption tokenization that
• 3:27
  Speaker 3: is there's shattering records, and so you've got adoption, uh,
• 3:32
  Speaker 3: you know taking off, you know, doubling in a.
• 3:36
  Speaker 4: Lot of cases and a lot of use cases.
• 3:38
  Speaker 3: But you know price is sort of you know, lagging behind,
• 3:42
  Speaker 3: and so you know, the market sentiment for a lot
• 3:44
  Speaker 3: of macro reasons, I think it's sort of muted. But
• 3:47
  Speaker 3: I'm excited about like the institutional adoption and all the
• 3:51
  Speaker 3: real world use cases that are moving to the blockchain
• 3:54
  Speaker 3: despite the market you know sentiment in terms of like
• 3:56
  Speaker 3: you know, buying you know, digital assets.
• 3:58
  Speaker 2: We've seen okay, so this is dutional adoption.
• 4:00
  Speaker 1: We've talked to some of the best guys out there,
• 4:02
  Speaker 1: bit Wise Canary. We had micro Strategy on just the
• 4:05
  Speaker 1: other day. When you look at what micro Strategy has
• 4:09
  Speaker 1: been doing with their alternative assets, which things like Stretch,
• 4:12
  Speaker 1: which is the big one right now, is there ever
• 4:15
  Speaker 1: going to be a possibility where something like that in
• 4:18
  Speaker 1: terms of a derivative starts to spin out of some
• 4:20
  Speaker 1: of these fun something like in ever North or others.
• 4:23
  Speaker 1: Do you think that maybe a product that we could
• 4:26
  Speaker 1: see in the future. What are new stuff that you
• 4:28
  Speaker 1: guys are going to bring.
• 4:29
  Speaker 3: Yeah, I mean, you know, the we are at this
• 4:33
  Speaker 3: intersection out there right now where we're so early on
• 4:38
  Speaker 3: twenty three billion dollars equities have been tokenized. It sounds
• 4:41
  Speaker 3: like a big number, but that market's in the trillion exactly,
• 4:43
  Speaker 3: and I think there's going to be in the potentially
• 4:46
  Speaker 3: a lot of different use cases for companies like ever,
• 4:49
  Speaker 3: North Strategy and others that are product builders no blockchain,
• 4:55
  Speaker 3: but then also no traditional finance, right and you know,
• 4:59
  Speaker 3: the the early innovators, the early adopters, there is an
• 5:03
  Speaker 3: ocean of opportunity out there to explore and to move into.
• 5:08
  Speaker 3: If you're smart, you have the right kind of risk
• 5:10
  Speaker 3: controls and you have the right kind of product and
• 5:13
  Speaker 3: operational experiment.
• 5:14
  Speaker 2: You guys are like the micro strategy for XRP.
• 5:17
  Speaker 1: If you think about it, you look at the growth
• 5:19
  Speaker 1: of whatever North has been able to do in a
• 5:21
  Speaker 1: short period of time is phenomena, and that kind of
• 5:25
  Speaker 1: growth starts to draw a lot of attention and also
• 5:28
  Speaker 1: puts a bullseye on your back because now you've got
• 5:30
  Speaker 1: a lot of competition when you look at the field
• 5:33
  Speaker 1: as it is right now, because there's a there's several
• 5:36
  Speaker 1: you know, digital asset treasuries out there in XRP. What
• 5:40
  Speaker 1: really draws you guys out as the leader?
• 5:43
  Speaker 4: That's a great question.
• 5:44
  Speaker 3: And so you know, before I took this role and
• 5:48
  Speaker 3: started ever North, I did look at the landscape and
• 5:52
  Speaker 3: I was surprised Bitcoin had seven Yeah, Solana had.
• 5:56
  Speaker 4: Eight eighth, I don't even know how many they had, but.
• 6:00
  Speaker 3: That it wasn't a breakaway success around XRP, right, And
• 6:05
  Speaker 3: I think that the ecosystem needs a company like ever
• 6:09
  Speaker 3: North to bring traditional capital on chain, bring traditional capital
• 6:15
  Speaker 3: in an easy to way, easy to you know, you know,
• 6:19
  Speaker 3: buy via like a stock. And there's a lot of
• 6:23
  Speaker 3: big institutions that are never going to hold crypto. But
• 6:26
  Speaker 3: I do believe that those institutions could get comfortable with
• 6:29
  Speaker 3: getting exposure via an equity like XRPLA.
• 6:32
  Speaker 1: Yeah, and which we're already seeing this in terms of
• 6:34
  Speaker 1: institutional growth. You look at institutional DeFi you guys in
• 6:39
  Speaker 1: reference to your treasury and how.
• 6:41
  Speaker 2: You guys manage it.
• 6:43
  Speaker 1: Give me a breakdown capital comes into ever North Obviously
• 6:49
  Speaker 1: you guys are in XRP. But do you see an
• 6:51
  Speaker 1: opportunity here with things like flair, things like Axel are
• 6:55
  Speaker 1: some of the players that are really starting to kind
• 6:58
  Speaker 1: of explore a lot of yield bearing products or XRP.
• 7:01
  Speaker 2: What does that look like Forever North in the fuld.
• 7:03
  Speaker 3: Yeah, So, you know, we're so excited about you know,
• 7:06
  Speaker 3: you know flair XLR and we're also excited about the
• 7:09
  Speaker 3: defive building being built directly into the XRP leisure.
• 7:13
  Speaker 4: I have a strong belief that Forever North to.
• 7:17
  Speaker 3: Be successful, for XRP to be successful, we need more
• 7:20
  Speaker 3: of these players building on chain.
• 7:22
  Speaker 4: Products for companies like ever North to use.
• 7:26
  Speaker 3: I'm more excited about like that future right, Like how
• 7:29
  Speaker 3: great I can not only give you know, yield to
• 7:33
  Speaker 3: that treasury, but I can build out.
• 7:35
  Speaker 4: The XRP DeFi ecosystem.
• 7:37
  Speaker 3: And that is exciting to me because you know, there
• 7:40
  Speaker 3: is a traditional way to journ yield on XRP, which
• 7:43
  Speaker 3: we are going to explore. But man, I'm excited about
• 7:47
  Speaker 3: all the things that you mentioned, you know, partnering and
• 7:50
  Speaker 3: building together on XRP directly that provides more ecosystem value
• 7:56
  Speaker 3: to XRP.
• 7:57
  Speaker 1: Well, I think obviously with clarity on the hopefully the
• 8:01
  Speaker 1: precipice of getting done, that's going to open up a
• 8:04
  Speaker 1: lot of opportunity, not only for traditional Wall Street, but
• 8:07
  Speaker 1: I think also for the innovators in blockchain, because now
• 8:10
  Speaker 1: we get a chance to build some instruments that have
• 8:13
  Speaker 1: not been legal the past. Now that's going to open
• 8:16
  Speaker 1: up great opportunities within the XRP ecosystem, but in the
• 8:19
  Speaker 1: broader blockchain system.
• 8:21
  Speaker 2: When you look at.
• 8:22
  Speaker 1: What lies ahead of crypto in general, specific to XRP
• 8:27
  Speaker 1: next two years, where would you say this market is
• 8:30
  Speaker 1: in terms of, you know, assets under management, you look
• 8:33
  Speaker 1: at growth and also the percentage of portfolio share that
• 8:37
  Speaker 1: we're seeing, because right now it's very low.
• 8:39
  Speaker 2: One percent maybe yeah.
• 8:41
  Speaker 3: I mean, you know, back when the Internet started, everyone
• 8:45
  Speaker 3: was talking about are you on the Internet?
• 8:47
  Speaker 4: Paul? Are you on the Internet?
• 8:48
  Speaker 3: And right now people are like talking about are you tokenized?
• 8:52
  Speaker 3: In two to years, I think people are just gonna
• 8:54
  Speaker 3: assume it's gonna be tokenized. And I do believe that
• 8:57
  Speaker 3: XRP is going to be a leader there. From day one,
• 9:01
  Speaker 3: the DNA of that entire ecosystem has been about financial
• 9:05
  Speaker 3: use cases. And you know, you walk around Vegas today
• 9:10
  Speaker 3: and you see XRP everywhere, and you walk around New
• 9:13
  Speaker 3: York City. You know, the financial capital of the world
• 9:16
  Speaker 3: and you ask him about Yeah, it's a ripple everywhere,
• 9:19
  Speaker 3: and so you know, I'm I think that we are
• 9:22
  Speaker 3: so early on Paul in terms of that tokenization front.
• 9:25
  Speaker 3: But you know, you you look at JP Morgan's you
• 9:28
  Speaker 3: know statements, you look at Black Rock, you look at
• 9:31
  Speaker 3: Franklin Templeton. It is in a matter of we are
• 9:34
  Speaker 3: doing pilots.
• 9:35
  Speaker 4: Yeah, it is.
• 9:36
  Speaker 3: We are going in and we are you know, starting
• 9:39
  Speaker 3: in entire divisions around this, which I think for.
• 9:42
  Speaker 2: A lot of the viewers and a lot of listeners.
• 9:44
  Speaker 2: I've had several people.
• 9:45
  Speaker 1: Come up to me today and say, listen, we feel
• 9:50
  Speaker 1: finally that this industry.
• 9:52
  Speaker 2: Is getting its due.
• 9:53
  Speaker 1: Yes, and regardless of what happens in Capitol Hill, the
• 9:57
  Speaker 1: SEC is is friendly. We're already seeing this FTC start
• 10:00
  Speaker 1: to make some inroads on new products. The likelihood of
• 10:04
  Speaker 1: this really starting to accelerate regardless of regulation, I think
• 10:08
  Speaker 1: is becoming a reality.
• 10:10
  Speaker 2: That's equating to investors saying I'm ready.
• 10:13
  Speaker 1: What do you think in the future, what a future
• 10:16
  Speaker 1: portfolio mix would look like in terms of digital assets
• 10:20
  Speaker 1: that could be a mix of ever North and a
• 10:21
  Speaker 1: handful of other things. Do you think we'll ever see
• 10:23
  Speaker 1: a ten percent share of a portfolio.
• 10:26
  Speaker 3: Yeah, I mean, listen, I think there's two ways to
• 10:28
  Speaker 3: answer it. I think that more and more people are
• 10:31
  Speaker 3: going to want to hold you know, crypto directly and
• 10:34
  Speaker 3: get exposure here and again, companies like ever North we
• 10:37
  Speaker 3: make that super easy. So I think we're gonna lower
• 10:39
  Speaker 3: the you know, barriers to entry. Think about how many
• 10:42
  Speaker 3: steps you need to do and then you have to
• 10:44
  Speaker 3: worry about it is my crypto gonna be stolen or whatever.
• 10:46
  Speaker 3: So I think companies like ever North they're gonna.
• 10:48
  Speaker 4: Lower that barrier to entry.
• 10:50
  Speaker 3: But Paul, I think what's also interesting is that these
• 10:53
  Speaker 3: early adopters are also just gonna hold tokenized equities. You know,
• 10:58
  Speaker 3: they're gonna hold tokenized gold. And you got to think
• 11:01
  Speaker 3: about it as you know, even branching beyond the digital assets,
• 11:05
  Speaker 3: and I think that is all a creative to uh,
• 11:08
  Speaker 3: you know, to the digital underlying digital asset. I like it,
• 11:11
  Speaker 3: and so I'm excited about, you know, not only you know,
• 11:14
  Speaker 3: more and more folks coming in.
• 11:16
  Speaker 4: By the way, like such. So few people.
• 11:20
  Speaker 3: Own digital assets today in America, and we're definitely a
• 11:23
  Speaker 3: leader out there, for sure. It's very different in Korea
• 11:25
  Speaker 3: in Japan. So I think we have a long way
• 11:27
  Speaker 3: to go here.
• 11:28
  Speaker 1: Okay, So for some of our audience, they don't realize
• 11:31
  Speaker 1: how big the Asian market really is when it comes
• 11:34
  Speaker 1: to digital assets. This is a transformation for them.
• 11:37
  Speaker 2: I was talking to.
• 11:39
  Speaker 1: A group in Korea and we started getting into the
• 11:42
  Speaker 1: layer of how many digital assets they hold it.
• 11:45
  Speaker 2: The percentage of portfolios.
• 11:46
  Speaker 1: Is dramatic, dramatic, So how can that translate here to
• 11:50
  Speaker 1: the US.
• 11:51
  Speaker 3: Yeah, I mean I think it's uh, you know, in
• 11:53
  Speaker 3: early on in in Korea and in Japan, you had
• 11:56
  Speaker 3: a lot of early people out there educating and getting
• 12:00
  Speaker 3: comfortable and and I think the same thing, like this
• 12:03
  Speaker 3: conference is a great example.
• 12:05
  Speaker 4: Your podcast is a great example of.
• 12:07
  Speaker 3: The good work that we need to do to get
• 12:09
  Speaker 3: the word out there. But then you know what, some
• 12:12
  Speaker 3: of the magic's happening on its own. You turn on CNBC.
• 12:15
  Speaker 3: How many segments do they run today?
• 12:17
  Speaker 4: It's on blockchain. No, it's my I think my thirteenth
• 12:21
  Speaker 4: year in blockchain. Man.
• 12:22
  Speaker 3: I was waiting for the moment that they would be
• 12:24
  Speaker 3: talking about the positive things about Black on the ticker.
• 12:27
  Speaker 4: It's on the ticker.
• 12:29
  Speaker 3: I remember we dreamt about like one day XRP is
• 12:31
  Speaker 3: gonna be on the ticker, and here we are.
• 12:34
  Speaker 4: It's gonna be. It's already here.
• 12:35
  Speaker 1: All right, guys, we're gonna wrap this one with a
• 12:38
  Speaker 1: Shesh burla. They can of course find more about ever North.
• 12:41
  Speaker 1: We'll leave some links down in the show notes and Shesh,
• 12:44
  Speaker 1: thanks for coming in today.
• 12:45
  Speaker 4: Always a pleasure. Thank you, you bet.
• 12:49
  Speaker 5: If you like this video, like and subscribe, drop a
• 12:56
  Speaker 5: comment down below, and also join our free private member group.
• 13:00
  Speaker 5: The link is in the description