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CLARITY Imminent?🔥TradFi & Banks PANIC! · The Paul Barron Crypto Show

0:00
Speaker 1: Clarity, is it emminent today is starting to affect the markets.
0:03
Speaker 1: We'll break it all down for you. Don't want to
0:04
Speaker 1: miss it. I do want to thank our sponsor, and
0:06
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0:08
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0:27
Speaker 1: of course you guys get a up to a one
0:29
Speaker 1: hundred dollars funny reward just by starting it by using
0:32
Speaker 1: our link. So just get going on that and get
0:35
Speaker 1: out there and take benefit of this. One of the
0:37
Speaker 1: things that we're watching right now, of course, is the
0:39
Speaker 1: deadline for Clarity, which is in twenty two days. We
0:42
Speaker 1: believe that is the end of the rope for Clarity,
0:46
Speaker 1: and I think it might be showing up right now.
0:49
Speaker 1: I've got a clip for you, and this clip goes
0:52
Speaker 1: into a little bit of where Kevin Warsh is first
0:55
Speaker 1: of all, because this is affecting the rest of the
0:57
Speaker 1: market and how this may play in to FED skinny accounts.
1:02
Speaker 1: Take a look.
1:03
Speaker 2: We're the only major country in the world that restricts
1:07
Speaker 2: access to the payment system to the consumer facing banks.
1:12
Speaker 2: So I'm curious about what your thoughts are about the proposal,
1:16
Speaker 2: how it's going when you expect the rule to be finalized.
1:21
Speaker 3: Skin of your master account proposals out for comment. It
1:25
Speaker 3: was sent out before I arrived, but I'm keenly interested
1:27
Speaker 3: in what the comments are. If I were to draw
1:30
Speaker 3: a hard distinction, this is a public good, and it's
1:33
Speaker 3: a public good that should be used by intermediaries, I
1:36
Speaker 3: don't want the public good to be used by consumers.
1:39
Speaker 2: So it's out for comment. Now do you anticipate finalizing
1:45
Speaker 2: sometime this year?
1:47
Speaker 3: I owe you a better answer on the timeline from here,
1:49
Speaker 3: and I pledge to give it to you.
1:51
Speaker 2: Thank you.
1:52
Speaker 1: Coming off that clip, you can kind of see I
1:54
Speaker 1: think there's some frustration. I was surprised that the Senator
1:58
Speaker 1: was a little bit easier on Kevin Watsh, because I
2:00
Speaker 1: think the point is is this needs to get done.
2:03
Speaker 1: Why would you not go ahead and get all of
2:05
Speaker 1: this done? This has been out for over a year.
2:08
Speaker 1: These are the kind of problems that we see, of
2:10
Speaker 1: course with the FED, and it's really what I think
2:12
Speaker 1: starts to affect the market in general when you look
2:16
Speaker 1: at the banking side of this, because there's always going
2:18
Speaker 1: to be pushback coming in from the banking industries. You've
2:20
Speaker 1: got the ABA ICBA now joining state associations, seventy six
2:25
Speaker 1: different state associations are representing thousands of these different institutions
2:30
Speaker 1: that are pressing against the Clarity Act and some of
2:33
Speaker 1: the things they're pushing against. Guys, I want to read
2:35
Speaker 1: this one for you. This would be removing this provision
2:38
Speaker 1: aligns with our shared objective objective to not incentivize the
2:43
Speaker 1: idle holding of payment stable coins for extended periods of
2:47
Speaker 1: time that's coming directly from the associations. Retaining this would
2:52
Speaker 1: negate the goals of the upfront prohibition to tether deposit
2:56
Speaker 1: flight while tying rewards directly to how much and for
2:58
Speaker 1: how long customers hold payments coins. Basically, what they're saying
3:01
Speaker 1: is they don't even want you using stable coins or
3:04
Speaker 1: holding them, because if you're holding them, you're not holding
3:07
Speaker 1: their dollar that they can go, of course, on a
3:11
Speaker 1: fractional reserve finance model and go out and lend it
3:13
Speaker 1: ten times. That's the problem that the banks are really
3:16
Speaker 1: dealing with right now. Patrick Witt kind of addressed it
3:19
Speaker 1: right here. This was in reference to that, Hey, listen,
3:21
Speaker 1: we've answered this, We've asked it, give it a rests,
3:23
Speaker 1: And this has been addressed so many times that the banks,
3:27
Speaker 1: I listen, they just don't want it because they understand
3:30
Speaker 1: this is going to start hurting their earnings. And have
3:33
Speaker 1: you watched the earnings calls that have happened this week
3:37
Speaker 1: for most of the major banks. It is insane how
3:40
Speaker 1: much money these companies are earning. Top White House crypto
3:44
Speaker 1: advisor now is taking military leave, and that, of course,
3:47
Speaker 1: is Patrick Witt stepping down. Interesting timing here, guys. I'm
3:50
Speaker 1: just going to say this. I think that the President
3:53
Speaker 1: or someone in the administration could probably get the Georgia
3:57
Speaker 1: National Guard to let him off for a couple of
4:00
Speaker 1: months to try to get this Clarity Act through, getting
4:04
Speaker 1: this done. I just don't understand why he's stepping down
4:06
Speaker 1: right now. We won't have a voice essentially that's representing
4:10
Speaker 1: the industry other than the industry itself. Senator Warren and
4:14
Speaker 1: came back in and is urging Senate leaders to now
4:16
Speaker 1: add ethics rules to Clarity. Of course, this would bar
4:20
Speaker 1: officials and their families from profiting crypto. This is the
4:23
Speaker 1: big one that everybody's asking for. That, of course, is
4:26
Speaker 1: an issue that will be very challenging to this administration.
4:29
Speaker 1: But right now you've got a meeting happening on Thursday,
4:32
Speaker 1: and this is going to try to resolve these Clarity
4:34
Speaker 1: Act provisions that are being presented. But it's the biggest
4:38
Speaker 1: remaining hurdle for the Crypto Bill. I totally agree with
4:40
Speaker 1: that if this had some sort of deal that was done,
4:45
Speaker 1: that would be the holy grail for the Clarity Act
4:48
Speaker 1: of being able to go through. I just don't think
4:49
Speaker 1: that the administration is going to concede too much. And
4:54
Speaker 1: talking about concession, you've got this year. Right now, we
4:58
Speaker 1: are one year in of the Clarity Act being dangled
5:01
Speaker 1: out there in front of us, and it is like
5:03
Speaker 1: a carrot because this is an issue that we've been
5:06
Speaker 1: fighting for a long time. It's supposed to be done
5:07
Speaker 1: last year August. Here we are moving into August of
5:11
Speaker 1: this year not done, and of course Congress, I agree,
5:15
Speaker 1: has failed.
5:15
Speaker 2: This.
5:16
Speaker 1: Let me go over to a clip here from Patrick
5:18
Speaker 1: mc henry. McHenry, This does not make me feel good, guys.
5:22
Speaker 1: I'm just going to give you a trigger warning right now.
5:24
Speaker 1: Take a look.
5:26
Speaker 4: The Senate is working through its process. You already see
5:29
Speaker 4: a signaling from Leader soon that they're going to put
5:31
Speaker 4: that on the Senate floor. They're going to try and
5:34
Speaker 4: trying may actually just dislodge this. This is what happened
5:37
Speaker 4: with the sable coin bill at the beginning of the Congress.
5:40
Speaker 4: They tried this, They had a Senate floor vote, it failed,
5:43
Speaker 4: that then got negotiations going.
5:45
Speaker 1: I go, all right, So what he's referencing there, it
5:48
Speaker 1: was the Genius Act and it was kind of the
5:50
Speaker 1: same thing and when it went had a problem. Same
5:53
Speaker 1: situation is here, But the problem is we don't have time.
5:56
Speaker 1: This is now running up against a brick wall because
5:59
Speaker 1: of the issue that's going to have to end up
6:00
Speaker 1: maybe on the other side of them interms. That is
6:03
Speaker 1: a major concern. So trying might be just say, you know,
6:07
Speaker 1: getting them into a position saying hey, don't worry about it, guys.
6:10
Speaker 1: We tried to get this done and it just didn't
6:12
Speaker 1: get through. That is a big problem that I think
6:15
Speaker 1: a lot of these lawmakers continued to throw us under
6:18
Speaker 1: the bus. On another one that happened here recently was
6:21
Speaker 1: this right here, which was the NDAA advancing now with
6:26
Speaker 1: this new section twelve seventeen, this basically is allowing a
6:29
Speaker 1: pack you guys understand that to merge very critical elements
6:34
Speaker 1: of the US military and the Israeli military. I don't
6:38
Speaker 1: understand how this is going to fly overall. There's also
6:42
Speaker 1: some very weird things happening here. This is the US
6:44
Speaker 1: Senate Democrats who came out against the Clarity Act, calling
6:47
Speaker 1: it a corrupt built. Now, I just want you to
6:49
Speaker 1: look at that picture for a moment. The printed signs. Really,
6:54
Speaker 1: I mean, come on, guys and look at these people.
6:56
Speaker 1: They are just so did they not get the check yet?
7:00
Speaker 1: Is that what the deal is? I just don't understand,
7:02
Speaker 1: point being this is fake. So I wonder what is
7:07
Speaker 1: going on in DC? Is it all just theater playing around?
7:11
Speaker 1: What's happening with Clarity Act? You have, well, speak of theater.
7:14
Speaker 1: You've got Ben McKenzie out there on Capitol Hill lobbying
7:17
Speaker 1: senators to vote against the Clarity Act. Speaking of good
7:20
Speaker 1: actors out there, there's one right there. And that is
7:24
Speaker 1: the case. Right now, we are dealing with more theater
7:26
Speaker 1: than reality, and really if you think about it, this
7:30
Speaker 1: is very impactful I think only Americans, but a lot
7:33
Speaker 1: of the ability for the US to take a pole
7:36
Speaker 1: position in crypto in general. Another news item that is
7:41
Speaker 1: important to the banks, which is really where Clarity is
7:44
Speaker 1: going and also where crypto eventually will be going. You've
7:47
Speaker 1: got PayPal up nineteen percent. This is just on the
7:50
Speaker 1: rumor that Stripe and private equity firm A International is
7:54
Speaker 1: offering a buyout on this company. So likelihood the bid
7:58
Speaker 1: is up to fifty billion right now. Now they have
8:01
Speaker 1: committed bank financings. That means the deal's probably close to done.
8:04
Speaker 1: But one problem, they've got to get it through the
8:07
Speaker 1: US government in terms of anti trust, So that'll be
8:10
Speaker 1: a question right there. If it does actually get through,
8:14
Speaker 1: that would put a lot of pressure on the banks.
8:16
Speaker 1: The probability will Stripe require any part of now that
8:20
Speaker 1: could be a possibility they could buy into it. Of
8:23
Speaker 1: PayPal in twenty six there is a big jump right there, guys,
8:27
Speaker 1: right there to seventy eight percent from what was down
8:29
Speaker 1: here at twenty percent. Somebody is going to be making
8:31
Speaker 1: a little bit of profit there on that poly market.
8:35
Speaker 1: Just to give an example of what JP Morgan others
8:38
Speaker 1: are concerned about. This is Jamie Diamond, and he was
8:41
Speaker 1: in reference. This is during the earnings call, and they
8:45
Speaker 1: were talking about the issue of competition essentially, and he says, hey,
8:49
Speaker 1: you got Stripe, PayPal, cash app, block Chime, so fine.
8:52
Speaker 1: He understands they're all competing and it's only going to
8:57
Speaker 1: get more and more competitive in this market. I can
9:00
Speaker 1: see why the banks continue to push at the issue
9:04
Speaker 1: of clarity because this is going to of course free
9:06
Speaker 1: up blockchain for a next generation pressure on many of
9:11
Speaker 1: these banks. I want to go to a clip here
9:12
Speaker 1: from Bernie Moreno because he talks about this very issue.
9:15
Speaker 5: Take a look what's happened to deposits in American banks
9:20
Speaker 5: since last August? Have they gotten up, stayed the same,
9:22
Speaker 5: or gone down?
9:23
Speaker 3: Deposits held in banks is moving positively over that period.
9:27
Speaker 5: Well, we've had testimony anecdotally from the bank CEOs saying
9:32
Speaker 5: that stable coins were going to drop deposits in banks,
9:36
Speaker 5: and I just want to point out for the record
9:38
Speaker 5: that the exact opposite has happened. So as they say
9:42
Speaker 5: that was a bunch of blankety blank argument.
9:45
Speaker 1: Okay, there is a good example of the banks claiming
9:49
Speaker 1: that this is going to happen. I think eventually you're
9:52
Speaker 1: probably going to see this flight of capital, not because
9:55
Speaker 1: of crypto. It's just going to because of bad banking practices.
10:00
Speaker 1: Just may be one of those things, but it is
10:02
Speaker 1: not the genesis of where this is going to happen.
10:06
Speaker 1: Scott says something right here, and he's talking about JP
10:09
Speaker 1: Morgan says hyper Liquid's new deal with Circle and Coinbase
10:13
Speaker 1: could weaken the USDC revenue. So this is kind of
10:16
Speaker 1: a fud statement coming out of JP Morgan. And if
10:20
Speaker 1: you look at what they're trying to do, it is
10:22
Speaker 1: actually getting some activity right now because now you've got
10:25
Speaker 1: some downgrades to Circle basically underperforming its price target around
10:30
Speaker 1: to fifty bucks. So that's a problem if we continue
10:33
Speaker 1: to see fud going in because remember Circle is definitely
10:35
Speaker 1: put some pressure on here. Of course Kathy would, she's
10:38
Speaker 1: not buying it. She's not a chance. I'm still going
10:42
Speaker 1: all in. Kathy's are invested on another two hundred and
10:45
Speaker 1: twenty thousand shares of Circle, so extending its July purchase
10:49
Speaker 1: despite the stock's recent self So she knows something. I
10:52
Speaker 1: think she understands the future of where this is heading.
10:56
Speaker 1: One thing we warned you guys about not too long ago.
11:00
Speaker 1: Was this right here, and that is the spacexipo. It's
11:03
Speaker 1: it's post ipo low of one thirty five fifty two.
11:07
Speaker 1: This is exactly what we talked about in this video
11:10
Speaker 1: right here, guys, was watch out. This would not end
11:15
Speaker 1: well if you were in it. Now the spacexipo below
11:19
Speaker 1: what it's offering at. So it's any of these IPOs
11:23
Speaker 1: that are overhyped. Most likely it's gonna happen with OpenAI,
11:26
Speaker 1: maybe Anthropic and others out there. But the key is
11:29
Speaker 1: is this one was so overprescribed and also subscribed and
11:33
Speaker 1: also overhyped to the point to where we're seeing the
11:36
Speaker 1: market right now. Just look at the chart. This is
11:39
Speaker 1: it right here. It just popped up there to that
11:41
Speaker 1: one wick of two twenty five. Somebody, probably some insiders
11:43
Speaker 1: right there, got some juice and here it has fallen
11:47
Speaker 1: right there. Let's pray that nobody was buying on this
11:50
Speaker 1: day right here at two hundred bucks and has pulled
11:53
Speaker 1: back thirty two percent right now, just in the last
11:57
Speaker 1: couple of weeks. So hopefully you guys were not in that.
12:00
Speaker 1: A little bit of not advice, but maybe some research
12:04
Speaker 1: points from us and got you going on the right
12:06
Speaker 1: direction with SpaceX. Listen, let's go over to this topic,
12:09
Speaker 1: which is the AI era, and it starts to present
12:14
Speaker 1: a very intriguing issue that has occurred with IBM. IBM
12:19
Speaker 1: right there on June second was up thirteen percent for
12:22
Speaker 1: the year, trading highest level on record. Then they go
12:25
Speaker 1: out and report just forty two days later they basically
12:28
Speaker 1: didn't have an AI plan. IBM fell twenty five percent,
12:32
Speaker 1: is biggest daily decline since nineteen sixty eight. I didn't
12:36
Speaker 1: know the company was around that long, but that's when
12:38
Speaker 1: they had that last one. Stock is now down thirty
12:42
Speaker 1: five percent in forty two days. That's erasing one hundred
12:45
Speaker 1: billion dollars in market cap, So it's trumps. I think
12:49
Speaker 1: this is spot on. If you are a company, no
12:52
Speaker 1: matter who, if you're not preparing in some way to
12:56
Speaker 1: at least give your investors some sort of narrative on AI,
13:00
Speaker 1: this is the issue that you're going to face right now.
13:03
Speaker 1: I want to go to a clip that kind of
13:05
Speaker 1: explains how IBM got in this predicament. Take a look.
13:09
Speaker 6: Management openly admits that it didn't respond quickly enough and
13:12
Speaker 6: several larger deals slipped through that to me, should be
13:15
Speaker 6: treated more as execution failure on IBM's front. And that's
13:20
Speaker 6: essentially why the market punishes stock so much, because it
13:22
Speaker 6: kind of rerated recently on expectations for stronger growth as
13:26
Speaker 6: well as an improving AI exposure tailwind for the company.
13:30
Speaker 6: But that was clearly not the case with this kind
13:32
Speaker 6: of preliminary results.
13:34
Speaker 1: So you can see the point being is that you're
13:36
Speaker 1: a tech company, you've got to be able to do this,
13:39
Speaker 1: You've got to be able to integrate AI, and you've
13:41
Speaker 1: got to give your investors some kind of at least runway.
13:45
Speaker 1: In many cases, you could probably give them some blue
13:47
Speaker 1: sky runway. But the point is is you've got to
13:50
Speaker 1: give them something that you're in the planning and works for.
13:53
Speaker 1: And I think that's what's going to be facing the
13:55
Speaker 1: financial sectors very soon when it's related to crypto. If
14:00
Speaker 1: you're not integrated in crypto some way, you're going to
14:03
Speaker 1: get punished for it in the market. Here is a
14:06
Speaker 1: clip of CZ saying that very same thing.
14:09
Speaker 7: Take a look to the point where many there's many
14:12
Speaker 7: public listed company crypto companies in America. The American public
14:17
Speaker 7: is heavily invested in crypto. I think most American politicians
14:20
Speaker 7: care about voters, so anybody who's anti crypto now will
14:23
Speaker 7: probably lose quite a lot of votes. Even if America
14:26
Speaker 7: flip flops to anti crypto government again, I think the
14:29
Speaker 7: rest of the world will probably have adopted, will have
14:32
Speaker 7: progressed quite a bit. And crypto is a decentralized technology.
14:37
Speaker 7: It's a blockchains running twenty four seven. Big Poin's not
14:39
Speaker 7: going to stop. There will be some negative impacts when
14:42
Speaker 7: it's global superpower have negative policies or negative stance towards crypto,
14:47
Speaker 7: but the industry would have developed quite significantly, so it
14:49
Speaker 7: would be very hard to really back. Like, look, if
14:52
Speaker 7: you're anti AI, it's just not going to have the
14:55
Speaker 7: AI industry, But the AI industry is going to develop
14:57
Speaker 7: in the rest of the world. Once a technology, what's
15:00
Speaker 7: the genius out of the battle? What's the technology? Is
15:02
Speaker 7: like spread out?
15:03
Speaker 1: You can't delete it all, right, So from that clip,
15:07
Speaker 1: it's kind of interesting here because you've got a couple
15:09
Speaker 1: of things you've got to look at. One is the
15:11
Speaker 1: US falling behind. Two is the rest of the world
15:15
Speaker 1: stage advancing in what is maybe the most technological important
15:20
Speaker 1: advancement in finance that the world has ever seen, and
15:25
Speaker 1: I would agree with him, but you have American politicians
15:27
Speaker 1: that of course, whether they think they're trying to get
15:30
Speaker 1: votes or not, I think it really boils down to
15:32
Speaker 1: where's the money coming from. Unfortunately that's the case. Finance
15:36
Speaker 1: is also eyeing a super app. They're going to go
15:38
Speaker 1: beyond crypto trading, and I think this is the point
15:41
Speaker 1: finance is trying to become something bigger. Now, remember finance
15:45
Speaker 1: was not involved in the MECA advancement. I'm wondering if
15:51
Speaker 1: they are trying to prep for maybe another run at
15:54
Speaker 1: the US and Europe in a different way. So we'll
15:58
Speaker 1: see how this goes with them, because they are starting
16:01
Speaker 1: to push in some other areas. Here's another thing that's happening,
16:05
Speaker 1: and that is robin Hood chain continues to be uh
16:08
Speaker 1: stellar and that means they are now live on MetaMask,
16:11
Speaker 1: so you can swap do a lot of things over there,
16:14
Speaker 1: and this of course only positions robin Hood as a
16:18
Speaker 1: much stronger play for this next generation of investor. And
16:22
Speaker 1: this is something that I think the banks and traditional
16:25
Speaker 1: finance are deathly afraid of, is that the next generation
16:29
Speaker 1: investor is going to be doing things completely different. This
16:32
Speaker 1: is a good example of it with this partnership there.
16:35
Speaker 1: Goldman Sachs raised the Hood to pay off on that
16:38
Speaker 1: Goldba Sacks raised the Hood probably started from one thirty
16:41
Speaker 1: seven two point thirty seven from one to twenty one,
16:43
Speaker 1: and that's probably low on this. If you look back
16:47
Speaker 1: at the charts on Hood, this thing actually hit what
16:50
Speaker 1: was that to one hundred and fifty one back here
16:52
Speaker 1: in October of twenty twenty five, right there, one point
16:56
Speaker 1: fifty one. It's edging out right now one fifteen. There's
17:01
Speaker 1: the one thirty seven bump right there, which from where
17:05
Speaker 1: it's trading at today, Let's take a look and see
17:08
Speaker 1: what that would give us on going up to one
17:11
Speaker 1: thirty seven right there, one thirty seven is still up
17:13
Speaker 1: another twenty percent based on the current target. So if
17:16
Speaker 1: Robinhood continues to accelerate and win the financial war on
17:21
Speaker 1: Wall Street for next generation investors, okay, maybe this or
17:25
Speaker 1: they may could go supercycle on this as well. So
17:28
Speaker 1: there's a lot of opportunity with that one. This was
17:31
Speaker 1: a new one right here, and this is coming in
17:34
Speaker 1: from virtuals. Basically, it's if you wanted to get access
17:36
Speaker 1: to some of these you know, more edgy tokens on Robinhood,
17:40
Speaker 1: but you weren't necessarily wanting to camp at all. In
17:42
Speaker 1: one Anyone now is going to be able to compose
17:45
Speaker 1: their own index from tokenized assets on robin Hood chain.
17:48
Speaker 1: That's a big deal because it's going to give you
17:50
Speaker 1: a lot more flexibility. I think this may end up
17:52
Speaker 1: being used and it's going to be used by agents.
17:55
Speaker 1: So imagine agents starting to trade on this, which is
17:58
Speaker 1: going to happen. Guys, we are in the earth early
18:00
Speaker 1: early innings. We may be in the preseason for this,
18:03
Speaker 1: but the point being, we're going to see a lot
18:05
Speaker 1: of agentic protocols really starting to move this direction. Here
18:09
Speaker 1: was Galaxy doing something similarly, and that is for the
18:12
Speaker 1: first time now institutions can access single, continuously rebalanced rates
18:17
Speaker 1: across ave Morpho and Spark. I just want to kind
18:21
Speaker 1: of step up back a minute. That's Galaxy Digital talking
18:25
Speaker 1: about vaults, ave Morpho and Spark. We are in some
18:30
Speaker 1: interesting times and it's only going to get better because
18:33
Speaker 1: I think this market is going to be exploding as
18:36
Speaker 1: we start to continue the breakout where Bitcoin's trading. As
18:39
Speaker 1: we are recording right now at sixty five K so
18:42
Speaker 1: nice new one. All right, let's go over to some
18:44
Speaker 1: XRP topics because I thought this was extremely interesting. The
18:48
Speaker 1: DTC has launched something that is insane and that is
18:52
Speaker 1: a haircut on XRP, especially in these microcapstocks. This would
18:57
Speaker 1: be charged at thirty five percent for XRP because of
19:01
Speaker 1: the risk level that the DTCC says. So they went
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Speaker 1: out and did a whole promotion. I guess it was
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Speaker 1: a to me, this is a publicity stunt. Look at
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Speaker 1: what they have to say here. Take a look.
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Speaker 8: Today marks a major milestone for global financial markets. We're
19:20
Speaker 8: moving from talking points to proof points.
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Speaker 9: We will demonstrate that the old and the new can
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Speaker 9: lift together hopefully build the foundation that will lead to
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Speaker 9: a scalable launch come October.
19:34
Speaker 8: Thanks to Adine.
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Speaker 1: Now let's hear from Brian.
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Speaker 3: We're really excited for today's events and what it means
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Speaker 3: for the future of finance.
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Speaker 8: Thanks Brian. We encourage you to follow along on DTCC
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Speaker 8: dot com for updates as the event unfolds. By the
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Speaker 8: time this event concludes, tokenization will no longer be just
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Speaker 8: a promise or a headline. It will be operating in
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Speaker 8: production within trusted market infrastructure in our first update of
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Speaker 8: the day, JP Morgan successfully tokenized the Invesco NASDAQ one
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Speaker 8: hundred ETF.
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Speaker 10: We participated in the DTCCS limited Trade Production event to
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Speaker 10: evaluate the feasibility of using tokenized securities within a US
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Speaker 10: based CCP workflow For US, the opportunity is clear.
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Speaker 8: Thank you for sharing those insights.
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Speaker 4: And it's not just a case that that was a
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Speaker 4: simple move from a wallet to another wallet.
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Speaker 2: Thanks TOOM so very much a real transaction and not
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Speaker 2: a simulation.
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Speaker 8: Thanks Erin.
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Speaker 6: This isn't a science project.
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Speaker 3: These were real production trades, real assets, and real value.
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Speaker 8: I keep following along as we share more updates. Now
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Speaker 8: let's hear Microsoft's perspective on today's milestone from billboardon at
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Speaker 8: Microsoft Great.
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Speaker 1: Thanks. Microsoft is so excited to partner with DTCC to
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Speaker 1: help advance this effort. But it's just the beginning.
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Speaker 11: By connecting our own NOD to the content network, we're
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Speaker 11: able to demonstrate the similars instant transfer of high quality
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Speaker 11: liquid assets in a production like environment.
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Speaker 8: Thanks Stefan. The amount of companies involved in that transaction
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Speaker 8: is the perfect example of interoperability. We're nearing the end
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Speaker 8: of today's watershed tokenization event.
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Speaker 1: I think we might be nearing the end of realization
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Speaker 1: of what DTCC is trying to do. So crazy stuff
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Speaker 1: out there, guys right now. So I think you see
21:49
Speaker 1: right through this clearly. Don't worry about it. Head down,
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Speaker 1: carry on, because this is the kind of craziness that
21:55
Speaker 1: we're dealing with in the market. We've got a lot
21:57
Speaker 1: more coming this week. It's going to get close around clarity,
22:00
Speaker 1: so stay tuned. If you like this video, hit like
22:09
Speaker 1: and subscribe, drop a comment down below, and also join
22:12
Speaker 1: our free private member group. The link is in the
22:14
Speaker 1: description mm hmm