Latest / The Paul Barron Crypto Show / Tokenized Gold Rush on XRP?💎Tiamonds CEO INTERVIEW

Transcript

Tokenized Gold Rush on XRP?💎Tiamonds CEO INTERVIEW · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Let's dive into tokeni's real world assets today and why
• 0:08
  Speaker 1: this could be a huge impact for the crypto community.
• 0:12
  Speaker 1: My name is Paul Barrow. Welcome back into tech Path.
• 0:14
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• 0:35
  Speaker 2: Now.
• 0:36
  Speaker 1: We've had real world assets on the subject matter for
• 0:40
  Speaker 1: quite a while here on the show, and we wanted
• 0:42
  Speaker 1: to dive in a little bit deeper. And I wanted
• 0:43
  Speaker 1: to bring back one of our previous guests, which is
• 0:46
  Speaker 1: Monti Masker coming in from LCx. Great to see you again, MANI,
• 0:49
  Speaker 1: how are you, Paul?
• 0:50
  Speaker 2: Good to be under show?
• 0:52
  Speaker 3: I think tech Pass is really tagling the most important
• 0:55
  Speaker 3: topics and that's what we're going to do in this
• 0:57
  Speaker 3: today's show as well.
• 0:58
  Speaker 1: Listen, I want to get your pin on the XRP
• 1:02
  Speaker 1: Ripple Strategic Reserve position.
• 1:05
  Speaker 2: What are your.
• 1:05
  Speaker 1: Chances that you think Ripple is going to succeed in
• 1:09
  Speaker 1: getting XRP into into the reserve.
• 1:12
  Speaker 3: I think it's historic times. We have the first crypto
• 1:15
  Speaker 3: president in the United States, and he's also pushing global
• 1:19
  Speaker 3: markets as.
• 1:19
  Speaker 2: We can see now.
• 1:21
  Speaker 3: But this announcement and the presidential tweet where he mentioned
• 1:28
  Speaker 3: this US Strategic crypto reserve is really a mindste This
• 1:33
  Speaker 3: had been like a dream come true for the industry,
• 1:36
  Speaker 3: and obviously mentioning XRP as one of one of the
• 1:39
  Speaker 3: assets is yeah, move the markets.
• 1:44
  Speaker 2: A lot of speculation.
• 1:45
  Speaker 3: At the end of the day, they decided to go
• 1:47
  Speaker 3: with the pure bitcoin strategic reserve at the first step,
• 1:53
  Speaker 3: but we don't know what will happen now. In our opinion,
• 1:57
  Speaker 3: a strategic crypto reserve is something every country needs.
• 2:01
  Speaker 1: It's something to keep an eye on for sure. I
• 2:03
  Speaker 1: want to talk a little bit about and obviously we
• 2:05
  Speaker 1: want to talk about Tiaman's here in a second, but
• 2:07
  Speaker 1: I want to go into gold for a second, because
• 2:10
  Speaker 1: this is where we get into tokenized gold reserves. Is
• 2:13
  Speaker 1: this potentially more likely? This is a from the federal reserve,
• 2:17
  Speaker 1: and it says right here is Federal reserve on gold
• 2:20
  Speaker 1: or whole gold in exchange right now, the Secretary of
• 2:22
  Speaker 1: Treasury issued gold certificates for the Federal or to the
• 2:26
  Speaker 1: Federal Reserve, and the amount of gold transferred at the
• 2:30
  Speaker 1: then applicable statue statutory price that was held by the Treasury.
• 2:34
  Speaker 1: Do you think that we could get to a point
• 2:36
  Speaker 1: where tokenized gold could actually become a reality here, especially
• 2:41
  Speaker 1: here in the United States? What are your thoughts in.
• 2:43
  Speaker 3: Genero tokenization will bring the next wave of crypto adoption,
• 2:47
  Speaker 3: We will see ten or one hundred acts of the
• 2:50
  Speaker 3: current crypto market price or like the whole market cap
• 2:55
  Speaker 3: of the industry to develop and their gold play a
• 3:00
  Speaker 3: tremendous role because the accessibility as an investment class is
• 3:06
  Speaker 3: not that easy as you think. Buying physical gold for
• 3:10
  Speaker 3: you personally has a lot of risks.
• 3:12
  Speaker 2: So yeah, you ye need.
• 3:14
  Speaker 3: To be shifted, shipped, you need to store it, and
• 3:17
  Speaker 3: you need to keep it somewhere. So the idea of
• 3:21
  Speaker 3: a tokenized gold could really revolutionize and bring mass adoption
• 3:27
  Speaker 3: to gold as an investment class, but also for crypto
• 3:31
  Speaker 3: it could be the next bull run.
• 3:34
  Speaker 1: Yeah for sure. Well, we've talked about DeFi yields on
• 3:37
  Speaker 1: gold and USDC over at folks. If you guys. Have
• 3:41
  Speaker 1: we've shown this site before, but I'll zoom in here
• 3:44
  Speaker 1: on the lending pools, which is kind of crazy in
• 3:47
  Speaker 1: terms of the performance here if you look at just
• 3:49
  Speaker 1: USDC and gold right now performing at about almost eleven
• 3:53
  Speaker 1: percent apy, what do you think about this? Is this
• 3:56
  Speaker 1: something that is going to draw enough attention? Well, we
• 3:58
  Speaker 1: see this market possibly explode.
• 4:01
  Speaker 3: We believe in the future of tokenization and gold is
• 4:05
  Speaker 3: a key driver. And we've now seen the highest gold
• 4:08
  Speaker 3: price ever in history, more than three thousand dollars per ounce.
• 4:12
  Speaker 3: And now what we've encouraged our users is to buy
• 4:17
  Speaker 3: tokenized gold. So at times, I think when the show
• 4:22
  Speaker 3: is out, we will already have launched gold bars where
• 4:27
  Speaker 3: you can buy one NFT, which is equivalent to one
• 4:31
  Speaker 3: ounce gold bar at our platform. So this gives people
• 4:35
  Speaker 3: the ability to buy a digital representative, a digital twin
• 4:40
  Speaker 3: of a real gold bar. We store it free of change,
• 4:44
  Speaker 3: We ensure it free of change, so it is an
• 4:47
  Speaker 3: access to the actual underlying gold one oh one with
• 4:50
  Speaker 3: a non fungible token.
• 4:52
  Speaker 1: When is that going to go live?
• 4:53
  Speaker 3: The first gold bars have arrived in our votes in
• 4:56
  Speaker 3: Switzerland and now the team is preparing it.
• 5:00
  Speaker 2: So I can't say they sick dates, but it is
• 5:02
  Speaker 2: just a few days.
• 5:03
  Speaker 1: Coming soon, all right, all right, so when you probably.
• 5:06
  Speaker 3: As when the show here for our audience, you can
• 5:09
  Speaker 3: check it out at times that comment my life already.
• 5:12
  Speaker 1: So how will your tokenized gold differ from what, like
• 5:15
  Speaker 1: what Meld is doing. If you look at Meld, they're
• 5:18
  Speaker 1: using Augrand and then launching soon on the XRP ledger
• 5:21
  Speaker 1: as well, how will it different and what are you
• 5:24
  Speaker 1: guys using to kind of launch with TMN's.
• 5:27
  Speaker 3: So there are general fungible tokens like Meld, but also
• 5:32
  Speaker 3: like packs gold or tether gold.
• 5:35
  Speaker 2: There you can't.
• 5:36
  Speaker 3: Redeem it so easily, so you need to buy larger
• 5:38
  Speaker 3: amounts than redemption is complicated and you need to trust
• 5:42
  Speaker 3: the centralized entities. In our case, it is a one
• 5:46
  Speaker 3: to one tokenization. So we have one ounce gold box
• 5:49
  Speaker 3: and one ounce is one NFT, so there's a clear backing.
• 5:53
  Speaker 3: You get a certificate of ownership. You see the gold bar.
• 5:57
  Speaker 3: Each gold bar has a certain number in idea and
• 6:00
  Speaker 3: you actually can see it and look it up the
• 6:02
  Speaker 3: validility that your this is your gold bar and it's
• 6:07
  Speaker 3: in the volte. So this is a key differentiator. You
• 6:11
  Speaker 3: can actually get access to the physical gold while you
• 6:15
  Speaker 3: don't have to worry about the trading and the storing
• 6:18
  Speaker 3: and the shipping and the storage. So this is really
• 6:22
  Speaker 3: a game changer to buy into physical gold bars stored
• 6:26
  Speaker 3: in beautiful mountains of Switzerland.
• 6:28
  Speaker 2: Listnership.
• 6:29
  Speaker 1: I like it. So you look at the potential here
• 6:33
  Speaker 1: of people maybe taking the goal they have and trying
• 6:36
  Speaker 1: to figure out, well, maybe I could go ahead and
• 6:38
  Speaker 1: you know, tokenize my current goal. Right now, it looks
• 6:42
  Speaker 1: like meld is gone this way. They have some conversion
• 6:45
  Speaker 1: partners that they're using what looks to be some retail outlets,
• 6:49
  Speaker 1: but Bullion that is going right there on physical to digital,
• 6:54
  Speaker 1: which is kind of unique. Do you think we'll see
• 6:57
  Speaker 1: a new gold rush kind of where people have physical
• 7:00
  Speaker 1: goal that says, hey, just to your point, I want
• 7:02
  Speaker 1: to digitize this and put it into a tokenized security.
• 7:05
  Speaker 1: Are you guys planning that on doing anything like that?
• 7:08
  Speaker 2: Absolutely?
• 7:09
  Speaker 3: I mean, if you're if you're from the US, Singapore
• 7:12
  Speaker 3: or anywhere in the world, having gold in a physical
• 7:15
  Speaker 3: volt in Switzerland is a key benefits. Storage fees are
• 7:18
  Speaker 3: high normally, so we offer it free of charge and
• 7:22
  Speaker 3: you can then basically use our platform, which is similar
• 7:27
  Speaker 3: to a decentralized NFT marketplace like open c So you
• 7:30
  Speaker 3: connect your wallet, you buy the NFT and then you
• 7:33
  Speaker 3: can trade it, gift it, hold it, whatever you do.
• 7:37
  Speaker 1: What about your strategy here in the United States, We've
• 7:40
  Speaker 1: got what is now a very crypto and blockchain forward administration,
• 7:45
  Speaker 1: completely different than it was just you know, six eight
• 7:49
  Speaker 1: months ago. What about LCx. What are you guys looking
• 7:53
  Speaker 1: at doing here now for the United States? Are you
• 7:55
  Speaker 1: restructuring your plan to come here?
• 7:57
  Speaker 2: Yes, US is.
• 7:59
  Speaker 3: A game change of US. We had been tiptoeing into
• 8:02
  Speaker 3: the US markets previously, but we didn't launch and start
• 8:06
  Speaker 3: because of the kind of toxic environment. This has changed
• 8:10
  Speaker 3: now and LCx is known as the fastest growing European
• 8:15
  Speaker 3: centralized exchange. We are specialized in tokenization in terms of
• 8:20
  Speaker 3: becoming the centerpiece of the tokenization infrastructure in the future.
• 8:24
  Speaker 3: Time ins is our showcase and we are proud also
• 8:28
  Speaker 3: for you on your audience pall to let you know
• 8:32
  Speaker 3: that we have tokenized diamonds on the XP ledger already
• 8:36
  Speaker 3: and we will take the gold bars also on the
• 8:38
  Speaker 3: XP ledgers. These had been the immediately sold out our diamonds.
• 8:44
  Speaker 3: We are also offering that at USX, but we are
• 8:47
  Speaker 3: going all into tokenization.
• 8:50
  Speaker 1: All right, So are you available in the United States
• 8:53
  Speaker 1: on the countries and jurisdictions list that was on your website?
• 8:56
  Speaker 1: This was again back in September. Has that all changed?
• 9:00
  Speaker 2: Now?
• 9:00
  Speaker 1: Are you available in the US?
• 9:02
  Speaker 3: Well? US is still restricted as of today, but we
• 9:07
  Speaker 3: are had been invited by a few mayors and government
• 9:12
  Speaker 3: organizations to now open up shop. We are considering this
• 9:18
  Speaker 3: step and we are.
• 9:20
  Speaker 2: In heavy preparations for it.
• 9:22
  Speaker 3: I think US is now becoming the crypto capital. We
• 9:26
  Speaker 3: can profit from all the learnings we had of six
• 9:29
  Speaker 3: years being regulated out of Europe. So there's the saying
• 9:34
  Speaker 3: US innovates, Asia duplicates, and Europe regulates. So we are
• 9:40
  Speaker 3: now trying to make this add our advantage, saying we
• 9:44
  Speaker 3: can play with the rules and become the next generation of.
• 9:47
  Speaker 2: Crypto exchanges in the US.
• 9:49
  Speaker 3: What the US has given us in the last couple
• 9:52
  Speaker 3: of years is uncertainty, a fight, I would say, a
• 9:56
  Speaker 3: war against crypto. And this war has now ended and
• 10:00
  Speaker 3: it turned around into a field of opportunities.
• 10:03
  Speaker 1: So I want to kind of go through a few
• 10:05
  Speaker 1: questions here. They're kind of rapid fire, but one is
• 10:08
  Speaker 1: in reference to the bank regulation, which is really about
• 10:12
  Speaker 1: to change right now. The US banks now are allowed to,
• 10:15
  Speaker 1: as you put out on tweet right their custody crypto
• 10:18
  Speaker 1: mostly stable coins. I imagine holding deposits and stable coins
• 10:21
  Speaker 1: and then facilitate payments in stable cooin, which is something
• 10:24
  Speaker 1: we think is going to be a game changer here
• 10:27
  Speaker 1: when you look at the banking policies. This obviously is
• 10:31
  Speaker 1: going to boost tokenization globally. Do you think this is
• 10:35
  Speaker 1: going to impact what you guys are doing directly?
• 10:37
  Speaker 3: What we are seeing is the reinvention of the financial
• 10:41
  Speaker 3: monitoring system as we know it. Banks had been basically
• 10:46
  Speaker 3: not allowed to touch anything in crypto. We've seen it
• 10:49
  Speaker 3: for the crypto industry how hard it is to open
• 10:52
  Speaker 3: a bank account. Now banks are entering this field, and
• 10:56
  Speaker 3: for US entrepreneurs who have been early in the days.
• 10:59
  Speaker 3: We need to make sure sure that it don't eat
• 11:01
  Speaker 3: our lunch. We need to still be at the top
• 11:04
  Speaker 3: of it. But what's unlocking basically is that banks, federal
• 11:10
  Speaker 3: banks are really like pushing in their direction to be
• 11:14
  Speaker 3: part of the industry, and this will bring overall adoption
• 11:18
  Speaker 3: from hundreds of billions of crypto users to billions of crypto.
• 11:21
  Speaker 1: Users tokenized commodities. We watch the RWA dot xyz site
• 11:26
  Speaker 1: pretty heavily and one thing is I noticed is Monty
• 11:30
  Speaker 1: LCx is not on here. What are you going to
• 11:31
  Speaker 1: be on here? When are we going to see tokenized
• 11:33
  Speaker 1: diamonds on here as a commodity to show up? Because
• 11:36
  Speaker 1: that obviously tracks all the commodities. Okay, all right, cool,
• 11:40
  Speaker 1: Let's talk about gold a little bit further. Because Robinhood
• 11:44
  Speaker 1: is on the move, it's likely that they could launch
• 11:46
  Speaker 1: tokenized gold very soon. If they do, does that change
• 11:51
  Speaker 1: your strategy at all at LCx and do you think
• 11:53
  Speaker 1: that's going to be a big impact on the industry.
• 11:56
  Speaker 3: For the strategy for times and timements come, it's not
• 11:59
  Speaker 3: changing it because these tokens are normally non fungible, so
• 12:04
  Speaker 3: it's also not so easy to redeem at time. As
• 12:07
  Speaker 3: you have you get one NFT which represents a physical
• 12:12
  Speaker 3: gold bar, which is your gold bar stought in this world,
• 12:15
  Speaker 3: and it's always redeemable, so just contact the customer. Support
• 12:19
  Speaker 3: would be shipped to you can pick it up, and
• 12:22
  Speaker 3: you can also have a real time audit. Then what
• 12:24
  Speaker 3: we basically could imagine is taking this NFT and mint,
• 12:29
  Speaker 3: even a tether, gold or other fungible.
• 12:33
  Speaker 1: So I want to shift over to another area that
• 12:37
  Speaker 1: we have seen looking at tokenized assets and potentially going
• 12:43
  Speaker 1: into it. And this is a clip talking about specifically
• 12:46
  Speaker 1: the alcohol industry. I'll bring in a kind of explain
• 12:49
  Speaker 1: this here in a second. Let me play this clip
• 12:50
  Speaker 1: for you.
• 12:51
  Speaker 4: We've already been through it at a much lower level
• 12:54
  Speaker 4: and it was brutal.
• 12:56
  Speaker 1: Then how does that change how you sell the line?
• 12:58
  Speaker 4: For instance, do you pre I.
• 12:59
  Speaker 1: Mean, do you have a customer and they buy it
• 13:01
  Speaker 1: and then you bring it over so you're able to
• 13:03
  Speaker 1: cover that tariff? Me, how has it.
• 13:04
  Speaker 4: Changed Importers such as our cells distributors carry a portfolio
• 13:08
  Speaker 4: of wines. Twenty three percent of wines sold in the
• 13:11
  Speaker 4: US or from Europe. Twenty three percent of spirits sold
• 13:13
  Speaker 4: in the US are from Europe. So distributors carry a
• 13:16
  Speaker 4: full range of wines and spirits and they don't get
• 13:19
  Speaker 4: to replace one to one wines from Europe with wines
• 13:23
  Speaker 4: from the US. US wineries wineries from abroad. They don't
• 13:27
  Speaker 4: sell directly to retailers and restaurants. They sell to distributors,
• 13:31
  Speaker 4: and distributors sell on to restaurants and retailers. So one
• 13:35
  Speaker 4: dollar in wine from Europe actually accounts for four dollars
• 13:39
  Speaker 4: and fifty two cents of US sales. This is a
• 13:42
  Speaker 4: bit of a dagger, or a potential.
• 13:43
  Speaker 1: Dagger, So he hit it right there. I mean, the
• 13:47
  Speaker 1: alcohol industry has faced with some pretty big issues here
• 13:50
  Speaker 1: with these terrafs inbound, and one of the things that
• 13:53
  Speaker 1: has been looked at here recently is tokenized commodities like
• 13:58
  Speaker 1: collecting wine and some of the artists and spirits that
• 14:00
  Speaker 1: could slow down the potential for tokenized you know, beverage,
• 14:06
  Speaker 1: like in the scenarios that we're seeing here because wine,
• 14:09
  Speaker 1: luxury goods. Obviously we've talked about it, you know, in
• 14:12
  Speaker 1: the side of things like everything from watches, you could
• 14:15
  Speaker 1: go even in scenarios of handbags and things like that,
• 14:19
  Speaker 1: they could flow into this. Do you think it's will
• 14:20
  Speaker 1: slow down the tear of specifically slowing down tokenized assets
• 14:26
  Speaker 1: in the future.
• 14:27
  Speaker 2: It might slow down.
• 14:28
  Speaker 3: It will have a tremendous impact on global trades in
• 14:32
  Speaker 3: terms of investments. We've seen it in the past decades
• 14:35
  Speaker 3: already with these free ports where you buy an acid
• 14:39
  Speaker 3: like a picasso, your favorite watch or something else. Which
• 14:43
  Speaker 3: should be taxed the moment you import it into your country,
• 14:47
  Speaker 3: but the people, the investors just leave it in these
• 14:49
  Speaker 3: free ports, not being text and this is kind of
• 14:54
  Speaker 3: in a kind of a very millionaire's bubble. But now
• 14:57
  Speaker 3: talking about tokenization would open up so you could buy
• 15:01
  Speaker 3: your Rolex watch this is stored in Switzerland, for example.
• 15:05
  Speaker 3: You could buy your wines and everything without sending them
• 15:10
  Speaker 3: to the US, which would trigger this import taxes. Nevertheless,
• 15:14
  Speaker 3: I believe that your president is a deal maker. He
• 15:17
  Speaker 3: is now pressuring other countries with tariffs. We see this
• 15:22
  Speaker 3: trade war, and ultimately, you know in Europe it had
• 15:27
  Speaker 3: been triggered also as they introduced a fifty percent import
• 15:30
  Speaker 3: tax on whiskey, American whiskey. So Trump is not holding
• 15:35
  Speaker 3: back and saying I don't like that, We fire back
• 15:38
  Speaker 3: with a two hundred percent increase on your French wine. Ultimately,
• 15:44
  Speaker 3: he's a dealmaker, so he wants a global trade probably
• 15:48
  Speaker 3: at zero import Texas everywhere, but he demands that also
• 15:52
  Speaker 3: from other countries. And also this global settlement in trade
• 15:57
  Speaker 3: is a key topic. So whatever you buy or ship,
• 16:00
  Speaker 3: whether it's stored in a local freeport or storage facility
• 16:05
  Speaker 3: like what we use the global settlement is the is
• 16:08
  Speaker 3: the crucial part because banks are living in this outdated,
• 16:13
  Speaker 3: fragmented silos which I'm not talking to each other, so
• 16:17
  Speaker 3: sending money from Singapore to US takes longer than sending
• 16:22
  Speaker 3: an email.
• 16:22
  Speaker 1: All right, So let's jump over to blockchains for the
• 16:26
  Speaker 1: RWA and I look at your website. The potential here
• 16:30
  Speaker 1: for the most volume for you guys is do you
• 16:33
  Speaker 1: feel like it's going to happen on Ripple or XRP
• 16:37
  Speaker 1: or is it going to happen on Cardono or potentially
• 16:40
  Speaker 1: other blockchains in the future, which one is the most
• 16:44
  Speaker 1: And even Slana to a certain ex I guess are
• 16:46
  Speaker 1: you on Slana now? Is that coming?
• 16:49
  Speaker 2: We are?
• 16:50
  Speaker 1: Okay, we are, so which blockchain contributes the most volume
• 16:53
  Speaker 1: right now for you guys?
• 16:54
  Speaker 2: So we follow the demand.
• 16:56
  Speaker 3: We are blockchain agnostics, so we started with theory on
• 17:00
  Speaker 3: we launched Solana, Kadano and also xp ledger. Actually, in
• 17:06
  Speaker 3: terms of demand, we saw the highest demand like being
• 17:09
  Speaker 3: sold out with from the xop community. This was really
• 17:15
  Speaker 3: mind boggling to see the demand of real world assets
• 17:19
  Speaker 3: on our platform. So ultimately, you know, we don't know
• 17:23
  Speaker 3: where the market will be going, but we are open
• 17:27
  Speaker 3: to play with any blockchain.
• 17:29
  Speaker 1: So to be clear, XRP is the highest demand right now.
• 17:33
  Speaker 1: I want to go over to a couple of things
• 17:35
  Speaker 1: within this, because this is in a document that you
• 17:38
  Speaker 1: guys had and kind of breaking this down, and the
• 17:41
  Speaker 1: idea of what's going on here is really around who
• 17:45
  Speaker 1: is the potential true winner in tokenized assets when you
• 17:49
  Speaker 1: look at this. So in that pdf you mentioned something
• 17:53
  Speaker 1: specific to uniswap here and that was really my question
• 17:56
  Speaker 1: is you know when you look at commodities or other things,
• 18:00
  Speaker 1: we see decentralized tokenized assets become the new wave of
• 18:05
  Speaker 1: the future versus the regulated model that seems to be
• 18:09
  Speaker 1: rising right now. What are your thoughts on that.
• 18:13
  Speaker 3: So, decentralized networks will play a tremendous role in the
• 18:16
  Speaker 3: tokenization because ultimately, in simple worlds, we are kicking out
• 18:22
  Speaker 3: the middleman. This is the case now that you could
• 18:26
  Speaker 3: issue even securities as a company directly with all the
• 18:31
  Speaker 3: disclosures without having a stock exchange license or something like that.
• 18:38
  Speaker 3: So technology which is enabled to kick out the middleman
• 18:42
  Speaker 3: and the investors could invest directly in the companies, whether
• 18:46
  Speaker 3: they're in Latin America and the US or in Asia,
• 18:50
  Speaker 3: and we actually go in a hybrid model, so we
• 18:53
  Speaker 3: do have a centralized approach as well as the decentralized approach.
• 18:57
  Speaker 3: Details will be yet later this year, but we are
• 19:00
  Speaker 3: working on something which is enabling exactly that, offering the
• 19:06
  Speaker 3: market or decentralized access to kind of a direct to
• 19:11
  Speaker 3: consumer access as well as institutions a way that bigger
• 19:17
  Speaker 3: banks said they need some centralized custody solutions, and that's
• 19:22
  Speaker 3: also something which we are planning to provide.
• 19:24
  Speaker 1: So why not launch your own blockchain? Why not just
• 19:28
  Speaker 1: go ahead and just roll out a blockchain for LCx
• 19:31
  Speaker 1: to deal with. Obviously that would be benefiting both centralized
• 19:34
  Speaker 1: as or decentralized as well as just what you guys
• 19:38
  Speaker 1: are trying to do in terms of tokenized assets. What
• 19:41
  Speaker 1: would hold you back at.
• 19:43
  Speaker 3: The moment, Nothing is holding us back from the technology side.
• 19:46
  Speaker 3: It's something which we discussed many times, and we do
• 19:49
  Speaker 3: see that coinbase and kracken had been launching their own
• 19:53
  Speaker 3: blockchains with different approaches. I don't think that the mean
• 19:58
  Speaker 3: coin approach from coin base is something more which is
• 20:03
  Speaker 3: literally lasting. So we take a different approach, but you know,
• 20:08
  Speaker 3: it's also the right moment in time when to launch
• 20:12
  Speaker 3: the product innovation, and sometimes it's better to wait a
• 20:15
  Speaker 3: little bit.
• 20:16
  Speaker 1: So if you did launch it, what sounds like you're
• 20:19
  Speaker 1: going to at some point down the road, which chain
• 20:22
  Speaker 1: would you choose? I'm looking at doing right here. This
• 20:24
  Speaker 1: is just tokenization market cap by blockchain. Obviously we know
• 20:29
  Speaker 1: the kings of that, and that has been mostly in
• 20:33
  Speaker 1: the side of Ethereum. Then of course you have Stellar etc.
• 20:36
  Speaker 1: Kind of rolling into that. What would be the future
• 20:39
  Speaker 1: here for you guys if you were to choose now.
• 20:41
  Speaker 3: So Paul, I don't know exactly and I don't want
• 20:44
  Speaker 3: to disclose technology details, but what I can tell you
• 20:48
  Speaker 3: is it won't be on ethereum because all the assets
• 20:53
  Speaker 3: what we are going to what we talked about, from
• 20:56
  Speaker 3: financial instruments to tokenized assets, they need a different settlement
• 21:01
  Speaker 3: layer which is much faster and probably also offering a
• 21:07
  Speaker 3: hybrid model between private and public disclosures where you know
• 21:12
  Speaker 3: some of the financial market players and they need some
• 21:16
  Speaker 3: form of privacy. So if some the Bank of America
• 21:22
  Speaker 3: would step in, they don't want to disclose all their
• 21:25
  Speaker 3: transactions like it is on a theory.
• 21:27
  Speaker 1: They blockchain out there. XRP Ledger would be a good one.
• 21:31
  Speaker 1: You know, you could go right there to it and
• 21:35
  Speaker 1: and oh I like that. Okay, that's all I needed.
• 21:38
  Speaker 1: I can see you're dodging the question a little bit.
• 21:40
  Speaker 1: I can fully understand. Strategy is an important thing.
• 21:42
  Speaker 3: And ultimately, like what we want is that we don't
• 21:46
  Speaker 3: talk about the technology anymore, whether it's XRP or something else.
• 21:51
  Speaker 3: But what really matters is that everybody is using it.
• 21:56
  Speaker 3: So now you don't say I am I connected to
• 22:00
  Speaker 3: GTP protocol or.
• 22:04
  Speaker 2: Wi Fi.
• 22:04
  Speaker 3: You would just like your online all the time, and
• 22:07
  Speaker 3: this will be a here as well. Everything will be
• 22:10
  Speaker 3: in the blockchain.
• 22:11
  Speaker 1: I used to believe that that, you know, that the
• 22:14
  Speaker 1: blockchain would kind of become somewhat fade to black, you know,
• 22:18
  Speaker 1: kind of scenario. But now I watch certain industries that
• 22:23
  Speaker 1: have more efficient tools, and when you look at the
• 22:26
  Speaker 1: technology behind those companies that are much more efficient, you
• 22:30
  Speaker 1: realize they do have a technology advantage. And I think
• 22:33
  Speaker 1: that's going to happen in the blockchain space. I used
• 22:35
  Speaker 1: to think it wouldn't as much. Now I'm starting to
• 22:38
  Speaker 1: see the use cases start to play out. Speed is
• 22:42
  Speaker 1: going to be very important, Security is going to be
• 22:45
  Speaker 1: extremely important, and I think also reputation that these blockchains
• 22:49
  Speaker 1: have in the market because people are watching this stuff
• 22:51
  Speaker 1: kind of go through the regulatory framework, and now you
• 22:54
  Speaker 1: have a president out there spouting tokens. Is it's going
• 22:58
  Speaker 1: to matter, I think in the future for sure. So
• 23:02
  Speaker 1: we're going to be watching this one closely, Monty, very
• 23:04
  Speaker 1: closely on what you guys are doing. So thanks again
• 23:06
  Speaker 1: for coming in today. We appreciate it.
• 23:08
  Speaker 2: Thank you.
• 23:09
  Speaker 1: Bet all right, you guys jump into the Diamond Circle.
• 23:12
  Speaker 1: This is our own private group. It's a great place
• 23:14
  Speaker 1: for you guys to get additional content from us. Also,
• 23:17
  Speaker 1: you can get in our one to one conversation over
• 23:20
  Speaker 1: on our telegram group. We only have one, so just
• 23:22
  Speaker 1: be aware. Sometimes you'll get people out there trying to
• 23:25
  Speaker 1: tell you there's another one. No, that's not true. The
• 23:27
  Speaker 1: one we always link to is right here on our
• 23:29
  Speaker 1: channel or on our website that will take you to
• 23:32
  Speaker 1: our private telegram group that you guys can join there
• 23:34
  Speaker 1: and of course follow me out there on x at
• 23:37
  Speaker 1: Paul Baron. We'll catch next time right here on Techpath