Latest / The Paul Barron Crypto Show / First-Ever Tokenized Dividend Stock on BlackRock?🚨Ethereum Treasury FG Nexus CEO INTERVIEW

Transcript

First-Ever Tokenized Dividend Stock on BlackRock?🚨Ethereum Treasury FG Nexus CEO INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Today we're going to dive into tokenized assets and what
• 0:02
  Speaker 1: that means for the markets. You don't want to miss it.
• 0:04
  Speaker 1: Let's just jump right in. I do want to thank
• 0:06
  Speaker 1: our sponsor today and that is Coinbase. You guys can
• 0:09
  Speaker 1: jump over to coinbase dot com use our link. It's
• 0:12
  Speaker 1: going to help us out, but it also gives you
• 0:13
  Speaker 1: guys a little bit of a feedback on when you
• 0:16
  Speaker 1: make your first trade available on financing, you can get
• 0:18
  Speaker 1: do some morpho lending over there. They've got a lot,
• 0:21
  Speaker 1: of course, the new credit card, a lot of activity
• 0:24
  Speaker 1: over on the coinbase platform. Check it out using our
• 0:27
  Speaker 1: link to get started. Now we're going to have a
• 0:29
  Speaker 1: guest on here in a second, but before we bring
• 0:31
  Speaker 1: her in, I want to frame up something around token
• 0:34
  Speaker 1: ised securities in general. You've probably seen our videos before
• 0:39
  Speaker 1: with securitized and Carlos he's been on before a little
• 0:43
  Speaker 1: bit about Securitize. This is a company and the course
• 0:45
  Speaker 1: is very tied into token is securities around Blackrock.
• 0:48
  Speaker 2: This of course was a partnership with fg Nexus.
• 0:51
  Speaker 1: Which is going to natively tokenize its public shares on ethereum.
• 0:56
  Speaker 2: So Fgenexus is going to be the.
• 0:58
  Speaker 1: First Nasdaq listed company to bring dividend paying preferred equity
• 1:03
  Speaker 1: fully on chain. So we thought, hey, let's get the
• 1:06
  Speaker 1: CEO on and talk it over a little bit.
• 1:08
  Speaker 2: So how are you, Maya.
• 1:11
  Speaker 3: I'm doing great and good afternoon to you.
• 1:13
  Speaker 4: Paul, and I just found out we're in Miami together,
• 1:15
  Speaker 4: so it's just great to see you.
• 1:17
  Speaker 2: It is. It has been great. Listen.
• 1:19
  Speaker 1: I was looking at the securitized website. There's something interesting
• 1:22
  Speaker 1: about this that I thought was intriguing. If you look
• 1:25
  Speaker 1: at the profile this being a public stock. I'll zoom
• 1:28
  Speaker 1: in on that so people can kind of see that
• 1:30
  Speaker 1: asset class tokenized public stock because some of the other
• 1:35
  Speaker 1: potentials here within the securitized ecosystem don't necessarily have those
• 1:40
  Speaker 1: kinds of frameworks around how this stock is done. First,
• 1:44
  Speaker 1: let's kind of jump into whether or not this is
• 1:47
  Speaker 1: going to have a credited investment and lockups. Can you
• 1:51
  Speaker 1: explain a little bit more about how you guys went
• 1:53
  Speaker 1: about setting this up.
• 1:54
  Speaker 4: There is a reason, first of all, why we chose securitize.
• 1:57
  Speaker 4: I think you were right earlier. I mean, Carlos has
• 2:00
  Speaker 4: been early in this industry. I go back with Carlos
• 2:02
  Speaker 4: early days. You know, when they just started us in
• 2:04
  Speaker 4: twenty seventeen because I was already circling around T zero
• 2:08
  Speaker 4: at the time. T zero, you know, Patrick was kind
• 2:10
  Speaker 4: of early and seeing this vision of tokenization. Carlos and
• 2:13
  Speaker 4: I May were also early, and I think that one
• 2:17
  Speaker 4: of the reasons why we kind of partnered with them
• 2:20
  Speaker 4: is everything that you just mentioned now you cannot do
• 2:24
  Speaker 4: unless you are regulated end to end stack and that's
• 2:26
  Speaker 4: what securities it, right, and so another thing that we've
• 2:30
  Speaker 4: when we looked at this, we kind of said, look,
• 2:32
  Speaker 4: we need a proven institutional scale and it's the you know,
• 2:36
  Speaker 4: tokenization provider behind Blackrock built right first tokenized Blackrock fond
• 2:41
  Speaker 4: and Ethereum, So I think that was another reason.
• 2:43
  Speaker 3: Why we chose it. And really we you know, make.
• 2:48
  Speaker 4: Equities and payouts programmable essentially. This is why we've done it, right.
• 2:52
  Speaker 4: We use Ethereum rails our underlying asset of digital asset
• 2:56
  Speaker 4: strategy that we've chosen as Ethereum, and we use Ethereum
• 2:59
  Speaker 4: rails for dividing and buybacks and near real time settlement
• 3:03
  Speaker 4: while keeping.
• 3:03
  Speaker 3: The full kind of transfer agent records. Right. That's why
• 3:06
  Speaker 3: blockchains are really good because of that transparency. So that's exactly.
• 3:09
  Speaker 4: How also build stream on chain income to the white
• 3:14
  Speaker 4: listed wallets as well. So I think we plug into
• 3:17
  Speaker 4: institutional liquidity.
• 3:18
  Speaker 3: You know as well.
• 3:20
  Speaker 4: And I think it just allows much much faster, much safer,
• 3:24
  Speaker 4: a much more transparent way of distributing our sock.
• 3:28
  Speaker 1: Can you explain the treasury itself, because we were seeing
• 3:32
  Speaker 1: a lot of digital asset treasuries coming out within this
• 3:35
  Speaker 1: Obviously eth is one of the biggest ones out.
• 3:37
  Speaker 2: There, but explain a little bit more.
• 3:40
  Speaker 1: First of all, why go this route, because there's a
• 3:44
  Speaker 1: variety of ways that this.
• 3:45
  Speaker 2: Could have been done.
• 3:46
  Speaker 1: Why go this route and kind of jump into a
• 3:48
  Speaker 1: very competitive dat space right now?
• 3:51
  Speaker 3: Yeah? Good, good question.
• 3:52
  Speaker 4: Look I've been early in the space since twenty ten,
• 3:55
  Speaker 4: and you know, I wrote the Bigcoin kind of wave
• 3:58
  Speaker 4: early days, and then I wrote the Ico days as well,
• 4:03
  Speaker 4: early in kind of twenty thirteen, fourteen, fifteen sixteen, and
• 4:08
  Speaker 4: then Defy summer later as well. I think what's interesting
• 4:11
  Speaker 4: about this is this is a massive megaphone for crypto,
• 4:16
  Speaker 4: right think about it. The digital asset companies now are
• 4:20
  Speaker 4: suddenly you know, public. You can discuss them on CNBC,
• 4:24
  Speaker 4: you can discuss them on shows like this right where
• 4:27
  Speaker 4: institutional investors are lisiting, and so.
• 4:30
  Speaker 3: I do think that that's interesting.
• 4:32
  Speaker 4: The second part that's really interesting, This is not anymore
• 4:35
  Speaker 4: about hype.
• 4:35
  Speaker 3: This is really about infrastructure, okay.
• 4:38
  Speaker 4: And so the reason why we've chosen Ethereum as well
• 4:41
  Speaker 4: is because it is a programmable asset.
• 4:44
  Speaker 3: It's a yield bearing asset. You know, it does provide.
• 4:49
  Speaker 4: It's an infraplay versus just a kind of you know,
• 4:53
  Speaker 4: price go up play, right, So there is a reason
• 4:56
  Speaker 4: why we've chosen that as well.
• 4:58
  Speaker 3: And we do think that these types of platforms really allow.
• 5:02
  Speaker 4: Retail investors to come in and really bet on not
• 5:06
  Speaker 4: just on an asset, but on the management and the
• 5:08
  Speaker 4: future of on chain economy.
• 5:09
  Speaker 3: And that's part of the reason why we also.
• 5:11
  Speaker 4: Chose in Etheroereum is because we actually do believe on
• 5:14
  Speaker 4: that on chain economy and kind of build out that's
• 5:17
  Speaker 4: going to happen in that space.
• 5:19
  Speaker 1: You know, in looking at your site, you guys can
• 5:21
  Speaker 1: are a little bit learn a little bit about FGX.
• 5:24
  Speaker 1: It's just go to Fgenexus dot io. But you've got
• 5:26
  Speaker 1: your partners listed there. Obviously, this isn't necessarily everybody that's involved,
• 5:30
  Speaker 1: because Citadels involved in this DCGs there First of all,
• 5:34
  Speaker 1: who else is backing this?
• 5:36
  Speaker 3: Yeah, so what you see on our website, those are partners, right.
• 5:40
  Speaker 4: We have a Galaxy as our treasury management, right, and
• 5:43
  Speaker 4: then we have Anchorage and Bitgo and our custody Crack
• 5:46
  Speaker 4: and also and so we have many investors right as
• 5:49
  Speaker 4: you mentioned points seventy two Citadel.
• 5:53
  Speaker 3: DCG, and we've.
• 5:54
  Speaker 4: Got loads of traditional investors who maybe one thing that
• 5:59
  Speaker 4: is important to mention. When we started to raise, Paul,
• 6:03
  Speaker 4: it was in July. There were ten other eight companies
• 6:07
  Speaker 4: that were trying to raise and go to market and
• 6:09
  Speaker 4: none of them are in the market now, and so I.
• 6:13
  Speaker 3: Think again we named the.
• 6:15
  Speaker 4: Company f G Nexus because it is a nexus of
• 6:17
  Speaker 4: trad fi and of deep crypto, right with my background
• 6:21
  Speaker 4: in crypto since twenty ten and deep involvement at GE
• 6:24
  Speaker 4: of launching a first trade finance deal and ethereum between
• 6:26
  Speaker 4: JP Morgan and GE.
• 6:27
  Speaker 3: And then on the other.
• 6:28
  Speaker 4: Side, Kyle who has been who worked for Port seventy
• 6:32
  Speaker 4: two for a long time and Tier Price and has
• 6:35
  Speaker 4: a deep experience as an operator. Plus our advisor, who's
• 6:38
  Speaker 4: Joe Moglia who was a chairman and CEO of a
• 6:41
  Speaker 4: TV ror trade, right, and so that's a nexus of
• 6:44
  Speaker 4: combination of people that is also very different than from
• 6:48
  Speaker 4: other dats in the space, because other dats are either
• 6:50
  Speaker 4: pure crypto bros.
• 6:52
  Speaker 3: As I say, there are.
• 6:54
  Speaker 4: Trad fi guys who have a hard time kind of
• 6:56
  Speaker 4: you know, looping into crypto. What you really need is
• 7:00
  Speaker 4: combination of two in order to kind of make this
• 7:02
  Speaker 4: a long term success.
• 7:04
  Speaker 1: We've had quite a few of them on the show.
• 7:06
  Speaker 1: I mean, we've had the eight machine on here. You know,
• 7:10
  Speaker 1: you know BTCS has been on here, but right there,
• 7:13
  Speaker 1: you guys are holding the number fourteen slot.
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  Speaker 2: So nice move there.
• 7:17
  Speaker 1: How long before you flip the US government in terms
• 7:19
  Speaker 1: of holdings on it?
• 7:23
  Speaker 3: I like the positivity we I mean, look, our priority.
• 7:26
  Speaker 4: Right now is growing eight per share, So we have
• 7:29
  Speaker 4: a five billion dollar ATM that we're using, and I
• 7:33
  Speaker 4: think that's very interesting. The long term play, you know,
• 7:37
  Speaker 4: really is to also turn this into an operating business,
• 7:41
  Speaker 4: right and participate into organization. So we're exploring some different
• 7:44
  Speaker 4: ways at the moment where right now we are buying
• 7:46
  Speaker 4: eight staking eth exploring some DeFi opportunities too, and so
• 7:51
  Speaker 4: the focus in the next I would say, you know,
• 7:53
  Speaker 4: short term focus is really just on acquiring eth.
• 7:57
  Speaker 2: Well and the spin.
• 7:58
  Speaker 1: I think from a dividend standpoint, this starts to separate
• 8:01
  Speaker 1: you guys from many of many others that when you
• 8:04
  Speaker 1: look at investors that are maybe trying to go in
• 8:06
  Speaker 1: this direction and understand it because it's not always crypto
• 8:09
  Speaker 1: people that are investing in these companies that are making
• 8:11
  Speaker 1: these plays. If you look at just what Tom Lee
• 8:14
  Speaker 1: is doing with bitmin, it's impressive because I think he's
• 8:18
  Speaker 1: starting to draw in a lot of traditional finance for sure.
• 8:21
  Speaker 1: What is the difference between FG and nexus and like
• 8:25
  Speaker 1: what sharplink and bitmine are doing. What would be the
• 8:28
  Speaker 1: thing you're selling position?
• 8:30
  Speaker 4: Yeah, sure, I think there are a couple of differentiators. One,
• 8:32
  Speaker 4: as I mentioned, is the nexus of people that are involved.
• 8:35
  Speaker 4: We're number one all operators. There's nobody here that's here
• 8:39
  Speaker 4: for just one trade. I've been in crypto for last
• 8:42
  Speaker 4: thirteen plus years. You know, I came in because of bitcoin,
• 8:45
  Speaker 4: but I'm staying because of Bitcoin and ethereum and these
• 8:48
  Speaker 4: programmable assets that are really going to change the way
• 8:50
  Speaker 4: we operate and run finance today. So I think number
• 8:53
  Speaker 4: one is our team. Number two is our operational backgrounds.
• 8:57
  Speaker 4: Number three is our long term focus. We actually want
• 9:01
  Speaker 4: to participate in the ecosystem and in tokenization and stable coins.
• 9:06
  Speaker 4: I mean, look, Paul, you know in the next couple
• 9:08
  Speaker 4: of months and in the next year, I mean certainly
• 9:12
  Speaker 4: that short of a period of time, you will start
• 9:14
  Speaker 4: to see a lot of corporate treasuries come out and
• 9:17
  Speaker 4: you know, launch their own blockchains, launch their own stable coins.
• 9:20
  Speaker 3: Try to get yield on that, right, that's.
• 9:23
  Speaker 4: The name of the game, right, because this technology has
• 9:25
  Speaker 4: been able to unlock some incredible ways that people can
• 9:29
  Speaker 4: you know, decentralize and can can earn revenue. So I
• 9:34
  Speaker 4: think we are really well positioned because we're all builders
• 9:37
  Speaker 4: and we come from a kind of a builder mentality,
• 9:41
  Speaker 4: very global mindset. You know, Miami's a sixteenth place in
• 9:45
  Speaker 4: the world. I live in I operated in emerging markets
• 9:47
  Speaker 4: for over eight years understanding how money moves. I started
• 9:51
  Speaker 4: immobile payments in Africa and Latime, and so I think
• 9:54
  Speaker 4: this is just a natural progression.
• 9:56
  Speaker 3: And so for us, if we believe in.
• 9:58
  Speaker 4: On chain economy, then you know, this is a long
• 10:01
  Speaker 4: term opportunity. And plus having a vehicle like this that
• 10:05
  Speaker 4: we do, which is which is a publicly traded vehicle.
• 10:08
  Speaker 4: It's a huge opportunity because think about how many crypto
• 10:10
  Speaker 4: companies want to go public, right, and this becomes a
• 10:14
  Speaker 4: vehicle through which you can acquire some of those assets.
• 10:17
  Speaker 1: What are you guys using for you know, staking and
• 10:20
  Speaker 1: earning yield.
• 10:22
  Speaker 3: Yeah, So our partners on that are Anchorage and Bitcom.
• 10:25
  Speaker 3: That's we've chosen that in the beginning.
• 10:28
  Speaker 4: We're not doing any of that on our own, so
• 10:30
  Speaker 4: we Encorage and our partners at the moment. We will
• 10:35
  Speaker 4: obviously expand that to other partnerships once we expand our
• 10:38
  Speaker 4: holdings too, but we are starting with staking only because
• 10:43
  Speaker 4: remember right, crypto is still very nascent in the sense
• 10:47
  Speaker 4: that there's a lot of smart contract risk and the.
• 10:49
  Speaker 3: Higher and yield you go, the more risky it is.
• 10:53
  Speaker 2: Sure.
• 10:54
  Speaker 4: Yeah, And because we are a publicly traded company, everything
• 10:56
  Speaker 4: is public, everything is reported to sec we you know,
• 11:00
  Speaker 4: we are looked at under a loop. So we have
• 11:02
  Speaker 4: to be really careful of how we explore the next
• 11:04
  Speaker 4: opportunities in this in.
• 11:06
  Speaker 1: Terms of paying out dividends, because I know Charles with BTCS,
• 11:10
  Speaker 1: they did a little bit of a payback so to speak.
• 11:15
  Speaker 1: If you were holding shares, how does it work with
• 11:18
  Speaker 1: what FG nexus is doing around the dividend payouts.
• 11:21
  Speaker 4: It does get interesting around our perpetual preferred and maybe
• 11:24
  Speaker 4: I can answer that question. You know, traditionally, if you
• 11:27
  Speaker 4: hold preferred shares, right, dividends are processed through layers of
• 11:32
  Speaker 4: transfer agents, clearing houses, custodians.
• 11:35
  Speaker 3: Right, It's slow, messy, definitely not.
• 11:38
  Speaker 4: Real time, right, And so what we're doing is tokenizing
• 11:42
  Speaker 4: those preferred shares on ethereum, and that means that dividends
• 11:45
  Speaker 4: are declared, the payout can be you know, streamed directly
• 11:48
  Speaker 4: to the holder's wallet, essentially automatically on chain to whitelisted investors.
• 11:54
  Speaker 4: So in the same kind of legal dividends, same rights,
• 11:57
  Speaker 4: just delivered through a blockchain rails instead of legacy intermediaries.
• 12:01
  Speaker 4: But that's the only thing at the moment that we
• 12:03
  Speaker 4: can discuss in terms of.
• 12:05
  Speaker 1: Mart divisis no I want to revisit maya back to
• 12:08
  Speaker 1: the idea of KYC versus non KYC. So this is
• 12:12
  Speaker 1: kind of the framework that's being looked at out there
• 12:15
  Speaker 1: right now. And this is the example I was given
• 12:17
  Speaker 1: you earlier on xdo's non KYC Noel Gardens. This is
• 12:21
  Speaker 1: kind of what's happening. I think maybe around next generation investors.
• 12:26
  Speaker 2: Versus where we will see.
• 12:28
  Speaker 1: Traditional finance investors move to I'm just kind of curious
• 12:31
  Speaker 1: when you look at those two do you think that's
• 12:34
  Speaker 1: two separate markets or do you think they could start
• 12:36
  Speaker 1: to kind of blend.
• 12:38
  Speaker 3: I love it.
• 12:39
  Speaker 4: That's such a crypto native question, and I can tell
• 12:42
  Speaker 4: that you've been doing this for a while. Look, if
• 12:45
  Speaker 4: you ask a traditional and hardcore crypto person, they would.
• 12:48
  Speaker 3: Probably tell you no KYC, right, yeah, yeah.
• 12:53
  Speaker 4: I think being realistic in the world that we live in,
• 12:55
  Speaker 4: I think it's a blend. It's not a you know,
• 12:58
  Speaker 4: it's going towards a blend, not a kind of a separation.
• 13:02
  Speaker 4: I think traditional finance isn't just going to disappear. It
• 13:05
  Speaker 4: is evolving, so, you know, I do think that you
• 13:09
  Speaker 4: will need to have k y C and a lot.
• 13:11
  Speaker 3: Of instances that won't just go away.
• 13:13
  Speaker 4: I do think, though, to your point, you will have
• 13:16
  Speaker 4: two separate worlds. You will have a crypto which you
• 13:19
  Speaker 4: have till now right, you have a full on crypto
• 13:23
  Speaker 4: world that runs without k y C, you know, the
• 13:25
  Speaker 4: centralized exchanges and et cetera. And then you have the
• 13:27
  Speaker 4: world of coinbases, right, and that has to operate under
• 13:31
  Speaker 4: certain rules under SEC and other regulatory authorities.
• 13:35
  Speaker 3: Around the world.
• 13:36
  Speaker 4: So I do think that both will exist, but I
• 13:39
  Speaker 4: do think that they will blend in some capacity.
• 13:42
  Speaker 1: Interesting because I think the transition is going to be there.
• 13:46
  Speaker 1: You're right, it's not going to be just a one
• 13:48
  Speaker 1: or the other kind of situation because it's going to
• 13:50
  Speaker 1: take years to kind of get this rolling in.
• 13:52
  Speaker 2: But I'm very intrigued.
• 13:53
  Speaker 1: On which one is going to get the most speed
• 13:56
  Speaker 1: to market, you know, in terms of uptake, especially with
• 13:59
  Speaker 1: new generation investors coming in. If you think about gen
• 14:02
  Speaker 1: Z and younger millennials who are going to start acquiring
• 14:06
  Speaker 1: some wealth here, especially during this bull run, this really
• 14:09
  Speaker 1: may open up some opportunities there for both possibly, you know, I.
• 14:13
  Speaker 3: Would say depends. Imagine if tomorrow Black Croc.
• 14:17
  Speaker 4: Decided to tokenize trillions of dollars of their assets.
• 14:22
  Speaker 3: I mean, do you think that will be without KYC No, Right,
• 14:26
  Speaker 3: So depends, Right, if you if you.
• 14:28
  Speaker 4: Have a massive player in traditional finance that has a
• 14:31
  Speaker 4: lot of assets and it comes into a market, that
• 14:33
  Speaker 4: will probably run a little bit more traditional, right, it
• 14:36
  Speaker 4: will require Now the rest I think you're absolutely right
• 14:41
  Speaker 4: in the traditional crypto markets in retail. I think that
• 14:44
  Speaker 4: will run much faster, but it would it would not.
• 14:47
  Speaker 4: You know, it will still require large amounts of volume
• 14:49
  Speaker 4: because remember crypto still needs a lot liquidity, and liquidity
• 14:53
  Speaker 4: comes from institutional finance.
• 14:55
  Speaker 1: Yeah, for sure, no doubt, and that that's I think
• 14:58
  Speaker 1: the strength around it. But and you got to look
• 15:00
  Speaker 1: at the global trade mechanism that's out there within. You know,
• 15:04
  Speaker 1: even if you go back and look at what's happening
• 15:05
  Speaker 1: with polymarket right now. We just did a show on
• 15:07
  Speaker 1: this where polymoch obviously trading with or now partner with Ice,
• 15:11
  Speaker 1: which is the New York Stock owns the New York
• 15:13
  Speaker 1: Stock Exchange. That starts to change things pretty quickly if
• 15:17
  Speaker 1: they're if we get into a global community around something
• 15:20
  Speaker 1: like that, just on the prediction market side of things,
• 15:22
  Speaker 1: so a lot of opportunity. What about S and P
• 15:25
  Speaker 1: five hundred companies and them putting assets digital assets, ether
• 15:31
  Speaker 1: or bitcoin on their balance sheet. We're starting to see
• 15:34
  Speaker 1: more companies going in this direction. What do you think
• 15:37
  Speaker 1: they're going to choose a McDonald's, a Microsoft, an Apple?
• 15:41
  Speaker 2: Would they would they go ether? Bitcoin?
• 15:44
  Speaker 3: I think they'll go bitcoin.
• 15:45
  Speaker 2: Why haven't we seen that happen yet?
• 15:47
  Speaker 3: I think you're starting to slowly see it happen.
• 15:50
  Speaker 2: So all time, Hi, what are we going to buy?
• 15:53
  Speaker 3: The Top by the Canary? You and I were doing
• 15:56
  Speaker 3: the show. It's back at one twenty.
• 15:57
  Speaker 4: I think by the way, markets have come down significantly,
• 16:01
  Speaker 4: I think since this morning. But I think, look, Paul,
• 16:06
  Speaker 4: I think you and I can agree on something. People
• 16:08
  Speaker 4: like you and I are very impatient. We've been in
• 16:10
  Speaker 4: crypto for a while and we wont things yesterday. So look,
• 16:14
  Speaker 4: I think things are going to happen. It takes a while,
• 16:16
  Speaker 4: right we You know, I have real conversations with family
• 16:19
  Speaker 4: offices and CEOs and company.
• 16:21
  Speaker 2: Yeah, for sure.
• 16:22
  Speaker 4: One question that I get all the time is why
• 16:24
  Speaker 4: would I own an asset I don't even know.
• 16:26
  Speaker 3: Who created it?
• 16:28
  Speaker 4: That's I have to start there, right, you know, I
• 16:32
  Speaker 4: have to start and answering a question of who created
• 16:34
  Speaker 4: bitcoin and why and why should we own it?
• 16:36
  Speaker 3: Even though we don't know the answer to that question.
• 16:40
  Speaker 4: And so remember that's that's quite a quite a lift, right,
• 16:44
  Speaker 4: So I think a lot of people I.
• 16:46
  Speaker 1: Remember those I remember those questions and those answers in
• 16:49
  Speaker 1: the early days of the internet. Why would I own
• 16:52
  Speaker 1: an asset that you know as a pet rock. Yes,
• 16:54
  Speaker 1: we had the conversations with you know people, but we.
• 16:57
  Speaker 3: Still have them.
• 16:58
  Speaker 4: To your point, we still have them, So people are
• 17:00
  Speaker 4: you know, thinking about However, I don't know if you've
• 17:02
  Speaker 4: noticed what happened in the last couple of days with
• 17:04
  Speaker 4: government shut down.
• 17:06
  Speaker 3: The basically bitcoin and gold have gone up, right, these
• 17:09
  Speaker 3: hardcore assets have gone up right. And I'm not sure.
• 17:12
  Speaker 4: It's not specifically because government was shut down and that's
• 17:15
  Speaker 4: the reason why everything you know searched. But I do
• 17:18
  Speaker 4: think it's a combination of things, right, It's it's really
• 17:21
  Speaker 4: people losing kind of faith in the government. And really
• 17:25
  Speaker 4: US dollar has gone down eleven percent this year. That's
• 17:28
  Speaker 4: that's not a small amount.
• 17:30
  Speaker 1: I think that you've got such a framework right now,
• 17:33
  Speaker 1: setting up regulatory framework is coming into play. The markets,
• 17:38
  Speaker 1: of course themselves, have started to create a lot of frauth.
• 17:41
  Speaker 1: Whether you look at gold, the s and P five hundred,
• 17:44
  Speaker 1: where bitcoin is and the opportunity even with if you
• 17:47
  Speaker 1: look at silver, the opportunity. I think now a lot
• 17:49
  Speaker 1: of companies on the sidelines are thinking, I'm holding dollars
• 17:52
  Speaker 1: over here in my treasury and I'm losing all this
• 17:55
  Speaker 1: opportunity as my dollars debase, So that is my real question.
• 17:59
  Speaker 1: Even though the are opportunities to invest in companies like
• 18:02
  Speaker 1: yourself where you can kind of leverage against that. So
• 18:05
  Speaker 1: there are some benefits that Let's talk about the potential.
• 18:09
  Speaker 1: You know, obviously your background with GE and integrating blockchain,
• 18:14
  Speaker 1: especially if you look at supply chain, you look at provenance,
• 18:18
  Speaker 1: the potential. That was where I first started in crypto,
• 18:22
  Speaker 1: was learning about crypto and the early days of how supply.
• 18:26
  Speaker 2: Chain was going to be utilized.
• 18:27
  Speaker 1: And when I first looked at it, that was where
• 18:29
  Speaker 1: I had the most skepticism of the use case because
• 18:33
  Speaker 1: it was way way back in terms of what we've
• 18:36
  Speaker 1: seen now in terms of smart contract development. But do
• 18:39
  Speaker 1: you think we'll see companies like GE someone like that,
• 18:43
  Speaker 1: or maybe McDonald's hold Ethereum or start to put more
• 18:47
  Speaker 1: of their own infrastructure on blockchain.
• 18:51
  Speaker 3: Yeah? Absolutely, I think.
• 18:53
  Speaker 4: Funny you mentioned supply chain early days at GE. You know,
• 18:57
  Speaker 4: I had companies who were building that who came to
• 18:59
  Speaker 4: me as we were disrupting block supply chain with blockchain,
• 19:03
  Speaker 4: and to me, that was the that was the worst. Yeah,
• 19:06
  Speaker 4: I remember IBM launching mangos on blockchain, right, remember that, well,
• 19:11
  Speaker 4: I it was to me it was complete BS.
• 19:13
  Speaker 3: To be very honest, it was, yes, exactly, this is.
• 19:16
  Speaker 4: This is crazy. This is not how you use these things.
• 19:19
  Speaker 4: Number one use case for me at GE when I
• 19:22
  Speaker 4: went to present, because I brought Joe Lubin into GE early.
• 19:25
  Speaker 3: Days, was.
• 19:28
  Speaker 4: Data analytics and predictive analytics. It was the IoT. That's
• 19:33
  Speaker 4: where you had AI agents and machine learning combined with blockchain.
• 19:36
  Speaker 3: Right, and this is twenty sixteen, twenty seventeen, we.
• 19:38
  Speaker 4: Talked about it, right, that's where the real use cases
• 19:41
  Speaker 4: are and that the companies are already doing right because
• 19:44
  Speaker 4: remember industrials were earliest in machine learning and AI. They've
• 19:48
  Speaker 4: been doing AI machine learning for the last twenty twenty
• 19:50
  Speaker 4: five years when it wasn't a really sexy conversation. So
• 19:54
  Speaker 4: I also had an idea to use the actual electricity
• 19:59
  Speaker 4: from airline because when GE produces turbines they have to
• 20:03
  Speaker 4: spin them for a liability reasons. They produce one hundred
• 20:06
  Speaker 4: and twenty megawatts of electricity and I wanted to use
• 20:08
  Speaker 4: that electricity off taket in my bitcoin right, but it
• 20:12
  Speaker 4: wasn't allowed to do that because bitcoin was used for.
• 20:16
  Speaker 3: Porn and drugs, and therefore I could do it really
• 20:18
  Speaker 3: early days.
• 20:19
  Speaker 4: So I think, look, the companies will start to a
• 20:23
  Speaker 4: lot of companies these days have a little pilots on
• 20:26
  Speaker 4: the side, and so they will start to use ethereum
• 20:29
  Speaker 4: or other l ones to try to test the real
• 20:32
  Speaker 4: use cases. Absolutely, and I think that this is exactly
• 20:34
  Speaker 4: what they should be doing.
• 20:35
  Speaker 2: Well.
• 20:36
  Speaker 1: I think we're going to start to see it. It's
• 20:38
  Speaker 1: going to make its way into mainstream business, especially in
• 20:42
  Speaker 1: understanding how these markets play out. My last question for you, Maya,
• 20:45
  Speaker 1: is this when you look at the market of token
• 20:48
  Speaker 1: IS securities and you look at stable coins. All right,
• 20:52
  Speaker 1: so consider the growth of l Two's the potential here
• 20:56
  Speaker 1: for both those two markets, stable coin versus token I security.
• 20:59
  Speaker 2: Which one do you think is going to be?
• 21:01
  Speaker 3: Good question? And a tricky one depends on the timeframe.
• 21:06
  Speaker 1: Let's give it the five year window. That's a reasonable
• 21:09
  Speaker 1: window I think for those stable coins.
• 21:11
  Speaker 4: So, look, stable coins are already huge and growing fast.
• 21:15
  Speaker 4: We know that, right, we're talking close to what three
• 21:17
  Speaker 4: hundred billion in circulation today approximately. Okay, they're moving, they're
• 21:24
  Speaker 4: moving trillions of dollars annually. Okay, especially through emerging markets
• 21:27
  Speaker 4: and crypto rails.
• 21:28
  Speaker 3: That's that's a fact.
• 21:29
  Speaker 4: Now token is securities are just starting, but that's where
• 21:33
  Speaker 4: the deep capital polls are.
• 21:35
  Speaker 3: I think that equity treasuries funds.
• 21:39
  Speaker 4: The black token ice Treasury fund is already past one
• 21:43
  Speaker 4: billion on ethereum, and dtcc's project ion is processing I
• 21:47
  Speaker 4: think over one hundred thousand transactions a day on DLT.
• 21:51
  Speaker 4: So over time in the next five years, I could
• 21:54
  Speaker 4: see potentially that equities, bonds, and funds move on chain
• 21:58
  Speaker 4: much more, and that this kind of market goes into trillions.
• 22:02
  Speaker 2: You know.
• 22:02
  Speaker 3: Think of it this way.
• 22:03
  Speaker 4: Stable coins are the rails and token I securities are
• 22:07
  Speaker 4: the trains.
• 22:07
  Speaker 3: That's the way I would think about it.
• 22:09
  Speaker 1: So you then I'm in agreement with you on this
• 22:13
  Speaker 1: when I feel out token I securities are the bigger play,
• 22:16
  Speaker 1: just because the acceleration mode, and also I think, you know,
• 22:20
  Speaker 1: Wall Street is catching up, you know, versus the problem
• 22:24
  Speaker 1: that you're going to have with the banking system.
• 22:26
  Speaker 2: Now.
• 22:26
  Speaker 1: Granted, if the banks start to embrace stable coins and
• 22:29
  Speaker 1: we start seeing banks printing stable coins left and right,
• 22:33
  Speaker 1: maybe I would would consider it. But I just know
• 22:35
  Speaker 1: how slow the banks are moving, and I'm watching the
• 22:37
  Speaker 1: speed in which black Rock JP Morgan, you know, the
• 22:41
  Speaker 1: likes of Securities and others are moving, So I'm kind
• 22:44
  Speaker 1: of in agreement with you. I think Token I Security
• 22:46
  Speaker 1: is going to make it as the winner here, Maya.
• 22:49
  Speaker 1: It's been great having you on. Thank you so much
• 22:51
  Speaker 1: for coming in today. We appreciate it.
• 22:53
  Speaker 3: Thanks so much for having me on.
• 22:55
  Speaker 1: All right, guys, make sure and get in on the
• 22:58
  Speaker 1: Diamond Circle. That is our private group that you guys
• 23:00
  Speaker 1: can join for absolutely free. It is an email that
• 23:03
  Speaker 1: comes out to you. Basically, I give a rundown on
• 23:05
  Speaker 1: the markets. Sometimes I'm looking at certain projects. You'll get
• 23:08
  Speaker 1: inside my brain, so in my team's brain to kind
• 23:12
  Speaker 1: of understand where these markets are going. Because it's starting
• 23:14
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• 23:16
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• 23:19
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• 23:20
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