Latest / The Paul Barron Crypto Show / Tokenized Assets Timeline🚀XRP Las Vegas🚨Uphold CEO INTERVIEW

Transcript

Tokenized Assets Timeline🚀XRP Las Vegas🚨Uphold CEO INTERVIEW · The Paul Barron Crypto Show

• 0:06
  Speaker 1: You guys are going to get a special treat today
• 0:07
  Speaker 1: because we're going to talk to one of the big
• 0:09
  Speaker 1: guys over at Uphold. That's the mister sim Michel's park one,
• 0:12
  Speaker 1: who's the CEO.
• 0:13
  Speaker 2: How are you great?
• 0:14
  Speaker 3: Nice to meet you.
• 0:15
  Speaker 1: Yeah, Simon, give me a breakdown on where you guys
• 0:17
  Speaker 1: are going right now.
• 0:19
  Speaker 3: I think increasingly we're positioning ourselves as an infrastructure platform.
• 0:23
  Speaker 3: What's happened in the last six months is truly extraordinary.
• 0:26
  Speaker 3: We've seen governments finally wake up to the fact that
• 0:29
  Speaker 3: blockchain is a revolution in computer science and the discussion,
• 0:33
  Speaker 3: which has been very gratifying for us as a business.
• 0:36
  Speaker 3: What we're seeing is traditional finance companies, banks, payment companies,
• 0:42
  Speaker 3: hayroll firms are coming to us and saying, yeah, oh wow,
• 0:47
  Speaker 3: this isn't just a sandbox experiment. We need to plug
• 0:50
  Speaker 3: into this. So we're developing our own platform API so
• 0:54
  Speaker 3: you can plug in get to market in three to
• 0:56
  Speaker 3: six months. We've just gone live with a banking jerk
• 1:00
  Speaker 3: serving high net worth individuals and ig Index in the UK.
• 1:07
  Speaker 3: Big Broke platform has just gone live with us. Revolute
• 1:10
  Speaker 3: is about to use us for liquidity.
• 1:12
  Speaker 2: Okay, very yeah.
• 1:13
  Speaker 1: One of the largest neo banks in Europe, so that's
• 1:15
  Speaker 1: huge when you look at how uphold this position in
• 1:19
  Speaker 1: the market right now, what would you say are your
• 1:21
  Speaker 1: next biggest opportunities.
• 1:24
  Speaker 3: I think the tokenization of traditionally hard to reach asset
• 1:27
  Speaker 3: classes first, to look three to five years ahead, I
• 1:30
  Speaker 3: think the tokenization of something like private credit, which is
• 1:35
  Speaker 3: very interesting. Asset class hard to access, and the spirit
• 1:39
  Speaker 3: of blockchain is about opening up access to traditionally hard
• 1:44
  Speaker 3: to reach asset classes of making them tradeable. Twenty four
• 1:47
  Speaker 3: to seven. There are many more examples of that. What
• 1:50
  Speaker 3: needs to come for tokenization to take off is what
• 1:53
  Speaker 3: I would call the phase three of regulation. A lot
• 1:56
  Speaker 3: of the rags aren't in place yet to make that
• 1:58
  Speaker 3: a reality, but the technology benefits to opening up those
• 2:01
  Speaker 3: asset classes.
• 2:03
  Speaker 4: Well, I mean you had the chair, all right, the
• 2:06
  Speaker 4: acting chair, I guess hester Pierce talk about this today
• 2:11
  Speaker 4: or this week, and what we're seeing is a lot
• 2:13
  Speaker 4: more loosening on the SEC which will most likely give
• 2:16
  Speaker 4: guidance into some of the other organizations worldwide.
• 2:20
  Speaker 1: How quick do you think that will happen.
• 2:22
  Speaker 3: I think it'll I think what we've seen over the
• 2:25
  Speaker 3: past six months is how quickly the climate changes, and
• 2:31
  Speaker 3: who would have thought back in September last year that
• 2:34
  Speaker 3: you'd have had a US government now openly pro compared
• 2:39
  Speaker 3: with I mean, there were certain aspects of crypto activity
• 2:41
  Speaker 3: in the United States even last year you didn't even
• 2:43
  Speaker 3: if they were legal.
• 2:44
  Speaker 1: Crazy.
• 2:45
  Speaker 3: They're trying to plan for a business virtually impossible, and
• 2:48
  Speaker 3: so I think regulatory clarity sanctified the space. People realize
• 2:54
  Speaker 3: this is no longer an experimental sandbox. It's a vital
• 2:57
  Speaker 3: technology upgrade.
• 2:59
  Speaker 1: I think that's the thing when you look at these
• 3:01
  Speaker 1: transitions and technology now, what is a new finance architecture.
• 3:06
  Speaker 2: The opportunity is so massive, and the amount of companies
• 3:10
  Speaker 2: like Uphold and others that have really started to position well,
• 3:14
  Speaker 2: I think, for really some accelerated growth, this.
• 3:17
  Speaker 1: Could become a pretty big market for you guys very quickly.
• 3:20
  Speaker 1: So congrats on everything you're doing.
• 3:22
  Speaker 3: No, very very very excited about it. Thank you so
• 3:24
  Speaker 3: much for having me on.
• 3:25
  Speaker 1: Great Thank you Simon