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Nathan McCauley: Tokenized Deposits Are The Real Trojan Horse For Banks (Insider Take)

Nathan McCauley says most banks don't actually know how much money is in their own accounts until the end of the day, and he explains why tokenized deposits are quietly fixing that. The Anchorage Digital co-founder breaks down why losing the Clarity Act isn't the setback people think, walks through Anchorage's three-part product stack for bringing banks on chain, and lays out who he thinks wins the tokenization supercycle.

Nathan McCauley is Co-Founder of Anchorage Digital, one of the first federally chartered digital asset banks in the United States.

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