Latest / The Paul Barron Crypto Show / Trust The Pump?🚀iTrustCapital CEO Kevin Maloney📈INTERVIEW

Transcript

Trust The Pump?🚀iTrustCapital CEO Kevin Maloney📈INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Can you trust the pump?
• 0:01
  Speaker 2: The market is starting to move and today we'll break
• 0:04
  Speaker 2: it down with you with one of our top channel
• 0:05
  Speaker 2: partners and just dive into it. I want to start
• 0:08
  Speaker 2: off first with a clip because this will get you
• 0:11
  Speaker 2: into the frame of where this market currently is. Take
• 0:15
  Speaker 2: a look.
• 0:16
  Speaker 1: Is the crypto winter over? We believe so. Last week
• 0:20
  Speaker 1: was really interesting.
• 0:21
  Speaker 3: We had two events that in theory should have taken
• 0:24
  Speaker 3: Bitcoin down. We had the Fed hike, the first one
• 0:27
  Speaker 3: since 2023. And we had the failure of passing the
• 0:31
  Speaker 3: Clarity Act and the initial reaction was going down a bit.
• 0:36
  Speaker 3: It just went to 75, 77K and then went straight
• 0:39
  Speaker 3: back up. If we can close the week above 85,
• 0:43
  Speaker 3: I think we are in a good position.
• 0:45
  Speaker 4: How should retail investors think about institutional adoption?
• 0:50
  Speaker 1: It's positive.
• 0:51
  Speaker 3: It brings a steady hand to the asset. And if
• 0:55
  Speaker 3: you put it alongside a diversified portfolio, the adoption tends
• 1:00
  Speaker 3: to come in waves. So Bitcoin spends most of its
• 1:02
  Speaker 3: time doing either nothing or losing a little bit of money.
• 1:06
  Speaker 3: And then in a short amount of time, you get
• 1:08
  Speaker 3: this burst of returns. And that is very positive for
• 1:13
  Speaker 3: a portfolio.
• 1:15
  Speaker 1: All right.
• 1:16
  Speaker 2: So what you can see there is a TradFi that
• 1:18
  Speaker 2: is starting to look at the crypto markets. That was
• 1:20
  Speaker 2: Schwab reporting on where this is heading. I wanted to
• 1:23
  Speaker 2: bring in Kevin Maloney of iTrust Capital to kind of
• 1:26
  Speaker 2: talk about this because he gets a chance to see
• 1:29
  Speaker 2: where these trends are heading. So, Kevin, how are you?
• 1:32
  Speaker 1: Doing great, Paul. Thanks for having us back.
• 1:34
  Speaker 3: You bet.
• 1:35
  Speaker 2: So a lot to talk about. We're going to talk
• 1:37
  Speaker 2: about some announcements you guys have. But before we get
• 1:39
  Speaker 2: into that, there are some interesting things going on right now.
• 1:43
  Speaker 2: One of them that occurred that I think Some people
• 1:46
  Speaker 2: might look at this and say, hey, this is kind
• 1:47
  Speaker 2: of bullish. We now have timeline trading within X. This
• 1:52
  Speaker 2: most likely will open it up to X traders out there.
• 1:54
  Speaker 2: I think crypto X in general is probably one of
• 1:57
  Speaker 2: the bigger places. But cash tags do launch. This is
• 2:00
  Speaker 2: a big thing. When you're in the current state of
• 2:03
  Speaker 2: the market, do you feel like you can trust this
• 2:07
  Speaker 2: pump as it is right now? Do you feel like, OK,
• 2:09
  Speaker 2: the bottom is in. We're trusting this pump right now
• 2:12
  Speaker 2: as we see these things happen in front of us?
• 2:15
  Speaker 1: Yeah, I mean, the sentiment certainly changed, Paul.
• 2:17
  Speaker 4: We're seeing a lot of cash that was on the
• 2:19
  Speaker 4: sidelines go to work this last two weeks. We've seen
• 2:23
  Speaker 4: tens and tens of millions of dollars go to work
• 2:25
  Speaker 4: from retail investors.
• 2:26
  Speaker 1: I think people are excited.
• 2:27
  Speaker 4: While the Clarity Act was a bit of a disappointment
• 2:30
  Speaker 4: from a TradFi perspective, it doesn't change the underlying sentiment
• 2:34
  Speaker 4: in the market.
• 2:35
  Speaker 1: Bitcoin doesn't need Clarity Act.
• 2:37
  Speaker 4: And as we saw two indicators, the Clarity Act getting
• 2:40
  Speaker 4: shot down during the Senate cloture session. And the rates
• 2:44
  Speaker 4: going up the next day, 25 basis points, didn't affect
• 2:47
  Speaker 4: the price, holding steady above 85. Money's going back into
• 2:51
  Speaker 4: the market. The sentiment certainly changed. All right.
• 2:55
  Speaker 2: So sentiment changing and maybe another factor, if you just
• 2:59
  Speaker 2: look at the deal that was announced with Circle and
• 3:02
  Speaker 2: Binance today, this shows a lot of faith in the
• 3:06
  Speaker 2: general market. But I think it also could be pairing
• 3:09
  Speaker 2: two of the global players in Binance. kind of bringing
• 3:13
  Speaker 2: the market forward. So you look at investors now just
• 3:16
  Speaker 2: taking a look at this in the sense of what
• 3:18
  Speaker 2: finance is gonna have in terms of pairs. And then
• 3:21
  Speaker 2: of course, Circle doing so much in the way of
• 3:24
  Speaker 2: really USDC and stable coin adoption. I think this is
• 3:28
  Speaker 2: a big, hopefully a big indicator that we continue to
• 3:31
  Speaker 2: see movement here.
• 3:33
  Speaker 1: And if you take a look at where.
• 3:34
  Speaker 2: We're talking in terms about stocks and ETFs, this of
• 3:38
  Speaker 2: course has also been flying. You guys put out this
• 3:41
  Speaker 2: right here. Can you explain a little bit about this
• 3:44
  Speaker 2: for me?
• 3:46
  Speaker 1: As far as the stocks and ETFs offering?
• 3:48
  Speaker 4: Yes.
• 3:49
  Speaker 1: Yeah.
• 3:50
  Speaker 4: I mean, during the bit of the crypto winter, we
• 3:52
  Speaker 4: saw people chasing yield and we saw people chasing traditional assets,
• 3:56
  Speaker 4: our retail investors. And we serve over 100,000 high net
• 3:59
  Speaker 4: worth clients across America, working professionals, guys like you and I,
• 4:03
  Speaker 4: 40 to 60 that aren't market experts. They're not, you know,
• 4:10
  Speaker 4: experts at trading volatility experts. And they wanted yield and
• 4:13
  Speaker 4: they wanted traditional exposure. So we offered stocks and ETFs
• 4:16
  Speaker 4: and it's been tremendous for us. Our goal here is
• 4:20
  Speaker 4: to make sure that we have less reasons for people
• 4:23
  Speaker 4: to leave. So we have a really secure platform, right?
• 4:25
  Speaker 4: Closed loop system. We give people diversification of stocks, ETFs,
• 4:30
  Speaker 4: precious metals, and crypto. And we give them phenomenal five-star service.
• 4:37
  Speaker 4: And those are the things we're going to keep focusing on.
• 4:39
  Speaker 4: We don't have to invent new things. to get people
• 4:43
  Speaker 4: to come up with gimmicky things. We're going to keep
• 4:45
  Speaker 4: delivering security, diversification and service and give people no reason
• 4:50
  Speaker 4: to leave.
• 4:51
  Speaker 1: And we can be the mini sort.
• 4:53
  Speaker 4: Of everything app. And while Clarity Act didn't pass, I
• 4:57
  Speaker 4: still believe the retail investors win. Circle is getting better
• 5:00
  Speaker 4: distribution on USDC. The retail investors are getting higher yield
• 5:05
  Speaker 4: than a bank.
• 5:06
  Speaker 1: Banks lose, retail investors are winning.
• 5:09
  Speaker 2: Yeah, I think the fact that we're seeing so much
• 5:11
  Speaker 2: of that, you mentioned clarity. I'll just jump over to
• 5:14
  Speaker 2: Polymarker right here. It looks like it's pretty much toast
• 5:17
  Speaker 2: in terms of the possibility of actually getting through any
• 5:21
  Speaker 2: kind of Congress, even post-midterms. Kevin, when you look at
• 5:25
  Speaker 2: clarity not going through, what kind of result did that
• 5:29
  Speaker 2: resolve within the iTrust community? Was that like, okay, well,
• 5:33
  Speaker 2: we actually have clarity now because now we're getting SEC
• 5:36
  Speaker 2: and CFTC guidance.
• 5:38
  Speaker 1: Was there inflow? Yeah, I mean, it didn't really affect us.
• 5:42
  Speaker 1: And our platform is not red or blue. It's red, white,
• 5:46
  Speaker 1: and blue.
• 5:46
  Speaker 4: We have to perform and deliver shareholder value and create
• 5:49
  Speaker 4: profits and be stable for everybody across the board. We
• 5:53
  Speaker 4: wanted aspects of clarity to come through so that traditional
• 5:57
  Speaker 4: finance institutions could feel more comfortable coming in and offering
• 6:01
  Speaker 4: the masses access to crypto.
• 6:03
  Speaker 1: And that didn't happen. But at the end of the day,
• 6:06
  Speaker 1: our clients are winning.
• 6:08
  Speaker 4: The institutions and retirement capital are still allocating. Everyday investors
• 6:12
  Speaker 4: are allocating. The market is telling us the demand for
• 6:15
  Speaker 4: digital assets now is bigger than ever and bigger than
• 6:18
  Speaker 4: any single bill.
• 6:20
  Speaker 1: So we're really excited about that.
• 6:22
  Speaker 4: I think the takeaway here is that policy delay isn't
• 6:28
  Speaker 4: product delay.
• 6:29
  Speaker 1: We're still innovating.
• 6:31
  Speaker 4: We're still offering products and services that benefit the retail masses,
• 6:34
  Speaker 4: the working professionals. And the banks will catch on. They're
• 6:38
  Speaker 4: going to get the CFTC. There's congruency with the CFTC, FDIC, SEC.
• 6:44
  Speaker 4: FINRA is going to come around. And we're seeing more
• 6:46
  Speaker 4: congruency now than ever. That was sort of the regulatory
• 6:49
  Speaker 4: backup that Washington DC mentioned. Hey, if clarity doesn't pass,
• 6:54
  Speaker 4: we still have congruency with the regulators that we control
• 6:56
  Speaker 4: for the next two years. And they're going to operate.
• 6:59
  Speaker 4: in a congruent manner and do the right thing and
• 7:02
  Speaker 4: give clarity based on genius, the genius act, for everybody
• 7:06
  Speaker 4: to participate and compete.
• 7:09
  Speaker 2: So, okay, I want to go back to the stocks
• 7:10
  Speaker 2: and ETFs that are within the platform now. Are these
• 7:14
  Speaker 2: tokenized stocks within the platform itself?
• 7:17
  Speaker 4: No, not yet.
• 7:18
  Speaker 1: We're not an ATS.
• 7:20
  Speaker 4: So, you know, we're working with Apex, a broker dealer
• 7:24
  Speaker 4: registered with FINRA, and the stocks and ETFs are all self-directed.
• 7:28
  Speaker 4: And we, in fact, they're commission free at iTrust Capital.
• 7:31
  Speaker 4: But that was our way of offering traditional asset exposure
• 7:34
  Speaker 4: to the retail investors while there was uncertainty in the
• 7:37
  Speaker 4: crypto markets. And so that was met with a warm reception.
• 7:43
  Speaker 4: And we'll look at tokenized assets over the next year
• 7:46
  Speaker 4: or so as those become more ubiquitous. And we understand
• 7:50
  Speaker 4: sort of the regulatory component.
• 7:52
  Speaker 1: Okay. All right.
• 7:53
  Speaker 2: So was it, do you feel like it was clarity
• 7:55
  Speaker 2: that slowed? if it did slow you down in terms
• 7:58
  Speaker 2: of tokenized stocks? Or is this something that you just
• 8:00
  Speaker 2: want to wait and see how this starts to evolve
• 8:04
  Speaker 2: from a market standpoint?
• 8:06
  Speaker 4: When we see it become more ubiquitous across the board,
• 8:08
  Speaker 4: when we see 23.5 trading with the standard traditional assets
• 8:13
  Speaker 4: and we see these things getting tokenized, we're definitely going
• 8:15
  Speaker 4: to go down that route and offer that to our clients.
• 8:18
  Speaker 4: But right now, people just want an exposure to SpaceX, Microsoft,
• 8:22
  Speaker 4: and NVIDIA in a traditional asset format.
• 8:26
  Speaker 2: All right, so you have a new announcement that says,
• 8:27
  Speaker 2: watching your gains disappear, hit different when your only strategy
• 8:30
  Speaker 2: is hold. It's time for Q coming in September. So
• 8:35
  Speaker 2: it's September. What can you share?
• 8:36
  Speaker 4: Yeah, so we actually launched a Q product we developed yesterday.
• 8:43
  Speaker 4: It's sort of early access, limited capacity, and we're really excited.
• 8:48
  Speaker 4: The backdrop for Q is not because Washington, D.C. handed
• 8:51
  Speaker 4: us a perfect framework, but because you know, retail investors
• 8:56
  Speaker 4: still need a better way to sit in a 24-7
• 8:59
  Speaker 4: market without living off of charts. You know, I'll wake
• 9:03
  Speaker 4: up at three in the morning to let the dog out,
• 9:06
  Speaker 4: and I'll go check my Bitcoin position, but I'm not
• 9:09
  Speaker 4: living up through the night checking every position every day. And,
• 9:14
  Speaker 4: you know, Q was developed for investors like me that
• 9:19
  Speaker 4: aren't absolute experts, that aren't, you know, and wanted to
• 9:26
  Speaker 4: participate in the markets.
• 9:28
  Speaker 1: It's a quantitative market trading tool.
• 9:32
  Speaker 4: It's AI formulated with the human element with certain market
• 9:36
  Speaker 4: signals and triggers that are predefined parameters that will hit
• 9:43
  Speaker 4: when certain things happen in the market. So you can
• 9:46
  Speaker 4: literally be opting into Q for $ 10, 000 or.
• 9:50
  Speaker 2: $ 25, 000.
• 9:50
  Speaker 4: Anything under $ 25, 000 is free each month, no subscription. And
• 9:56
  Speaker 4: the signals include trend volatility, relative strength, moving averages, and
• 10:00
  Speaker 4: cycle indicators. You know, the price of Bitcoin for mining,
• 10:02
  Speaker 4: things like that.
• 10:05
  Speaker 2: So, and this is available to traders or to a
• 10:07
  Speaker 2: select set of traders right now?
• 10:10
  Speaker 4: It's available to anybody right now. We haven't really come
• 10:13
  Speaker 4: out and put a press release out on it. We haven't.
• 10:16
  Speaker 4: This is the first time we're actually talking about it today. Okay.
• 10:19
  Speaker 1: So it's available.
• 10:20
  Speaker 4: We're going to watch it for the next couple of weeks.
• 10:22
  Speaker 4: We'll put a press release out. There'll be a very
• 10:24
  Speaker 4: large concerted marketing effort around TV, radio, things like that
• 10:29
  Speaker 4: just to get some track record going. It's not a fund.
• 10:33
  Speaker 4: This is an opt-in strategy. There's eight different strategies that
• 10:37
  Speaker 4: retail investors can opt into and select on their own.
• 10:41
  Speaker 1: And they can get out. at any time.
• 10:44
  Speaker 4: So it's not a fund with redemption windows where you
• 10:47
  Speaker 4: have to give us a one month heads up or
• 10:49
  Speaker 4: we're charging, you know, two and 20 like a hedge fund.
• 10:51
  Speaker 4: This is a small subscription fee above $ 25, 000 in assets, eight,
• 10:57
  Speaker 4: you know, strategies to choose from, you know, predefined signals.
• 11:01
  Speaker 4: And if they trigger in the marketplace, it'll trade for you.
• 11:04
  Speaker 4: Automatic trading is in these Q strategies.
• 11:07
  Speaker 1: I like it.
• 11:08
  Speaker 2: Hey, I want to go to a clip here because
• 11:10
  Speaker 2: this gets into whether or not investors are trusting this market. This,
• 11:16
  Speaker 2: of course, is Secretary Bassett talking about Kevin Warsh. Let
• 11:20
  Speaker 2: me play this clip.
• 11:21
  Speaker 1: Inflation's been running too high. Maybe you think it's going
• 11:24
  Speaker 1: to come down.
• 11:24
  Speaker 2: Does the president understand what Kevin Warsh had to do?
• 11:29
  Speaker 1: Do you agree with the move?
• 11:30
  Speaker 5: Yeah, I'm not going to talk about whether I agree
• 11:32
  Speaker 5: with it or not, but the I have great confidence
• 11:36
  Speaker 5: in Chair Walsh. More importantly, the president has great confidence
• 11:40
  Speaker 5: in him. And we are sure that he will do
• 11:42
  Speaker 5: the right thing to balance the inflation mandate versus the
• 11:46
  Speaker 5: growth mandate.
• 11:47
  Speaker 1: And we'll see.
• 11:49
  Speaker 5: We will see whether this is a supply shock on
• 11:54
  Speaker 5: the energy side, but thus far, core inflation. And so
• 12:01
  Speaker 5: we haven't seen an uptick in that. Everything is in
• 12:03
  Speaker 5: the headline inflation.
• 12:05
  Speaker 4: All right.
• 12:06
  Speaker 2: So a few points there. One, of course, Warsh raising rates.
• 12:11
  Speaker 2: That was an indicator. You had the SEC, CFTC rolling
• 12:14
  Speaker 2: out after the clarity fail. There's a lot of moving
• 12:17
  Speaker 2: parts in the market right now, and it seems to
• 12:20
  Speaker 2: be responding, Kevin. And I'm looking at right now the
• 12:25
  Speaker 2: Bitcoin ETF tracker. I mean, this thing absolutely skyrocketed. Are
• 12:30
  Speaker 2: you seeing this kind of activity within the iTrust platform
• 12:33
  Speaker 2: where investors are just pulling money back off the sidelines
• 12:37
  Speaker 2: and getting back into action here?
• 12:40
  Speaker 1: Absolutely.
• 12:41
  Speaker 4: Something I mentioned at the beginning of the call, we're seeing,
• 12:43
  Speaker 4: you know, we were sitting on 350 million in cash,
• 12:47
  Speaker 4: investor cash, FBO investor cash, and we're seeing significant portions
• 12:51
  Speaker 4: of that going to work. So as I mentioned earlier,
• 12:54
  Speaker 4: the sentiments have changed. You know, people are already in crypto.
• 12:57
  Speaker 4: There's 20 to 40 million American crypto investors. They believe
• 13:01
  Speaker 4: in it. It's not going away. The Clarity Act doesn't
• 13:04
  Speaker 4: really matter. The banks actually lose, in my opinion. The
• 13:08
  Speaker 4: investors win. And at the end of the day, we
• 13:12
  Speaker 4: launched Q for those that want to participate. They're already in.
• 13:16
  Speaker 4: They just don't want to watch the market 24-7.
• 13:19
  Speaker 2: Is there been a time that you've seen that kind
• 13:22
  Speaker 2: of active assets get back into the market before?
• 13:25
  Speaker 1: Or is this new? This is the most cash we've
• 13:29
  Speaker 1: been sitting on for a while.
• 13:31
  Speaker 4: And significant portions are going back to work. But we
• 13:34
  Speaker 4: are always watching the indicators. We see every day the
• 13:38
  Speaker 4: activity and behavior of 102,000 high net worth individuals. And
• 13:43
  Speaker 4: the masses are going to do what the masses are
• 13:45
  Speaker 4: going to do. And they are participating and allocating.
• 13:48
  Speaker 1: It's very clear.
• 13:50
  Speaker 2: One thing is for sure, we're starting to see movement
• 13:53
  Speaker 2: within institutional capital. You have Bitwise Solana staking ETF now.
• 13:58
  Speaker 2: the world's largest sole ETF. This recorded a new all-time
• 14:01
  Speaker 2: high in AUM, which is massive when you look at
• 14:05
  Speaker 2: the fact that maybe staking is now becoming catnip for institutions.
• 14:11
  Speaker 2: What do you make of this right now?
• 14:15
  Speaker 1: I think staking is an interesting tool. We offer it
• 14:18
  Speaker 1: on two assets.
• 14:19
  Speaker 4: I think it's a way to not leverage or hypothecate
• 14:23
  Speaker 4: your assets and And get some what looks to be
• 14:27
  Speaker 4: pretty reasonable yield. You know, you got to measure five
• 14:30
  Speaker 4: times and cut once and make sure that whoever you're
• 14:33
  Speaker 4: staking with is doing the right thing for your assets.
• 14:36
  Speaker 4: At the end of the day, I think people are
• 14:38
  Speaker 4: really just fatigued by the market. They're tired of the
• 14:41
  Speaker 4: political ecosystem. They're tired of the macroeconomic global instability inputs,
• 14:48
  Speaker 4: you know, endless wars. And they are tired of trying
• 14:52
  Speaker 4: to time the market. We've all been burned at some
• 14:55
  Speaker 4: point in the digital arena, down 50 to 70, 90%
• 14:59
  Speaker 4: in some asset cases multiple times, depending on the cycles
• 15:02
  Speaker 4: and how long you've been in. I think people are fatigued.
• 15:05
  Speaker 4: They're looking for a little bit of stability and a
• 15:08
  Speaker 4: little bit of breath.
• 15:08
  Speaker 2: So do you think that the rotation is now moving?
• 15:12
  Speaker 2: You've got ETH looking very strong against the Russell 2000.
• 15:16
  Speaker 2: So this could be happening right now versus what we're
• 15:19
  Speaker 2: seeing TradFi. Has the rotation started?
• 15:23
  Speaker 1: For crypto? I believe so.
• 15:26
  Speaker 4: I mean, we're seeing significant interest in, you know, large tokens.
• 15:30
  Speaker 4: This is not a recommendation, but obviously Bitcoin, ETH, SOL, LINK,
• 15:34
  Speaker 4: you know, smaller ones like ONDO and SWE. We're seeing
• 15:38
  Speaker 4: a lot of people jump into XLM, NEAR. There's been
• 15:43
  Speaker 4: a lot of interest, obviously, in HYPE and Zcash. It's
• 15:48
  Speaker 4: really interesting to see where assets are going. And then
• 15:51
  Speaker 4: we're seeing MemeCoin you know, to tick up a little bit,
• 15:54
  Speaker 4: some activity there as well.
• 15:56
  Speaker 2: Speaking of meme coins, this obviously rolled out around a stock.
• 16:00
  Speaker 2: This is HIMSS that just launched. This is a CEO
• 16:03
  Speaker 2: of a publicly traded company. And it was interesting because
• 16:07
  Speaker 2: there was a meme coin. I won't say the word here,
• 16:09
  Speaker 2: but you can see it if you know anything about
• 16:11
  Speaker 2: HIMSS to have a little fun with it. But the
• 16:13
  Speaker 2: point is, is that now that you've got tokenized stocks,
• 16:16
  Speaker 2: there's ecosystems that are developing around these tokenized stocks. that
• 16:21
  Speaker 2: are now starting to trade. So this could happen around Tesla.
• 16:25
  Speaker 2: This could happen around McDonald's. You name the tokenized stock
• 16:29
  Speaker 2: potentially that's going to roll out, you could have a
• 16:32
  Speaker 2: dozen or more coins starting to trade in pairs. And
• 16:35
  Speaker 2: with this, do you think that is going to be
• 16:37
  Speaker 2: a trend that really takes off in this particular bull run?
• 16:41
  Speaker 4: I do. I think in the next 18 months, we're
• 16:43
  Speaker 4: going to see significant changes. Even without the Clarity Act,
• 16:47
  Speaker 4: you're going to see TradFi adoption. You're going to see
• 16:50
  Speaker 4: them open up the kimono to the retail masses. They're
• 16:53
  Speaker 4: going to educate them. They're going to spend money on marketing.
• 16:55
  Speaker 4: They're going to try to get their clients into crypto
• 16:57
  Speaker 4: to keep them on their platform. So if you don't
• 17:00
  Speaker 4: offer it, you're not going to compete. And I think
• 17:02
  Speaker 4: the tokenized, you know, wrapping tokenized story around existing stocks
• 17:07
  Speaker 4: is going to become a real big thing over the
• 17:10
  Speaker 4: next 18 months before any major ATS takes over with
• 17:14
  Speaker 4: volume and controls the whole sort of ecosystem. And these
• 17:17
  Speaker 4: are steps towards getting everything tokenized 24-7 around the clock
• 17:21
  Speaker 4: to me, in my opinion. Yeah.
• 17:23
  Speaker 2: And I think it's legit because what you're looking at,
• 17:26
  Speaker 2: this is a good example. HEMS actually had its volume
• 17:31
  Speaker 2: driven 2% because of some of these meme activities that
• 17:36
  Speaker 2: were taking place. And think of it this way, guys.
• 17:39
  Speaker 2: You've got a stock that is now tokenized, And then
• 17:42
  Speaker 2: within that tokenized stock, there's an ecosystem around it, which
• 17:47
  Speaker 2: is trading, which is driving more activity on that tokenized stock,
• 17:50
  Speaker 2: which is correlated to the actual traditional finance stock. So
• 17:55
  Speaker 2: in essence, you've got meme projects out there that are
• 17:58
  Speaker 2: essentially driving a lot of this activity, and it's flowing
• 18:02
  Speaker 2: over to Wall Street in a dramatic way. So this
• 18:05
  Speaker 2: is helping traders on Wall Street as well. Do you
• 18:08
  Speaker 2: think TradFi understands this?
• 18:11
  Speaker 4: I mean, at the end of the day, the trains
• 18:13
  Speaker 4: left the station.
• 18:14
  Speaker 1: Big things are happening.
• 18:15
  Speaker 4: If you're TradFi and you're not on board, you're missing out.
• 18:17
  Speaker 4: All of the big banks we've been speaking to, I
• 18:20
  Speaker 4: have to hand it to them. They're all excited about
• 18:22
  Speaker 4: the potential. They're all moving forward and developing some products
• 18:25
  Speaker 4: or services.
• 18:27
  Speaker 1: It's happening.
• 18:28
  Speaker 4: I think the Clarity Act was going to give people
• 18:30
  Speaker 4: a little bit more comfort and clarity, but you don't
• 18:32
  Speaker 4: need it to operate in a responsible way.
• 18:35
  Speaker 1: The assets stay at iTrust Capital.
• 18:37
  Speaker 4: We don't lend, loan, leverage, rehypothecate. It stays at iTrust Capital. And,
• 18:44
  Speaker 4: you know, multiple strategies can run at the same time.
• 18:48
  Speaker 4: Some trade frequently. Some are a little bit more buy
• 18:51
  Speaker 4: and hold. And others respond as conditions changes, these predefined
• 18:56
  Speaker 4: market signals or triggers.
• 18:57
  Speaker 1: I talked about.
• 18:59
  Speaker 2: Kevin Maloney coming in from iTrust Capital. Guys, we're going
• 19:02
  Speaker 2: to continue to watch the market here very close because
• 19:05
  Speaker 2: things are starting to move here. Kevin, thanks for coming
• 19:07
  Speaker 2: in today. We appreciate it.
• 19:09
  Speaker 4: Thanks, Paul.
• 19:09
  Speaker 1: Good to see you again. Appreciate it.
• 19:17
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• 19:20
  Speaker 2: a comment down below, and also join our free private
• 19:23
  Speaker 2: member group.
• 19:24
  Speaker 1: The link is in the description.