Latest / The Paul Barron Crypto Show / Japan’s TRILLION-$ Liquidity FLOOD Into CRYPTO!🚨Soneium🔥Sota Watanabe INTERVIEW
Transcript
- 0:00Speaker 1: We'll dive into the impact on liquidity because it's all
- 0:03Speaker 1: going to be centered around Japan. Today, we'll dive in deep.
- 0:06Speaker 1: I think you're gonna like it. We'll have a special
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- 0:41Speaker 1: All right, I want to do a recap clip here
- 0:44Speaker 1: before I bring on Soto Wantanabi, who is.
- 0:48Speaker 2: Coming in from Sony.
- 0:48Speaker 1: I mean, we're going to talk a little bit about
- 0:50Speaker 1: where and what is happening in Japan that could cause
- 0:54Speaker 1: and have some pretty big impacts on the crypto community.
- 0:57Speaker 2: Take a look at this clip.
- 1:00Speaker 3: And Wire's decision to call an election paid off big time.
- 1:03Speaker 3: Secured a two thirds supermajority of the Parliament's lower house,
- 1:08Speaker 3: the first time a Japanese political party has done this
- 1:11Speaker 3: since World War Two. Japanese stock surge Monday to an
- 1:15Speaker 3: all time peak. The two leaders are due to meet
- 1:18Speaker 3: at the White House in March.
- 1:19Speaker 2: From the nineteenth of March.
- 1:21Speaker 1: That should be the next major catalyst for the Japanese
- 1:25Speaker 1: equities market.
- 1:26Speaker 4: To scale the historic scale of this victory.
- 1:28Speaker 5: It felt a bit like the small earthquakes that are
- 1:31Speaker 5: more common here, of the ground, kind of shifting under
- 1:34Speaker 5: under one's feet.
- 1:35Speaker 2: She seems extremely cool.
- 1:36Speaker 4: She's generally very cool.
- 1:38Speaker 6: I would like to conclude my speech by borrowing a
- 1:42Speaker 6: famous sign from Attack on Titan.
- 1:44Speaker 2: Just sat through a mask and invest everything in me.
- 1:49Speaker 2: Japan is back investment chain.
- 1:52Speaker 7: It is focused on investment. Trillions of dollars.
- 1:55Speaker 8: Worth fifty five percent of their asset sits in cash.
- 1:58Speaker 2: Historic guddy be a lot of cash.
- 2:01Speaker 7: It is I figure far higher than the US or Europe,
- 2:04Speaker 7: and the percentage of assets in equity markets had crept
- 2:07Speaker 7: up to fourteen percent. Apollo CEO Mark Rowan sees his
- 2:11Speaker 7: company is providing a much needed third way to finance
- 2:14Speaker 7: the capital investment Japan needs.
- 2:16Speaker 9: Whether it's Sony or SMBC or others. We are in
- 2:19Speaker 9: the buyout business here. This is one of the best
- 2:21Speaker 9: buyout businesses here. You've met with some of our portfolio
- 2:24Speaker 9: companies or companies we've had an investment in here. The
- 2:28Speaker 9: capital coming off the sidelines from households is looking for
- 2:31Speaker 9: better rates of return now that they are facing three
- 2:33Speaker 9: percent inflation where people want safe healed now.
- 2:36Speaker 8: I think Jumpan'e company is quite the recipiti toogels some
- 2:40Speaker 8: new ideas.
- 2:41Speaker 2: All right, So there you have it.
- 2:42Speaker 1: I mean this is a good recap on where the
- 2:46Speaker 1: Japan market is going, and especially after this most recent election,
- 2:50Speaker 1: because it does change the format I think, especially on DeFi.
- 2:53Speaker 1: So I wanted to bring in Soda Watanabi who is
- 2:56Speaker 1: coming in from Sonium.
- 2:57Speaker 2: How are you Soda?
- 2:58Speaker 6: Yeah, thank you very Mutch for having me today. My
- 3:00Speaker 6: name is CEO of Stai Group and the Starter Group
- 3:04Speaker 6: has been working with a big company in Japan such
- 3:07Speaker 6: as Sony and the SBI and we are making a
- 3:10Speaker 6: Sonium which is a together with Sony and a stream
- 3:13Speaker 6: which is the el and Broke Shaine for organized assets,
- 3:16Speaker 6: and the WA with SBI, which is the largest online
- 3:20Speaker 6: stockbroker in Japan.
- 3:22Speaker 1: They mentioned there in that clip the circular difference or
- 3:25Speaker 1: should say, the circular rotation of the Japanese yen. Now
- 3:29Speaker 1: that we've seen the yen falling a bit, this course
- 3:32Speaker 1: suggests that we could see risk assets starting to be
- 3:35Speaker 1: a rotational component right here when you look at repricing
- 3:39Speaker 1: risk right now.
- 3:41Speaker 2: So do you think.
- 3:43Speaker 1: That this is going to be maybe the beginning of
- 3:46Speaker 1: something very big for the Japanese market going forward into
- 3:49Speaker 1: digital assets.
- 3:50Speaker 6: Yeah, I believe so. Japan is coming back. President Danakaichi
- 3:54Speaker 6: became a minister of the Japanese government. She's strongly pushing
- 3:59Speaker 6: crypto and on chain devolution. And today what we are
- 4:03Speaker 6: missing now is the JPUI stable coin because JPI stable
- 4:07Speaker 6: coin is a critical to things to bring a Japanese
- 4:10Speaker 6: economy on chain.
- 4:11Speaker 2: You know when you look at the integration of that.
- 4:13Speaker 1: And also I think you know the clip there they
- 4:16Speaker 1: were talking about the appetite for the market there, because
- 4:20Speaker 1: this is something that is quite a bit different between
- 4:22Speaker 1: the United States. Investors here are still this is early
- 4:27Speaker 1: stage for them in terms of digital assets, but with
- 4:30Speaker 1: the Japanese market it's much more mature. Would you say
- 4:34Speaker 1: that this could in terms of uptake into risk assets
- 4:38Speaker 1: digital assets in general, this would happen much faster, maybe
- 4:42Speaker 1: in the next twelve months for that market.
- 4:45Speaker 6: So right now cryptocurrency is categorized as the boroti asset
- 4:49Speaker 6: in Japan, but government is trying to legorate crypto and
- 4:53Speaker 6: the existing financial law and the once it is degradated
- 4:56Speaker 6: as financial assets, the tax way to be deducted from
- 5:00Speaker 6: fifty five percent to twenty percent. So I'm sure that
- 5:03Speaker 6: a lot of the detail people, even a bank and
- 5:06Speaker 6: the big institutions entering the own chain.
- 5:09Speaker 1: Yeah, I'm looking at a tweet by you. This is
- 5:11Speaker 1: in reference to security tokens. This is talking about the
- 5:15Speaker 1: JPI stable coin, which are building the SBI and chain
- 5:18Speaker 1: platform itself. But interesting here is that you've got a
- 5:22Speaker 1: statement on our I should say bank XRP had this
- 5:24Speaker 1: statement on here that bank holders would receive XRP rewards.
- 5:27Speaker 2: Can you explain that how that's going to work.
- 5:29Speaker 6: Yeah, So SBI is the largest internet stock broadcast in
- 5:35Speaker 6: Japan and there pretty much working on our own chain evolutions,
- 5:39Speaker 6: you know, bringing every financial service on chain. So one
- 5:43Speaker 6: of the big things is the tokenizo stock and chain.
- 5:46Speaker 6: So we are making a stream which is the brock
- 5:49Speaker 6: chain for Totonio stock and the other wa together with SBI,
- 5:53Speaker 6: and one things we would like to do is that
- 5:55Speaker 6: tokenizer stock and once we tokenize the stock. The issue
- 6:00Speaker 6: right now is a lack of the voting rights and
- 6:02Speaker 6: lack of the dividends because frame and regulation is not ready.
- 6:06Speaker 6: But the once we can improvement a labatory compliant the
- 6:10Speaker 6: stock token on chain.
- 6:11Speaker 4: Okay, it's quite a.
- 6:13Speaker 6: Massive opportunity for Jpui stable coin to be paid on
- 6:17Speaker 6: chain as a dividend.
- 6:18Speaker 2: Interesting.
- 6:19Speaker 1: Uh, With that being the case, explain first. First of all,
- 6:22Speaker 1: I want to kind of learn a little bit more
- 6:24Speaker 1: about stream right here, I'm on the website engineer for
- 6:27Speaker 1: tokenized capital markets, trade spot, perps, et cetera.
- 6:30Speaker 2: And the line.
- 6:31Speaker 6: Now, if you see the on chain market, a lot
- 6:33Speaker 6: of other things are dominated by the US US market
- 6:37Speaker 6: such as usd UH and as a least, on chain
- 6:40Speaker 6: economy is still a little bit.
- 6:42Speaker 4: Orotype and fragile.
- 6:44Speaker 6: The bible in in Japan on chain, including the JPUI
- 6:47Speaker 6: stable coin, the Japanese stock and the others we would
- 6:50Speaker 6: like to make on chain columny more tangible. And the
- 6:54Speaker 6: stream is the real and block chain designed for tokenizer
- 6:57Speaker 6: stock and togonized goal tokenized.
- 6:59Speaker 2: R w A.
- 7:00Speaker 6: And the SBI is the largest financial institution in Japan
- 7:04Speaker 6: for webc and crypto and they are recognized as the
- 7:08Speaker 6: largest intendet online brokers stock brokers, so they are in
- 7:12Speaker 6: a good position to token ize stocks Japanese stock.
- 7:15Speaker 2: But the key here is is you're right.
- 7:17Speaker 1: I mean this is in terms of the scope of
- 7:20Speaker 1: the size of SBI in general. But I'm kind of
- 7:22Speaker 1: curious when you look at the JPI stable coin and
- 7:26Speaker 1: you look at whether it's USTC or even tether, why
- 7:30Speaker 1: would the Japanese market choose that stable coin over say
- 7:34Speaker 1: a traditional stable coin that we've seen that has a
- 7:36Speaker 1: much bigger market value.
- 7:37Speaker 6: Right now, we intercomes to a Japanese stable coins. There
- 7:40Speaker 6: are two types of the stable coin. The one is
- 7:42Speaker 6: the stable coin under the payment license and the other
- 7:46Speaker 6: is the stable coin under the Trust Bank cricense.
- 7:48Speaker 4: The first one has.
- 7:49Speaker 6: Been already issued, but the issue of the first one
- 7:53Speaker 6: is uh limitation for up to six K transaction part time.
- 7:58Speaker 6: So we started and SBI are going to issue first
- 8:03Speaker 6: bank back savery coin, and that the second ricense trust
- 8:06Speaker 6: the bank crisis, so there is no limitation, okay. And
- 8:09Speaker 6: the JPUI has a huge demand when it comes to
- 8:12Speaker 6: asset management. For example, you know, a lot of the
- 8:15Speaker 6: big bank in the US has gpui on the barand sheet,
- 8:19Speaker 6: and we would like to use gpui savery coin for
- 8:22Speaker 6: on chain asset management.
- 8:23Speaker 1: Goodbody, how much capital do you think is ready to
- 8:27Speaker 1: deploy right now?
- 8:30Speaker 6: Yeah, that's a very difficult question. You know, our target
- 8:34Speaker 6: at the end of the year is likely a couple
- 8:36Speaker 6: over one hundred million ust wars Japanese en.
- 8:39Speaker 4: But incoming years we would like to.
- 8:42Speaker 6: Issue you know, billions, even you know, ten billions or
- 8:45Speaker 6: even more.
- 8:46Speaker 1: Billions, even more, all right, So that's that's a big
- 8:50Speaker 1: deal because I think this is something that as we see,
- 8:53Speaker 1: especially by end of year, that would be a very
- 8:55Speaker 1: fast uptake in general. Wow, that's a bit surprising. What
- 8:58Speaker 1: about the drive, Yeah, I mean, you got you have
- 9:03Speaker 1: to kind of look at that. A couple other points
- 9:04Speaker 1: I want to get on because I know there's a
- 9:06Speaker 1: lot happening here. One of course, was this right here,
- 9:10Speaker 1: this is showing the Sonifi chain UH, and you'll notice
- 9:13Speaker 1: right there the JP stocks, the Japanese stocks not available
- 9:17Speaker 1: yet but coming soon, like coming soon?
- 9:20Speaker 2: How soon do you think?
- 9:21Speaker 6: The first one is a derivative which is easy to understand,
- 9:25Speaker 6: and second one is the custody one on one, the
- 9:28Speaker 6: one you custody and issue UH stocks own chain and
- 9:32Speaker 6: the SAD one.
- 9:33Speaker 4: Is the direct own chain insurance of the stock.
- 9:36Speaker 6: The first one is easy, we can do it even
- 9:38Speaker 6: today in second one and SAD one difficult because the
- 9:42Speaker 6: regiation is not mature yet. So we would like to
- 9:46Speaker 6: talk with the degorators. We actually talking with the regreators,
- 9:49Speaker 6: and we would like to introduce the custody type of
- 9:52Speaker 6: direct own chain insurance of the JP's japan stock in
- 9:55Speaker 6: coming years, like Krea IoT you.
- 9:58Speaker 2: I like that.
- 10:00Speaker 1: All right, Let's let's go into a little bit of
- 10:02Speaker 1: a different spin here because I'm looking at one of
- 10:04Speaker 1: the tweets over here by Startel. Right now, you've got
- 10:06Speaker 1: a nine percent apy on Startel in the app. Now
- 10:08Speaker 1: you look at that, and you also look at a
- 10:10Speaker 1: tweet you put out right here, and this is a
- 10:12Speaker 1: reference to the on chain mobility platform that we've We've
- 10:14Speaker 1: covered this pretty heavily on the show.
- 10:17Speaker 2: Here.
- 10:18Speaker 1: The idea is that automakers would be involved in this
- 10:20Speaker 1: and that we would see Sonium's blockchain possibly used for
- 10:25Speaker 1: maybe yield earning, et cetera. Is there Do you think
- 10:28Speaker 1: there would be a drive to earn model that would
- 10:30Speaker 1: eventually make its way into some of these platforms.
- 10:33Speaker 6: Yeah, this is something Sony is exploring right now.
- 10:37Speaker 4: So we have a two major patterns.
- 10:39Speaker 6: First one is SBI we are making stream which is
- 10:42Speaker 6: the finance day album broke chain. And second one is
- 10:44Speaker 6: that Sony we are making Sonyum, which is that you
- 10:47Speaker 6: able to att to which is live already?
- 10:49Speaker 4: H is it able to attu? You would like to
- 10:52Speaker 4: bring entertainment on chain?
- 10:54Speaker 6: Sony has distributions Yeah, yeah, which is something we missed
- 10:57Speaker 6: today Exactly a lot of people are using crypt today, but
- 11:01Speaker 6: for a mass adoption, we needed to onboard a people
- 11:04Speaker 6: who has never used approaching and the distribution channel mat
- 11:07Speaker 6: does to make it happen.
- 11:09Speaker 2: Well, I think that's the key right now. Distribution is huge.
- 11:12Speaker 1: Most of the time it's gone through traditional veins if
- 11:14Speaker 1: you look at whether it's exchanges. But I think to
- 11:17Speaker 1: the point you're getting at is this opens up many
- 11:19Speaker 1: platforms that could basically be the onboarding, you know, solution
- 11:23Speaker 1: for getting distributions. So whoever figures that out, whatever platform
- 11:28Speaker 1: it is, whether it's automotive or mobility, or we see
- 11:31Speaker 1: it in social, it's definitely going to be a pretty
- 11:34Speaker 1: significant lead forward. Speaking of that, I want to get
- 11:37Speaker 1: into gaming a little bit. I've got a clip of Yachtsu.
- 11:40Speaker 1: He's animalal Brands. He's been on our show many times.
- 11:43Speaker 1: Yatsue has and we've talked to him a little bit
- 11:46Speaker 1: about Sega before and a concept that he has or
- 11:51Speaker 1: an idea on. I want to play this clip for
- 11:53Speaker 1: it and then get your opinion take a look sometime.
- 11:55Speaker 2: In twenty twenty six. Is that correct?
- 11:58Speaker 8: It could be yeah, yes, we try to be wild.
- 12:01Speaker 8: It's higher risk by potentially a higher return. This is
- 12:04Speaker 8: going to be my greatest achieve in my career.
- 12:10Speaker 2: What blockchain would Sega use.
- 12:12Speaker 5: One of the things that that's been interesting on the
- 12:14Speaker 5: experience with Sony is that they've discovered essentially that you
- 12:18Speaker 5: don't have censorship resistance, which is the benefit of blockchain,
- 12:21Speaker 5: but perhaps the struggle for IP protection, especially in Japan
- 12:24Speaker 5: more so than other countries. But the Sonaium sort of
- 12:27Speaker 5: launch has revealed some interesting flaws. The right approach for
- 12:30Speaker 5: them would probably think about it as a platform as
- 12:33Speaker 5: an l one, but it would operate as an l
- 12:35Speaker 5: one because they need more control over it.
- 12:38Speaker 2: He doesn't think Sega would go throughout what's that you?
- 12:40Speaker 6: We are been working with Sony to launch Layer two
- 12:43Speaker 6: blockchain corso Sonium and the ads mentioned Sonium over there.
- 12:47Speaker 6: And there was the IP ringement when we launched a
- 12:49Speaker 6: change a bunch of appreciation talking, Spider Man talking and
- 12:52Speaker 6: the others IP ringement. So the controllability as decentralization is
- 12:59Speaker 6: the tough question. But we protected the IP at the
- 13:04Speaker 6: level I mean front end, not the back end. So
- 13:09Speaker 6: that the key points is the company like Sony, O
- 13:12Speaker 6: Sega can choose which they are they're gonna protect IP.
- 13:17Speaker 4: Is that a proction level? Is that the A level?
- 13:20Speaker 4: Is that maybe application level? And so on? So I
- 13:24Speaker 4: still believe the you is the right choice.
- 13:27Speaker 2: Force on you? All right, Well there you go.
- 13:29Speaker 1: I'm looking at the star Tales posts here says Bill
- 13:32Speaker 1: fast Lodge globally with Startell, how many apps on Sonia
- 13:36Speaker 1: mapp right now?
- 13:37Speaker 6: What does it look like they are a bunch of
- 13:39Speaker 6: the application already more than hundred or two hundred. But
- 13:42Speaker 6: through the Started app, we are going to provide fourteen
- 13:45Speaker 6: mini apps focusing on entertainment. Because this is but once
- 13:51Speaker 6: Started launch the stream together with SBI, we're gonna provide
- 13:56Speaker 6: the interface post force on you and the stream and
- 13:59Speaker 6: other chain so people like organoissmach barok chain to use.
- 14:03Speaker 6: But say, using a Brooks Shee application, we's out understanding
- 14:06Speaker 6: rock chain.
- 14:06Speaker 1: Interesting, you said one hundred to two hundred, but you're
- 14:09Speaker 1: you're launching fourteen entertainment apps. Those are going to be
- 14:13Speaker 1: native Yeah, okay, all right? When when is the When
- 14:17Speaker 1: does the app launch? I mean, what does it look.
- 14:19Speaker 2: Like right now?
- 14:20Speaker 8: Much?
- 14:20Speaker 4: Yeah? Them? Much?
- 14:22Speaker 2: Okay? I like it?
- 14:24Speaker 1: Okay, so huge, there it is. You guys can join
- 14:26Speaker 1: the wait list right there, get on the spot. You
- 14:28Speaker 1: can get into that.
- 14:29Speaker 4: Oh thanks.
- 14:32Speaker 2: So I want to do a lightning round.
- 14:33Speaker 1: This is kind of our rapid questions that we always
- 14:36Speaker 1: throw at founders and people that I have a bit
- 14:38Speaker 1: more understanding where the market's heading and with everything that's
- 14:41Speaker 1: going on right now, I wanted to lead off with
- 14:43Speaker 1: this one in terms of the crypto catalyst, what's bigger
- 14:47Speaker 1: right now? Do you think it's clarity passing here in
- 14:49Speaker 1: the United States or more on the side of global
- 14:52Speaker 1: interest rates and liquidity. I seen bussy clarity passing. Okay,
- 14:56Speaker 1: you and I are on the same page there. I
- 14:59Speaker 1: am in agreement with that. All right, Let's go to
- 15:02Speaker 1: the next one. And the next one is the Japanese
- 15:04Speaker 1: retail market will adopt stable coins faster than US investors.
- 15:09Speaker 6: No, because cpuis stablety coin is not for the payments,
- 15:12Speaker 6: but for grover asset management. So I think US bank
- 15:15Speaker 6: actually adopt the JPUI stablety coin fasts on Japanese people.
- 15:19Speaker 1: Do you think it's going to be more on the
- 15:21Speaker 1: on the on the institutional socid monuments.
- 15:24Speaker 2: All right, yeah, yeah, okay, I'm with you there.
- 15:27Speaker 1: Japanese institutions care more about ethereum versus bitcoin.
- 15:31Speaker 2: Yes, yeah, on the same page. Here. I gotta get
- 15:33Speaker 2: something that's different than you. Here we go. Sony launches
- 15:38Speaker 2: Sony Token.
- 15:38Speaker 6: What do you think this is difficult?
- 15:42Speaker 1: So I'll put you in the middle. I'm gonna go
- 15:46Speaker 1: full bore. I think they will. It's a natural. It's
- 15:50Speaker 1: a natural. I mean, come on, you're talking about the
- 15:52Speaker 1: PlayStation Sony PlayStation integrate Sonium chain for gaming.
- 15:57Speaker 6: It's also in the middle because I cannot say yes,
- 16:00Speaker 6: so I know.
- 16:01Speaker 1: You can't say yes or no. Allright, yeah, I'll stay
- 16:03Speaker 1: I'll stay tuned on. Yes, Sony launch is a demon
- 16:07Speaker 1: Hunter collectible. What do you think on Sonium?
- 16:10Speaker 2: This would be a good launch right here, guys, come.
- 16:12Speaker 4: On, yeah, I think.
- 16:16Speaker 2: Yeah, doable?
- 16:17Speaker 4: Yeah almost almost yes, Yeah.
- 16:19Speaker 2: Okay, I like that. I like that. Let's go into
- 16:21Speaker 2: some more. These get a little bit stickier here.
- 16:24Speaker 1: Sonium leaves optimism like coin Base that launches on it Base.
- 16:31Speaker 4: That's but at this moment, now, okay, you're.
- 16:36Speaker 1: Gonna say no, I'm gonna I'm gonna put it on
- 16:39Speaker 1: the in the middle. I'm not sure if you will
- 16:40Speaker 1: or not. There's some intriguing things happening in the market
- 16:45Speaker 1: that I have to pay attention to. And of course
- 16:47Speaker 1: that was a big move that coin Base, of course,
- 16:50Speaker 1: moving based off to optimism. Sony versus Nintendo, here we go.
- 16:54Speaker 4: Who do you like? Sony? I like precision very much.
- 16:58Speaker 1: I listen, so so I like you, But Nintendo all
- 17:02Speaker 1: the way Nintendo, so oh, you have to have to
- 17:05Speaker 1: go go with my string star, you know. Anyway, Hey, listen,
- 17:09Speaker 1: this has been fun We'll definitely get you in as
- 17:12Speaker 1: get you back in on the show here as things
- 17:14Speaker 1: start to heat up there in Japan, especially around the
- 17:17Speaker 1: JPY stablecorn launch, I think this will be interesting.
- 17:20Speaker 2: The liquidity also could be a huge.
- 17:24Speaker 1: Global story coming in to what's happening in the Japanese markets,
- 17:28Speaker 1: especially around the end and the shift into assets. So
- 17:31Speaker 1: we definitely want to have you back on. Thanks for
- 17:33Speaker 1: coming in today.
- 17:34Speaker 6: Yeah, thank you very much for having me today.
- 17:42Speaker 1: If you like this video, like and subscribe, drop a
- 17:45Speaker 1: comment down below, and also join our free private member group.
- 17:49Speaker 2: The link is in the description.