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The #1 Onchain Finance Podcast. Made possible by Visa. Sponsored by Stripe, Tempo, Fireblocks, Mesh and Modern Treasury. A @brainfoodxyz Production.

London
Joined June 2024
๐Ÿšจ Ep. 107 of @TokenizedPod:ย Wall Street Bets Big on 24/7 Perpetual Futures @sytaylor &ย @PetBerisha are joined by: ๐Ÿ‘‰ @CharlieYouAI, Co-Founder & CTO,ย @RWA_xyz ๐Ÿ‘‰ @chuk_xyz,ย Author, Stablecoin Blueprint To discuss: ๐Ÿš€ ICE and Trade[XYZ] bring regulated perpetual futures to Hyperliquid ๐Ÿ›๏ธ Why 24/7 perpetual futures trading appeals to Wall Street โ—๏ธ Hyperliquidโ€™s JELLYJELLY incident and readiness for institutional markets โ˜๏ธ Google Cloud plans institutional crypto custody using multiparty computation ๐Ÿฆ Bank procurement, cybersecurity and cloud outages influence custody decisions ๐Ÿ’ธ SoFi launches tokenized deposits offering 4.4% yield and stablecoin conversion ๐ŸŒŽ How SoFi could drive mainstream consumer adoption of stablecoins ๐Ÿ‡ญ๐Ÿ‡ฐ HSBC launches Hong Kong dollar stablecoin Redcoin for PayMe users โ›“๏ธ When businesses should issue their own stablecoin or use existing alternatives โœ… Solving interoperability between closed loop stablecoins and open payment networks *** Timestamps: 00:00 Introduction 03:53 ICE and Trade[XYZ] bring regulated perpetual futures to Hyperliquid 06:07 Why 24/7 perpetual futures trading appeals to Wall Street 10:04 Hyperliquidโ€™s JELLYJELLY incident and readiness for institutional markets 12:57 Google Cloud plans institutional crypto custody using multiparty computation 18:05 Bank procurement, cybersecurity and cloud outages influence custody decisions 26:39 SoFi launches tokenized deposits offering 4.4% yield and stablecoin conversion 31:01 How SoFi could drive mainstream consumer adoption of stablecoins 37:55 HSBC launches Hong Kong dollar stablecoin Redcoin for PayMe users 46:22 When businesses should issue their own stablecoin or use existing alternatives 50:35 Solving interoperability between closed loop stablecoins and open payment networks *** ๐Ÿ‘‰๐˜š๐˜ฆ๐˜ข๐˜ณ๐˜ค๐˜ฉ '๐˜›๐˜ฐ๐˜ฌ๐˜ฆ๐˜ฏ๐˜ช๐˜ป๐˜ฆ๐˜ฅ ๐˜—๐˜ฐ๐˜ฅ๐˜ค๐˜ข๐˜ด๐˜ต' ๐˜–๐˜ฏ ๐˜ ๐˜ฐ๐˜ถ๐˜›๐˜ถ๐˜ฃ๐˜ฆ. ๐˜ˆ๐˜ฑ๐˜ฑ๐˜ญ๐˜ฆ, ๐˜š๐˜ฑ๐˜ฐ๐˜ต๐˜ช๐˜ง๐˜บ ๐˜ฐ๐˜ณ ๐˜ข๐˜ฏ๐˜บ ๐˜—๐˜ฐ๐˜ฅ๐˜ค๐˜ข๐˜ด๐˜ต ๐˜—๐˜ญ๐˜ข๐˜บ๐˜ฆ๐˜ณ! ๐Ÿ‘ˆ
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Partner @a16zfrontier, @nlevine19 on how stablecoins and deposit tokens interoperate:โฃ โฃ "I look at tokenized deposits and stablecoins as sort of two isolated, but yet very complementary things."โฃ โฃ "A tokenized deposit requires you to be a depositor of the bank, and so they don't have the same properties of stablecoins where it's permissionless and anyone can access them and you can hold them."โฃ โฃ "If I'm a customer of JPM and I wanna access JPM products twenty four seven, their deposit token is actually very useful. But if I wanna go and send it to another bank or another entity that is not within the JPM ecosystem, you can't use their deposit token."โฃ โฃ "The ability to actually interoperate between their deposit token and USDC or any stablecoin for that matter is very valuable."โฃ โฃ A deposit token only moves within its issuing bank's walls, so getting value out still means converting into a stablecoin.โฃ โฃ ๐ŸŽ™ Listen to the latest episode on Tokenizedpod(dot)com
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Our guest for Monday's Tokenized Podcast @sytaylor and @petberisha are joined by: ๐Ÿ‘‰ @CharlieYouAI , cofounder, @RWA_xyz ๐Ÿ‘‰ @chuk_xyz , Founder, Stablecoin Blueprint Out on Monday at 8am PT / 11am ET / 4pm GMT Find it on ๐—”๐—ฝ๐—ฝ๐—น๐—ฒ ๐—ฃ๐—ผ๐—ฑ๐—ฐ๐—ฎ๐˜€๐˜๐˜€, ๐—ฆ๐—ฝ๐—ผ๐˜๐—ถ๐—ณ๐˜† or ๐—ฌ๐—ผ๐˜‚๐—ง๐˜‚๐—ฏ๐—ฒ by searching "Tokenized Podcast" ๐Ÿ“ท ๐Ÿ’™
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Founder, @atumhq, @petecooling, said that AI Agents Will Create a Neural Network of Paymentsโฃ โฃ "I have this thesis that payments are going to follow the same exact trend as high frequency trading did."โฃ โฃ "You used to pay $20 a trade, and you couldn't place a trade for a stock unless it was probably buying $2,000 worth of it to make it worth it for the fee."โฃ โฃ "So we've built effectively high frequency trading for payments."โฃ โฃ "I think agents and AI and everything that we're seeing today is what drives that."โฃ โฃ "They're gonna be able to move your money efficiently across all of these different systems, across all different endpoints."โฃ โฃ Every agent delegated a task becomes a new endpoint transacting on its own, so payment volume scales with automated decisions rather than human clicks.โฃ โฃ ๐ŸŽ™ Listen to the latest episode on Tokenizedpod(dot)com
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Founder, @atumhq, @petecooling said tokenized Iientity is finally having its momentโฃ โฃ "The digital wallets are really the Trojan horse, and no one talks about it."โฃ โฃ "Apple Pay comes in, and everyone thinks they're using an Apple payment product, which they are, but it's running through the card rails. It's just the card has been tokenized."โฃ โฃ "Anyone not pushing for this future of tokenized identity is kind of left at a crossroads. We either push against this or we actually go facilitate this."โฃ โฃ "Regulators are actually onto it as well and getting very smart and sophisticated about understanding how much data leakage there is if we don't tokenize identity credentials."โฃ โฃ The card never left the rail, it just stopped being visible, and that shift is now pulling regulators into the plumbing.โฃ โฃ ๐ŸŽ™ Listen to the latest episode on Tokenizedpod(dot)com
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Founder & CEO, @Atumhq, @PeteCooling said that payments are becoming high frequency tradingโฃ โฃ "I have this thesis that payments are going to follow the same exact trend as high frequency trading did."โฃ โฃ "You used to pay $20 a trade, and you couldn't place a trade for a stock unless it was probably buying $2,000 worth of it to make it worth it for the fee. And now you see payment for order flow and free stock trading."โฃ โฃ "I think the same exact thing is coming for payments. And so we've built effectively high frequency trading for payments."โฃ โฃ "The number of payments is going to accelerate meaningfully and really change the economics of the entire industry."โฃ โฃ Streamed, high velocity, agent-initiated payments shift the unit economics from per-transaction fees to volume.โฃ โฃ ๐ŸŽ™ Listen to the latest episode on Tokenizedpod(dot)com
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๐Ÿšจ Ep. 13 of Agentic Commerce:ย Payment Networks Are Identity Networks @sytaylor & @bamazizimesh are joined by: ๐Ÿ‘‰ @PeteCooling, Founder & CEO,ย @atumhq To discuss: ๐Ÿ—๏ธ Building Visa's stablecoin settlement infrastructure and founding Atum ๐ŸŒ How Atum connects fragmented payment apps, rails and currencies ๐Ÿ›ค๏ธ Stablecoin payments, fiat settlement operators and future lending opportunities โ›“๏ธ Bringing authorisation, fraud prevention and chargebacks to stablecoin payments ๐Ÿ”Ž Digital identity, verifiable credentials and tokenization for secure payments ๐Ÿ’ธ How Atum's settlement operators compete to deliver lower-cost payments ๐Ÿค X402 and MPP support amid limited agentic payment adoption ๐Ÿ“ˆ Why stablecoin micropayments could outperform traditional card networks ๐Ÿ“Š High frequency streaming payments and the rise of automated transactions ๐Ÿค– AI agent hyper negotiation and real time contractor payment arrangements *** Timestamps: 00:00 Introduction 02:39 Building Visa's stablecoin settlement infrastructure and founding Atum 05:53 How Atum connects fragmented payment apps, rails and currencies 08:43 Stablecoin payments, fiat settlement operators and future lending opportunities 10:34 Bringing authorisation, fraud prevention and chargebacks to stablecoin payments 12:18 Digital identity, verifiable credentials and tokenization for secure payments 18:00 How Atum's settlement operators compete to deliver lower-cost payments 20:58 X402 and MPP support amid limited agentic payment adoption 23:47 Why stablecoin micropayments could outperform traditional card networks 27:16 High frequency streaming payments and the rise of automated transactions 30:49 AI agent hyper negotiation and real time contractor payment arrangements *** ๐Ÿ‘‰ ๐˜š๐˜ฆ๐˜ข๐˜ณ๐˜ค๐˜ฉ '๐˜›๐˜ฐ๐˜ฌ๐˜ฆ๐˜ฏ๐˜ช๐˜ป๐˜ฆ๐˜ฅ ๐˜—๐˜ฐ๐˜ฅ๐˜ค๐˜ข๐˜ด๐˜ต' ๐˜–๐˜ฏ ๐˜ ๐˜ฐ๐˜ถ๐˜›๐˜ถ๐˜ฃ๐˜ฆ. ๐˜ˆ๐˜ฑ๐˜ฑ๐˜ญ๐˜ฆ, ๐˜š๐˜ฑ๐˜ฐ๐˜ต๐˜ช๐˜ง๐˜บ ๐˜ฐ๐˜ณ ๐˜ข๐˜ฏ๐˜บ ๐˜—๐˜ฐ๐˜ฅ๐˜ค๐˜ข๐˜ด๐˜ต ๐˜—๐˜ญ๐˜ข๐˜บ๐˜ฆ๐˜ณ! ๐Ÿ‘ˆ
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. @Tempo's @liamihorne On private deposits plugged into Ethereum liquidityโฃ โฃ "Ethereum is not private. I think it should be eventually one day, but right now, it's not."โฃ โฃ "You can have your assets held on a private chain where the holders are private, all the transfers in and out can be private, and you can still have all the compliance objectives that you have in mind, but you still benefit from all of the liquidity and integrations that are on the public blockchain."โฃ โฃ "My take is probably this lands in something that looks like a tempo zone over time where it's something that a bank will run maybe in their own system so that they have data on premise and so on."โฃ โฃ "They're gonna wanna integrate with everything on Ethereum and other public blockchains."โฃ โฃ The bank keeps custody and compliance on its own chain, but settlement still clears through Ethereum's liquidity.โฃ โฃ ๐ŸŽ™ Listen to the latest episode on Tokenizedpod(dot)com
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