
The #1 Onchain Finance Podcast. Made possible by Visa. Sponsored by Stripe, Tempo, Fireblocks, Mesh and Modern Treasury. A @brainfoodxyz Production.
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๐๏ธ Listen to the latest episode of Tokenized: tokenizedpod.com/episodes/waโฆ
๐ท Watch on YouTube: youtu.be/yGr0Sy5GzjE
๐จ Ep. 107 of @TokenizedPod:ย Wall Street Bets Big on 24/7 Perpetual Futures
@sytaylor &ย @PetBerisha are joined by:
๐ @CharlieYouAI, Co-Founder & CTO,ย @RWA_xyz
๐ @chuk_xyz,ย Author, Stablecoin Blueprint
To discuss:
๐ ICE and Trade[XYZ] bring regulated perpetual futures to Hyperliquid
๐๏ธ Why 24/7 perpetual futures trading appeals to Wall Street
โ๏ธ Hyperliquidโs JELLYJELLY incident and readiness for institutional markets
โ๏ธ Google Cloud plans institutional crypto custody using multiparty computation
๐ฆ Bank procurement, cybersecurity and cloud outages influence custody decisions
๐ธ SoFi launches tokenized deposits offering 4.4% yield and stablecoin conversion
๐ How SoFi could drive mainstream consumer adoption of stablecoins
๐ญ๐ฐ HSBC launches Hong Kong dollar stablecoin Redcoin for PayMe users
โ๏ธ When businesses should issue their own stablecoin or use existing alternatives
โ
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 Hyperliquidโs 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
***
๐๐๐ฆ๐ข๐ณ๐ค๐ฉ '๐๐ฐ๐ฌ๐ฆ๐ฏ๐ช๐ป๐ฆ๐ฅ ๐๐ฐ๐ฅ๐ค๐ข๐ด๐ต' ๐๐ฏ ๐ ๐ฐ๐ถ๐๐ถ๐ฃ๐ฆ. ๐๐ฑ๐ฑ๐ญ๐ฆ, ๐๐ฑ๐ฐ๐ต๐ช๐ง๐บ ๐ฐ๐ณ ๐ข๐ฏ๐บ ๐๐ฐ๐ฅ๐ค๐ข๐ด๐ต ๐๐ญ๐ข๐บ๐ฆ๐ณ! ๐
Partner @a16zfrontier, @nlevine19 on how stablecoins and deposit tokens interoperate:โฃ
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"I look at tokenized deposits and stablecoins as sort of two isolated, but yet very complementary things."โฃ
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"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."โฃ
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"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."โฃ
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"The ability to actually interoperate between their deposit token and USDC or any stablecoin for that matter is very valuable."โฃ
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A deposit token only moves within its issuing bank's walls, so getting value out still means converting into a stablecoin.โฃ
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๐ Listen to the latest episode on Tokenizedpod(dot)com
Our guest for Monday's Tokenized Podcast
@sytaylor and @petberisha are joined by:
๐ @CharlieYouAI , cofounder, @RWA_xyz
๐ @chuk_xyz , Founder, Stablecoin Blueprint
Out on Monday at 8am PT / 11am ET / 4pm GMT Find it on ๐๐ฝ๐ฝ๐น๐ฒ ๐ฃ๐ผ๐ฑ๐ฐ๐ฎ๐๐๐, ๐ฆ๐ฝ๐ผ๐๐ถ๐ณ๐ or ๐ฌ๐ผ๐๐ง๐๐ฏ๐ฒ by searching "Tokenized Podcast" ๐ท ๐
Founder, @atumhq, @petecooling, said that AI Agents Will Create a Neural Network of Paymentsโฃ
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"I have this thesis that payments are going to follow the same exact trend as high frequency trading did."โฃ
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"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."โฃ
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"So we've built effectively high frequency trading for payments."โฃ
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"I think agents and AI and everything that we're seeing today is what drives that."โฃ
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"They're gonna be able to move your money efficiently across all of these different systems, across all different endpoints."โฃ
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Every agent delegated a task becomes a new endpoint transacting on its own, so payment volume scales with automated decisions rather than human clicks.โฃ
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๐ Listen to the latest episode on Tokenizedpod(dot)com
Founder, @atumhq, @petecooling said tokenized Iientity is finally having its momentโฃ
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"The digital wallets are really the Trojan horse, and no one talks about it."โฃ
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"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."โฃ
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"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."โฃ
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"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."โฃ
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The card never left the rail, it just stopped being visible, and that shift is now pulling regulators into the plumbing.โฃ
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๐ Listen to the latest episode on Tokenizedpod(dot)com
Founder & CEO, @Atumhq, @PeteCooling said that payments are becoming high frequency tradingโฃ
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"I have this thesis that payments are going to follow the same exact trend as high frequency trading did."โฃ
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"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."โฃ
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"I think the same exact thing is coming for payments. And so we've built effectively high frequency trading for payments."โฃ
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"The number of payments is going to accelerate meaningfully and really change the economics of the entire industry."โฃ
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Streamed, high velocity, agent-initiated payments shift the unit economics from per-transaction fees to volume.โฃ
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๐ Listen to the latest episode on Tokenizedpod(dot)com
๐๏ธ Listen to the latest episode of Tokenized: tokenizedpod.com/episodes/paโฆ
๐ท Watch on YouTube: youtu.be/J2Hiv4xFj-w
๐จ Ep. 13 of Agentic Commerce:ย Payment Networks Are Identity Networks
@sytaylor & @bamazizimesh are joined by:
๐ @PeteCooling, Founder & CEO,ย @atumhq
To discuss:
๐๏ธ Building Visa's stablecoin settlement infrastructure and founding Atum
๐ How Atum connects fragmented payment apps, rails and currencies
๐ค๏ธ Stablecoin payments, fiat settlement operators and future lending opportunities
โ๏ธ Bringing authorisation, fraud prevention and chargebacks to stablecoin payments
๐ Digital identity, verifiable credentials and tokenization for secure payments
๐ธ How Atum's settlement operators compete to deliver lower-cost payments
๐ค X402 and MPP support amid limited agentic payment adoption
๐ Why stablecoin micropayments could outperform traditional card networks
๐ High frequency streaming payments and the rise of automated transactions
๐ค 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
***
๐ ๐๐ฆ๐ข๐ณ๐ค๐ฉ '๐๐ฐ๐ฌ๐ฆ๐ฏ๐ช๐ป๐ฆ๐ฅ ๐๐ฐ๐ฅ๐ค๐ข๐ด๐ต' ๐๐ฏ ๐ ๐ฐ๐ถ๐๐ถ๐ฃ๐ฆ. ๐๐ฑ๐ฑ๐ญ๐ฆ, ๐๐ฑ๐ฐ๐ต๐ช๐ง๐บ ๐ฐ๐ณ ๐ข๐ฏ๐บ ๐๐ฐ๐ฅ๐ค๐ข๐ด๐ต ๐๐ญ๐ข๐บ๐ฆ๐ณ! ๐
. @Tempo's @liamihorne On private deposits plugged into Ethereum liquidityโฃ
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"Ethereum is not private. I think it should be eventually one day, but right now, it's not."โฃ
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"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."โฃ
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"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."โฃ
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"They're gonna wanna integrate with everything on Ethereum and other public blockchains."โฃ
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The bank keeps custody and compliance on its own chain, but settlement still clears through Ethereum's liquidity.โฃ
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๐ Listen to the latest episode on Tokenizedpod(dot)com
