Episode Transcript
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1:26
Tractor Supply trusts Five G Solutions from
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T Mobile together were connecting over twenty
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two hundred stores with Five G. Business
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Internet and A eyes or team members
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can match shoppers with the products they
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need faster. This. Is enriching
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customer experience. Tractor
15:33
Supply trusts Five G Solutions from T
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Mobile together were connecting over twenty two
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hundred stores with Five G. Business Internet
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and A eyes or team members can
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match shoppers with the products they need
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faster. This. Is enriching customer
15:47
experience. So
18:00
that's our goal. Asset
18:02
tokenization, we were going to see the future
18:04
of crypto in a lot of different ways,
18:06
and we talked about it a lot. What
18:09
type of assets do you think need to
18:11
be tokenized? So if
18:13
you think like any asset can be
18:15
tokenized, the key is what to start
18:17
off with, what the community actually wants,
18:20
and what has demanded. So currently, there's
18:22
two types of demand, right? There's the
18:24
crypto-native demand, which is currently the people
18:27
who are using crypto now. They
18:30
want to protect savvy enough to
18:32
store their seed phrases, know which
18:34
apps to interact with has a
18:36
background in crypto, and is able
18:38
to interact with the on-chain environment.
18:40
So there's this type of demand
18:42
from these users, and
18:44
there's the demand from the
18:46
non-crypto-native, which just want probably
18:49
a tokenized product and a
18:51
stable, non-volatile-like investment. So
18:53
this demand hasn't been tapped into
18:55
because there's so many technological barriers
18:58
for these non-crypto-natives to onboard into
19:00
the on-chain environment that it's still
19:02
in the process of tapping into
19:04
this demand. The current
19:06
demand we have, which is from
19:09
the crypto-natives, I believe that some
19:11
of the interesting products that these
19:13
people will have is pre-IPO investments,
19:15
probably, which is a product that,
19:17
let's say, they don't have access
19:19
to in the crypto environment, and
19:22
it's really hard to get access to
19:24
if you are also in the traditional
19:26
finance rails, right? So
19:28
I believe that this will be
19:30
an interesting icebreaker to get into
19:32
this crypto-native ecosystem and provide these
19:35
products for them. But
19:37
we'll only know what actually has it meant
19:39
when we try. So we're coming into the
19:42
market in the beginning Q3
19:44
with several probe assets to start
19:46
off with. What type of basket?
19:49
Just probe assets. We're not focusing solely
19:51
on them. So we're actually
19:53
building the infrastructure for you and
19:55
anyone to come into our platform
19:58
and tokenize your products. So
22:00
it got launched in April, this
22:02
new modular on abstraction.
22:05
So we're going full force on
22:07
that because one of the pain
22:09
points I saw as a on-chain
22:12
crypto native guide is distribution is
22:14
really hard. And all the wallet
22:16
providers, they focused their KPIs solely
22:19
focused on volume and how much
22:21
they can incentivize their users to
22:24
trade. So it's really hard to
22:26
get new products that are not
22:28
focusing on trading volume to be
22:31
distributed inside this wallets apart from
22:33
all the legal and regulatory like
22:35
a framework that you need to
22:38
follow. I really feel like the
22:40
regulatory stuff is what's holding everything
22:43
back. If
22:45
you go to rwa.xyz, you can
22:47
see all the different platforms that
22:50
are offering real world assets. You can see private
22:52
credit and all the different, from
22:54
the African Innovation Fund to the
22:57
carbon offset fund to just treasuries. And then
22:59
you have real estate loans and stable
23:01
coins. You have all these different things
23:04
and commodities now, which actually is really
23:06
freaking cool. You can already yield
23:08
on that. So it's like, are the regulations
23:10
there? Do they still need to come through
23:12
to make it easier? How are some of
23:14
these companies doing it? What's the story there?
23:16
So what we can see in the market,
23:19
what's going on now is that tokenization
23:22
largest barrier is actually legal and
23:24
regulatory and how you're going to
23:26
do it. So you're seeing players
23:29
like BlackRock, which has all the
23:31
licenses together with Secretize, which has
23:34
several license also do stuff in
23:36
the tokenized environment, but they're not
23:39
actually doing it
23:41
in the on-chain. They're doing excellent
23:43
products. I believe they're doing
23:46
a really great job, but you're not
23:48
seeing actually the activity of the tokenized
23:50
products in the on-chain. If you go
23:53
to the on-chain space and analytics, you'll
23:55
see that these assets don't actually move
23:57
in the blockchain rails. They're
23:59
so stuck. So that's
24:02
what you analyze if you go to
24:04
the on-chain. In terms of regulatory,
24:06
like we have a big team working
24:08
on that. I'm not leading that side
24:11
of things, so I'm not the best
24:13
person to talk about the legal and
24:15
regulatory framework surrounding tokenized assets. Of course,
24:17
of course, it's just really interesting. So
24:20
back to the demand side, any type
24:22
of investment you do requires paperwork from
24:24
loans to investments to buying real estate,
24:26
sharing different investment with friends, starting a
24:28
business, do all these things like as
24:31
paperwork, and then there's servicing. And a
24:33
lot of paperwork is still on the
24:35
internet now, but there's still like, it's a
24:37
slow, cumbersome process. You can almost like, through
24:39
the account abstraction, put all of
24:42
the paperwork inside the token. It
24:44
creates providence for the asset, but also like
24:46
a receipt type of thing at the same
24:48
time. And then you don't have different copies
24:50
of paperwork all over different people's computers. And
24:52
you're dealing with like, seeing if that's real
24:55
or fake, or if it's the right one
24:57
and all these other things. Exactly.
25:00
To start off, like you have
25:02
that some paperwork to do, but once
25:04
you link it to the token, there,
25:06
right? And then once you link
25:08
it, you can create like an asset
25:10
explorer. There's the block explorer. I
25:13
think like in the near future, we'll
25:15
have like an asset explorer in which
25:17
you'll be able to search for assets,
25:19
asset tokens, and all the paperwork will
25:22
be there for you to analyze and
25:24
verify for yourself. Like where's the custody?
25:26
Who approved this, this asset? There
25:28
was like a committee like vote
25:30
behind it. So all these governance
25:32
that exists in the traditional finance
25:34
space is going to be like
25:36
decentralized and imbued within the token.
25:38
And that will bring such like
25:40
clarity for the token that I
25:43
think will allow for people across
25:45
country to start investing easily on
25:47
specific assets from other country. Why
25:49
is that important? As an American,
25:51
I don't understand the I do,
25:53
but I'm kind of asking a
25:55
question like why international people want
25:57
to be buying assets from from other
25:59
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