Blockchain’s Threat to Banking

On Ep. 78 of Tokenized, Simon Taylor, Head of Market Development @ Tempo and Cuy Sheffield, Head of Crypto @ Visa, are joined by Prabhakar Reddy, CEO & Founder @ OpenFX and Thomas Cowan, Head of Tokenization @ Galaxy to discuss inspiration for Open FX, the three distinct eras of stablecoin FX liquidity evolution and more!

Timestamps:

• 00:00 Introduction
• 1:48 Inspiration for Open FX from Western Union remittance queues
• 4:45 The three distinct eras of stablecoin FX liquidity evolution
• 6:45 Banks are designed to hold deposits not move money
• 10:47 FX settlement speed bottlenecks in developed G10 currencies
• 18:35 Jamie Dimon's annual letter acknowledges blockchain and stablecoin threats
• 24:32 International banking pressure to adopt stablecoin payment rails
• 29:20 Tokenization growth and use cases decoupled from Bitcoin volatility
• 32:09 Onchain shareholder voting for tokenized equity using Broadridge
• 40:53 Tokenized equities will expand global access to US markets

Tokenized is sponsored by Visa

A world leader in digital payments, Visa is bridging the gap between traditional financial institutions and innovative blockchain networks, helping players in the payments ecosystem navigate the ever-evolving world of tokenized fiat currencies with confidence and ease. Learn more at visa.com/crypto.

Tokenized is presented by Bridge, a Stripe company.

Just like the internet made information global, stablecoins are making money global. And Bridge, a Stripe company, is the infrastructure powering that shift. Built for speed, scale, and simplicity, Bridge helps businesses send, store, convert, and spend stablecoins instantly, all without borders or having to navigate the complexities of crypto. Learn more at bridge.xyz

Tokenized is presented by M0

Stablecoins are becoming global financial infrastructure. It's time for that infrastructure to mature. If you're a brand, you should have your own stablecoin set to the behavior of financial flows moving through your product. If you're an issuer, you want to be the stablecoin partner for the most valuable brands. M0 is the only platform where issuers and brands get together to build digital money products for the world. Learn more at m0.org

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We’d also like to remind you that the views or opinions of our contributors today are their own and do not necessarily reflect those of the companies they are representing. Nothing we say should be taken as tax, financial, investment or legal advice, do your own research!

 

Music by Henry McLean