Tokenized Podcast

🚨 Ep. 12 of Stablecoin Stories: BNY Chief Innovation & Market Transformation Officer: Collateral Mobility Is Tokenization's First Real Use Case

With hosts:

💳 @sytaylor, Head of Market Development, @tempo

🔥 @rangoldi, SVP Payments, @FireblocksHQ

With guest:

🏦 Carolyn Weinberg, Chief Innovation & Market Transformation Officer, @BNYglobal

In this episode, Sy, Ran and Carolyn discuss:

🌐 Removing global market frictions through always-on payments and collateral mobility

💸 How tokenization transforms traditional books and records into movable assets

⛓️ Reducing trapped capital and settlement delays through tokenization

🗺️ BNY’s capabilities roadmap for scaling tokenized financial products

💳 Tokenized deposits, settlement cash legs, and traditional payment messaging

🏦 Using stablecoin minting and burning to enable interoperability between banks

✅ Enabling always-on stablecoin reserve transfers through treasury pricing and legal finality

📈 Why tokenized deposits and Treasuries could reach trillion-dollar scale first

🔎 The role of public and private blockchains in institutional interoperability

🤖 Combining AI and blockchain to accelerate the financial asset lifecycle

***

Timestamps:

00:00 Introduction

2:28 Removing global market frictions through always-on payments and collateral mobility

4:31 How tokenization transforms traditional books and records into movable assets

10:35 Reducing trapped capital and settlement delays through tokenization

16:33 BNY’s capabilities roadmap for scaling tokenized financial products

25:05 Tokenized deposits, settlement cash legs, and traditional payment messaging

29:04 Using stablecoin minting and burning to enable interoperability between banks

30:39 Enabling always-on stablecoin reserve transfers through treasury pricing and legal finality

34:55 Why tokenized deposits and Treasuries could reach trillion-dollar scale first

37:34 The role of public and private blockchains in institutional interoperability

42:21 Combining AI and blockchain to accelerate the financial asset lifecycle

***

👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈

Co-Founder & CTO, @RWA_xyz, @CharlieYouAI on why 24/7 perpetuals will force futures exchanges to evolve⁣
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"Everyone sort of operates on the open and closing of the CME right now."⁣
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"When things happen outside of those hours, this was really the only venue with some semblance of volumes that people were even paying attention to."⁣
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"I think that this is going to basically force the CME and all of the other futures exchanges to roll out their twenty four seven markets."⁣
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"More recently on things like crude oil, they withdrew from the CFTC for consideration one of those twenty four seven contracts. I think that they're going to have to greatly reconsider that because, clearly, there is a lot of appetite to trade it twenty four seven."⁣
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🎙 Listen to the latest episode on Tokenizedpod(dot)com

🚨 Ep. 107 of @TokenizedPod: Wall Street Bets Big on 24/7 Perpetual Futures

@sytaylor & @PetBerisha are joined by:

👉 @CharlieYouAI, Co-Founder & CTO, @RWA_xyz

👉 @chuk_xyz, Author, Stablecoin Blueprint

To discuss:

🚀 ICE and Trade[XYZ] bring regulated perpetual futures to Hyperliquid

🏛️ Why 24/7 perpetual futures trading appeals to Wall Street

❗️ Hyperliquid’s JELLYJELLY incident and readiness for institutional markets

☁️ Google Cloud plans institutional crypto custody using multiparty computation

🏦 Bank procurement, cybersecurity and cloud outages influence custody decisions

💸 SoFi launches tokenized deposits offering 4.4% yield and stablecoin conversion

🌎 How SoFi could drive mainstream consumer adoption of stablecoins

🇭🇰 HSBC launches Hong Kong dollar stablecoin Redcoin for PayMe users

⛓️ When businesses should issue their own stablecoin or use existing alternatives

✅ 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 Hyperliquid’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

***

👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈

Partner @a16zfrontier, @nlevine19 on how stablecoins and deposit tokens interoperate:⁣
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"I look at tokenized deposits and stablecoins as sort of two isolated, but yet very complementary things."⁣
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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."⁣
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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."⁣
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"The ability to actually interoperate between their deposit token and USDC or any stablecoin for that matter is very valuable."⁣
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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.⁣
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🎙 Listen to the latest episode on Tokenizedpod(dot)com

Our guest for Monday's Tokenized Podcast

@sytaylor and @petberisha are joined by:

👉 @CharlieYouAI , cofounder, @RWA_xyz
👉 @chuk_xyz , Founder, Stablecoin Blueprint

Out on Monday at 8am PT / 11am ET / 4pm GMT Find it on 𝗔𝗽𝗽𝗹𝗲 𝗣𝗼𝗱𝗰𝗮𝘀𝘁𝘀, 𝗦𝗽𝗼𝘁𝗶𝗳𝘆 or 𝗬𝗼𝘂𝗧𝘂𝗯𝗲 by searching "Tokenized Podcast" 📷 💙