🚨 Ep. 101 of @TokenizedPod: SEC Unlocked Tokenized Stocks @sytaylor & @cuysheffield are joined by: 👉 @chandhok, Chief Product & Technology Officer, @circle 👉 Simone Maini, Chief Executive Officer, @elliptic To discuss: 🗓️ SEC five-year exemption for tokenized US stock trading 🏛️ AMMs and their role in traditional capital markets 🚀 Circle launches Arc mainnet with USDC transaction fees 🔐 Arc privacy features and institutional compliance monitoring 🛠️ Building onchain FX markets using global stablecoins 🌐 S&P Global acquisition of smart contract auditor OpenZeppelin 🤝 Regulators adopting technology for onchain compliance and oversight ⛓️ Blockchain audit trails and crypto trust primitives for AI 🇭🇰 BlackRock tokenized Hong Kong dollar money market fund 🏦 Tokenized money market funds as stablecoin reserve assets *** Timestamps: 00:00 Introduction 2:19 SEC five-year exemption for tokenized US stock trading 9:32 AMMs and their role in traditional capital markets 13:58 Circle launches Arc mainnet with USDC transaction fees 17:51 Arc privacy features and institutional compliance monitoring 20:04 Building onchain FX markets using global stablecoins 24:33 S&P Global acquisition of smart contract auditor OpenZeppelin 33:14 Regulators adopting technology for onchain compliance and oversight 37:21 Blockchain audit trails and crypto trust primitives for AI 41:10 BlackRock tokenized Hong Kong dollar money market fund 45:06 Tokenized money market funds as stablecoin reserve assets *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈

🚨 Ep. 98 of @TokenizedPod: Revolut Launched a Stablecoin. Are Big Banks Next? @sytaylor & @cuysheffield are joined by: 👉 @ThomasCowan93, Head of Tokenization, @Bullish 👉 @hm_arnold, COO, @turnkeyhq To discuss: 🚀 Revolut launches Euro R stablecoin through Bridge in Europe 💵 Revolut’s potential shift toward multicurrency onchain accounts 📈 Stablecoins as cash legs for tokenized equity trading 💳 Stablecoin payout wallets expanding into yield and investment products 💸 Standard Chartered brings regulated Hong Kong dollar stablecoin to institutions 🇨🇳 Hong Kong’s stablecoin model for 24/7 China linked financial markets 📊 China’s digital yuan struggles vs private sector stablecoin innovation 📈 Fasset reaches billion dollar valuation using stablecoins for global settlement 🏦 Stablecoin neobanks face low barriers, competition and differentiation challenges ⛓️ LayerZero ATLAS builds headless exchange infrastructure for onchain equities *** Timestamps: 00:00 Introduction 0:56 Revolut launches Euro R stablecoin through Bridge in Europe 5:16 Revolut’s potential shift toward multicurrency onchain accounts 11:09 Stablecoins as cash legs for tokenized equity trading 15:35 Stablecoin payout wallets expanding into yield and investment products 17:55 Standard Chartered brings regulated Hong Kong dollar stablecoin to institutions 22:48 Hong Kong’s stablecoin model for 24/7 China linked financial markets 27:36 China’s digital yuan struggles vs private sector stablecoin innovation 31:58 Fasset reaches billion dollar valuation using stablecoins for global settlement 34:14 Stablecoin neobanks face low barriers, competition and differentiation challenges 40:17 LayerZero ATLAS builds headless exchange infrastructure for onchain equities *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈

🚨 Ep. 97 of @TokenizedPod: Every Correspondent Bank Will Support Stablecoins @sytaylor & @cuysheffield are joined by: 👉 @annabelleacta, CBO, @DinariGlobal 👉 @FerdiDabitz, Co-Founder & CEO, @augustus_bank To discuss: 🤝 Stripe’s OpenRouter acquisition and model orchestration strategy 🤖 Stablecoin payments for AI inference through MPP 💰 Financing AI compute infrastructure and rising private credit demand 💳 Stablecoin card settlement lowering barriers for smaller issuers 🌐 Trapped liquidity, cross-border payments and emerging market stablecoin adoption 🏦 Modernizing correspondent banking with stablecoin liquidity rebalancing 📊 Tokenized stock models, ownership rights and synthetic instruments 🪙 24/7 tokenized securities, lending markets and index products ⚖️ SEC crypto offering rules, token issuance and liquidity 🛤️ 24/7 financial rails, Fedwire limitations and operational bottlenecks *** Timestamps: 00:00 Introduction 03:23 Stripe’s OpenRouter acquisition and model orchestration strategy 08:54 Stablecoin payments for AI inference through MPP 11:00 Financing AI compute infrastructure and rising private credit demand 14:26 Stablecoin card settlement lowering barriers for smaller issuers 16:38 Trapped liquidity, cross-border payments and emerging market stablecoin adoption 20:44 Modernizing correspondent banking with stablecoin liquidity rebalancing 26:24 Tokenized stock models, ownership rights and synthetic instruments 30:29 24/7 tokenized securities, lending markets and index products 35:58 SEC crypto offering rules, token issuance and liquidity 39:06 24/7 financial rails, Fedwire limitations and operational bottlenecks *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈

🚨 Ep. 96 of @TokenizedPod: Deel Goes Live With Stablecoin Earn in 80 Markets @sytaylor & @cuysheffield are joined by: 👉 @LucaProsperi, Co-Founder & CEO, @m0 👉 @ryanbozarth, Co-Founder & CEO, @dakota_xyz To discuss: 🛤️ Rain acquires Ansa to put branded wallets on stablecoin rails 🥇 Tokenized loyalty points become liquid, interoperable and convertible with stablecoins 💳 Stablecoin linked cards become table stakes for neobanks 🌐 Global co-brand cards could combine loyalty with onchain credit ↔️ Brazil imposes 24-hour holds on large stablecoin transfers 👛 Brazil rules may push stablecoin flows toward self-custodial wallets 🌎 Deel expands stablecoin payroll and earn products across 80 markets 🤔 Vault products raise questions around collateral, risk and scalability 📈 Nasdaq acquires Level Markets to advance 24/7 capital markets 🕸️ Stablecoins connect capital markets, payments and corporate treasury management *** Timestamps: 00:00 Introduction 1:10 Rain acquires Ansa to put branded wallets on stablecoin rails 2:44 Tokenized loyalty points become liquid, interoperable and convertible with stablecoins 6:55 Stablecoin linked cards become table stakes for neobanks 11:20 Global co-brand cards could combine loyalty with onchain credit 14:45 Brazil imposes 24-hour holds on large stablecoin transfers 18:45 Brazil rules may push stablecoin flows toward self-custodial wallets 25:37 Deel expands stablecoin payroll and earn products across 80 markets 30:54 Vault products raise questions around collateral, risk and scalability 45:04 Nasdaq acquires Level Markets to advance 24/7 capital markets 48:50 Stablecoins connect capital markets, payments and corporate treasury management *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈

Agentic commerce is still tiny, held back by cost.⁣ ⁣ @i_zerbib (Founder & CEO,@sapiom) on the latest episode of Tokenized with hosts ⁣ @sytaylor and @bamazizimesh said:⁣ ⁣ "We are talking about trillions in the machine economy in the next three to five years."⁣ ⁣ He puts the breakout six to twelve months out.⁣ ⁣ 🎙️ Listen on Tokenizedpod(dot)com

Most teams cannot tell which AI model fits a task, so they default to the priciest one.⁣ ⁣ @i_zerbib (Founder & CEO, ⁣ @sapiom) made the point on the latest episode of Tokenized with hosts @sytaylor and @bamazizimesh⁣ ⁣ "No one knows what's the best model. So everyone defaults to the most expensive one."⁣ ⁣ Sapiom routes tasks to open-weight models, cutting costs 60 to 90%.⁣ ⁣ 🎙️ Listen to the latest episode on Tokenizedpod(dot)com

Autonomous agents don't use inference the way a human-prompted app does. That difference alone can bankrupt a product. Ilan Zerbib (Founder & CEO, @sapiom) made the point on the latest episode of Tokenized with hosts @sytaylor and @bamazizimesh. A human decides when to make each request. An agent can call the model whenever it wants, with no one pacing the spend. "The cost of inference grew from like zero, spiked to $1.2 million after three months of operation." 🎙️ Listen to the latest episode on

Machine to machine payments need money that can settle in a millisecond for a fraction of a cent.⁣ ⁣ @i_zerbib , Founder at @sapiom, on the latest episode of Tokenized with hosts @sytaylor and @bamazizimesh said:⁣ ⁣ "If you want an agent that buy in real time an SMS, a search request, one millisecond of compute, those are only possible through stablecoins, like programmatic money that can settle in real time, and that can have extremely low fees."⁣ ⁣ He sees stablecoin rails as the infrastructure layer under the agent economy.⁣ ⁣ 🎙 Listen to the latest episode on Tokenizedpod(dot)com

Agentic commerce isn't hypothetical anymore. It's just still small. Ilan Zerbib (Founder & CEO, @sapiom) made the case on the latest episode of Tokenized with hosts @sytaylor and @bamazizimesh. He put the current agent economy at trillions of dollars away, but only three to five years out, with the real breakout much closer than that. "We're six to twelve months away from that market." Sapiom's bet is on abstracting away the complexity for builders now, so they're already in place once that volume actually lands. 🎙️ Listen to the latest episode on

🚨 Ep. 11 of Agentic Commerce: From Shopify to Sapiom: Building the OS for Agentic Commerce @sytaylor & @bamazizimesh are joined by: 👉 @i_zerbib, Founder & CEO, @sapiom To discuss: 👁️ Sapiom’s vision for agent infrastructure 🤖 Agent identity, delegated authority, reputation and agent credit scores ⚡️ Why stablecoins could power the machine-to-machine economy 🛠️ Sapiom’s agent studio, runtime, governance and intelligent model routing 💸 Reducing inference costs with open-weight models and dedicated GPUs 🌐 Real-world agent use cases across coding, marketing and advertising 📈 When agentic commerce and the machine economy will accelerate 🤔 Why consumer reluctance limits autonomous AI shopping adoption ❓ Why agent interfaces may shift from websites to APIs *** Timestamps: 00:00 Introduction 4:12 Sapiom’s vision for agent infrastructure 6:43 Agent identity, delegated authority, reputation and agent credit scores 8:59 Why stablecoins could power the machine-to-machine economy 13:41 Sapiom’s agent studio, runtime, governance and intelligent model routing 15:30 Reducing inference costs with open-weight models and dedicated GPUs 21:22 Real-world agent use cases across coding, marketing and advertising 23:47 When agentic commerce and the machine economy will accelerate 24:56 Why consumer reluctance limits autonomous AI shopping adoption 32:12 Why agent interfaces may shift from websites to APIs *** 👉 𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈

A fund that lives entirely on-chain removes the need to keep converting between on-chain and offchain systems.⁣ ⁣ @TuongvyLe12 , General Counsel, @veda_labs on the latest episode of Tokenized with @sytaylor and @cuysheffield said:⁣ ⁣ "Bailee Gifford launched a native fund, like a fund that is native to the blockchain. And that actually solves so many operational and administrative inefficiencies that exist now because you have to convert constantly between different forms and on chain versus off chain."⁣ ⁣ Every conversion between forms today means reconciliation, settlement lag and extra operational risk that a native structure simply removes.⁣ ⁣ 🎙 Listen to the latest episode on Tokenizedpod(dot)com

"These transactions carry chargeback rights, and stablecoin settlement is irreversible." Tuongvy Le, General Counsel at @veda_labs, pointed to the mismatch built into putting a Visa card on a stablecoin balance. Card finality assumes disputes can be reversed. Stablecoin settlement doesn't work that way. She also flagged a second shift already underway. The moment an issuer adds yield to an idle balance, the product stops looking like a payments tool and starts looking like a security. 🎙️ Listen to the latest episode on

Agent traffic is starting to outpace human traffic on the internet, and that breaks the old ad model for publishers. @cuysheffield on the latest episode of Tokenized with cohost @sytaylor and guests @natalyathakur and @TuongvyLe12 said: Cloudflare's answer is a payment gate for bots. Block them, or let them crawl for a fee. “Yeah sure you can crawl my site but I'm gonna charge you one cent or 2 cents you know for doing that.” The harder problem sits on the buy side. Give an agent its own wallet, spun up from a parent account, so it can pay its way across the web when it hits a paywall. 🎙️ Listen to the latest on tokenizedpod(dot)com

Wells Fargo is tokenizing deposits but it’s not trying to turn them into stablecoins. @natalyathakur, Founder & CEO of @KnovaFinance, explained on Tokenized with @sytaylor and @cuysheffield: “This is a defensive position. It's how do I defend my deposit base, and how do I do it with better plumbing.” The key difference: tokenized deposits stay within the bank’s ecosystem, preserving deposit protections, while stablecoins are built to move freely across wallets, borders, and networks. 🎙️ Listen to the latest episode on Tokenizedpod(dot)com

🚨 Ep. 95 of @TokenizedPod: The Era of 24/7 Money @sytaylor & @cuysheffield are joined by: 👉 @natalyathakur, Founder & CEO, @KnovaFinance 👉 @TuongvyLe12, General Counsel, @veda_labs To discuss: 🚀 Western Union and Rain launch Stablecard in 37 markets 🪙 Idle stablecoin balances and yield earning potential 💳 Self custodial model attractiveness for internationalization 🏦 Western Union business model shift with wallet plus card 👀 Stablecoins as opportunity not threat for banks 🏛️ Wells Fargo tokenized deposits for corporate clients ❗️ Interoperability risks of bank permissioned blockchain networks 🤔 Safety and soundness concerns with 24/7 programmable deposits 🤖 Cloudflare programmable wallets for AI agent payments 💰 BlackRock tokenized money market funds for stablecoin reserves *** Timestamps: 00:00 Introduction 2:04 Western Union and Rain launch Stablecard in 37 markets 3:46 Idle stablecoin balances and yield earning potential 5:44 Self custodial model attractiveness for internationalization 6:23 Western Union business model shift with wallet plus card 10:00 Stablecoins as opportunity not threat for banks 15:06 Wells Fargo tokenized deposits for corporate clients 19:54 Interoperability risks of bank permissioned blockchain networks 26:41 Safety and soundness concerns with 24/7 programmable deposits 33:57 Cloudflare programmable wallets for AI agent payments 44:02 BlackRock tokenized money market funds for stablecoin reserves *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈

AI agents can now hold wallets. But what would happen if they go off script? @TuongvyLe12, General Counsel, @veda_labs on Tokenized with @sytaylor and @cuysheffield said: “The constraints are enforced by the actual infrastructure, the agent can act freely within that mandate, but structurally it can't act outside of it.” When something goes wrong, a court will ask what permissions the AI had and who was watching. Just because it's an AI doesn't mean its actions can't be traced back to a human decision. 🎙️ Listen to the latest episode on Tokenizedpod(dot)com

Investment firm @BaillieGifford recently launched the Baillie Gifford Enhanced Yield Fund aka BAGEY: an onchain, regulated tokenized bond fund natively on Ethereum and Solana. "That is where we are headed." @TuongvyLe12 on @TokenizedPod:

Stablecoin settlement never sleeps. Bank liquidity rules do. Tuongvy Le, General Counsel at @veda_labs and a former GC at a federally regulated bank, walked through what 24/7 programmable money does to safety and soundness on the latest episode of Tokenized with hosts @sytaylor and @cuysheffield. Wholesale deposits are hot money. Consumer deposits are sticky. Silicon Valley Bank showed what happens once the hot money can move instantly. One bank modelled the hit to its liquidity coverage ratio from offering weekend stablecoin settlement to institutional clients. The result was some deposit flight and a real balance sheet cost. "You can offset that by charging fees for people to make payments over a weekend that they couldn't before." 🎙️ Listen to the latest episode on

🚨 Ep. 95 of @TokenizedPod: The Era of 24/7 Money @sytaylor & @cuysheffield are joined by: 👉 @natalyathakur, Founder & CEO, @KnovaFinance 👉 @TuongvyLe12, General Counsel, @veda_labs To discuss: 🚀 Western Union and Rain launch Stablecard in 37 markets 🪙 Idle stablecoin balances and yield earning potential 💳 Self custodial model attractiveness for internationalization 🏦 Western Union business model shift with wallet plus card 👀 Stablecoins as opportunity not threat for banks 🏛️ Wells Fargo tokenized deposits for corporate clients ❗️ Interoperability risks of bank permissioned blockchain networks 🤔 Safety and soundness concerns with 24/7 programmable deposits 🤖 Cloudflare programmable wallets for AI agent payments 💰 BlackRock tokenized money market funds for stablecoin reserves *** Timestamps: 00:00 Introduction 2:04 Western Union and Rain launch Stablecard in 37 markets 3:46 Idle stablecoin balances and yield earning potential 5:44 Self custodial model attractiveness for internationalization 6:23 Western Union business model shift with wallet plus card 10:00 Stablecoins as opportunity not threat for banks 15:06 Wells Fargo tokenized deposits for corporate clients 19:54 Interoperability risks of bank permissioned blockchain networks 26:41 Safety and soundness concerns with 24/7 programmable deposits 33:57 Cloudflare programmable wallets for AI agent payments 44:02 BlackRock tokenized money market funds for stablecoin reserves *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈