Macauley(@yeluacaM):The latest from @bgilliam1982 is a good story well told. And yet, I find it’s one of the exceedingly rare times I disagree with him. The notion of suited Mitsubishi execs walking into a New York law firm to hand-deliver a physical check seems patently absurd today. If the story happened post-tokenization, they could settle the $9 billion in stablecoins within minutes on Ethereum. Morgan Stanley Vice Chairman Rob Kindler gets to stay on vacation in Cape Cod, and his lawyer doesn’t need a new suit. Fedwire has to compete with that just as NYSE does with tokenized shares. And it’s a good thing.

2026.07.23 14:48

The latest from @bgilliam1982 is a good story well told. And yet, I find it’s one of the exceedingly rare times I disagree with him. The notion of suited Mitsubishi execs walking into a New York law firm to hand-deliver a physical check seems patently absurd today. If the story happened post-tokenization, they could settle the $9 billion in stablecoins within minutes on Ethereum. Morgan Stanley Vice Chairman Rob Kindler gets to stay on vacation in Cape Cod, and his lawyer doesn’t need a new suit. Fedwire has to compete with that just as NYSE does with tokenized shares. And it’s a good thing.