Today's episode with @Mcdtv, Co-Founder of @inside_r3, dives into: - How enterprises like Bank of America and Wells Fargo are leveraging blockchain - Why R3 chose to build on @Solana - Why fixed income and alternative assets could be tokenization’s next big market TIMESTAMPS: 00:00 Intro 00:32 How Institutional Blockchain Has Changed 02:55 Why All Markets Will Move Onchain 04:08 Why Todd McDonald Started R3 06:25 Buying Bitcoin in the Early Days 07:37 How R3 Got Major Banks Onboard 09:56 What Crypto Gets Wrong About Banks 12:10 How Banks Are Using Blockchain Today 13:38 Why R3 Changed Its Strategy 14:00 Moving From Private to Open Networks 14:24 Why R3 Chose Solana 16:29 Bringing Corda to Solana 16:52 What Banks Care About in a Blockchain 18:18 What R3 Got Wrong 19:00 Lessons From R3's Early Network Strategy 20:05 Why Open Networks Win 22:05 What's Next for Banks Onchain 23:07 The Opportunity Beyond Tokenized Dollars 24:05 The Trillions in Tokenization 26:17 What Tokenization Actually Means 27:26 Bring the Assets to the Money 27:57 The State of Tokenization 28:57 What Has Changed in Five Years 30:12 What Banks Want From Tokenization 31:04 What's Next for Tokenization 31:59 Todd's Advice for Builders Watch below or on X:

Traditional credit markets can involve 12 or 13 intermediaries between lending and borrowing. @lepsoe, founder of @ETHGasOfficial, calls banking “glorified spreadsheets” and says smart contracts could cut most of those layers. The catch? Those intermediaries have a financial incentive to stay in the middle.

NEW: @Injective signs an MOU with @BDACSKorea to bring KRW1, a Korean won-backed stablecoin, to the network. This would let Korean investors and institutions access onchain markets in their own currency and settle trades directly in won, rather than having to convert to USD stablecoins. Eric Chen (@ericinjective), Co-founder and CEO of Injective, recently explained on @_TalkingTokens how being onchain changes access to capital: "The advantage of being onchain is the efficiency gain and also the ease of access to capital. If you want to invest in something, you have to go through a very, very long process filling out all the forms. Once you’re [onchain], you have access to a very broad plethora of asset offerings. So it’s kind of like a one and done deal. It’s just about identifying those who are denied or priced out of the traditional infrastructure, [and] bring them onchain."

"How Injective Is Building Financial Markets Onchain" A great episode with @ericinjective on @_TalkingTokens Mentioning the SEC transfer Agent and @injective being one of the only if not the only L1 blockchain that has it 0:08 Covering RWA perps growth 2:09 $215M+ in RWA perpetual volume & whether perps are the future of RWAS Eric highlighted the opportunities that assets & business owners have. > Saying that if you have an interesting asset or a strong business you can just tokenize it, you can raise funding and you will be on chain forever. Opening the door for an audience that you have never faced before next to a lot of other service providers

Really fun conversation w @_TalkingTokens thanks for having me on

Would Visa or Mastercard want everyone to see how much money they settle? @YuvalRooz, co-founder and CEO of Digital aAsset, which builds @CantonNetwork, explains why he sees privacy as a non-negotiable for institutional finance, public companies and payment providers.

We asked @EvernorthXRP's CFO what metric they'll be tracking and looking to increase. The response: $XRP per share.

Most blockchains were built years ago on a root design that replicates data to everyone, so privacy has to be added on as an afterthought. Canton was built the other way, privacy as an inherent property of the chain from the start. @YuvalRooz discusses with @_TalkingTokens.

Markets have usually rewarded whoever gets information first. Se Yong Park (@seyong), co-founder of @fomo, says social feeds and public blockchain data are making that information easier for everyone to see in real time. His goal? Create a more level playing field.

NEW: @Securitize can now mint and redeem stablecoins directly with @Anchorage Digital Bank, the first federally chartered crypto bank in the US, cutting out intermediaries. Earlier this month, @sergiofly, Global Head of Stablecoin Solutions at Anchorage, explained on the pod how skipping stablecoins would be "strategic suicide" for a financial institution:

IS TOKENIZATION ABOUT TO ENTER ITS COLLATERAL ERA? @Citi Research put out a report on @Aave yesterday stating that collateral mobility "may ultimately prove to be one of tokenization's most important use cases" For those who listen to @_TalkingTokens - this may sound familiar as our guests have said: - @carlosdomingo of @Securitize called the collateral use case "potentially a huge one" - @jillfriedman of @symbioticfi told me tokenized assets have to be as usable "as collateral in lending markets" - @GregoryLBell of @hashgraph said "the value proposition in many ways is collateral mobility" - @YuvalRooz of @CantonNetwork said "collateral management will probably be the first thing that scales" ...Time will tell!

An institution wants to buy $1 billion of an asset onchain. What stops someone from front-running the trade? @lepsoe, founder of @ETHGasOfficial, says institutions also need clarity on where transaction fees go. His pitch: fix MEV so big trades don't get sandwiched.

AI agents tend to follow the path of least resistance. Kevin Lepsoe (@lepsoe), founder of @ETHGasOfficial, says agents can't even get API access to a bank account, but they can “run wild on DeFi.” Could AI agents accelerate onchain adoption?

Last week, @evernorthxrp went public on Nasdaq, with plans to put its 473M $XRP treasury to work. We asked its CEO, Asheesh Birla (@ashgoblue), what that looks like: "The idea is to generate an increase [in] XRP per share, and you do that by yield opportunities around XRP."

As Rubail Birwadker, SVP, Head of Growth Products & Partnerships at @Visa, told us a year ago: "If we can provide that acceptance footprint to the hundreds of millions of customers around the world that are holding crypto or stablecoins in their custodial wallets, I think it’s a win-win."

Canton differentiates itself through privacy as a prerequisite for institutions moving financial activity onchain, and governance built around their requirements. @YuvalRooz shares what it takes to bring capital markets onchain on @_TalkingTokens.

The Canton Network isn’t a solution in search of a problem. It was built to meet businesses where they are, then solve real problems for them and their users.

When @tomgregory100, VP of Payments at @Binance, was on @_TalkingTokens back in August, he attributed much of @bstocksfinance growth to financial inclusivity: "As we unlock these services for everyday payments, everyday financial needs of our users, we’re making it a lot more accessible and unlocking new user demand as well."

In case you missed @JcRivera’s interview on @_TalkingTokens great watch, even better to see the excitement from the @evernorthxrp team.