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So yeah, we do several things
to provide transparency to our clients or borrowers.

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We have a bit of a name
as the most transparent or the most

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responsible company in the space. They
used to call us a few years back

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the boring Canadians, but after twenty
twenty two, be boring became a very

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positive thing. You're listening to Carrie
Letts's Financial Survival Network, where you get

6
00:00:24,399 --> 00:00:29,960
valuable information you just can't find anywhere
else to thrive in today's trying times.

7
00:00:30,239 --> 00:00:36,240
You need the Financial Survival Network now
more than ever. Go to Financial Survival

8
00:00:36,240 --> 00:00:41,920
and Network dot com and get your
free newsletter and gift. Financial Survival Network

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00:00:42,439 --> 00:00:51,079
now more than ever, And welcome. You are listening to watching the Financial

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00:00:51,159 --> 00:00:55,960
Survival Network. I'm your host,
Carrie Lutts, And hey, we're second

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to last week of August and things
are racing by, but the world waits

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for no one. And well,
hey, it's just in Vegas for a

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weekend to go see a concert and
meet some friends. And it rained the

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entire time I was there, which
was actually a good thing because instead of

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it being one hundred degrees, it
was eighty degrees. A little human,

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which is unusual for Vegas if you've
been there in the summer. But innovation

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continues. Probably no place where innovation
is taking faster than taking hold faster than

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in the crypto sector. Mauricio di
Bartolomeo is with us and now and his

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company, and I hope I say
this right is Leaden and Hey Mauricio,

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welcome to the show. So Leaden
Private Wealth, Leaden Capital, tell us

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what exactly you do in the crypto
space? Hey, Gary, thanks for

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having me, sure and happy to
tell you about what we do. So

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our product, our flagship product is
very simple. We issue dollar loans backed

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by bitcoin collateral. So that is
a product that gets you dollar liquidity without

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having to sell your bitcoin or create
a taxable event. So the main benefits

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to this product is that you get
the dollars you need and maintain ownership of

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your bitcoin, so you get to
keep the upside of the asset appreciates while

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you have the loan. By taking
a loan and not selling, you're not

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creating a taxable event, so in
most jurisdictions that is avatigis from tax perspective.

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Then you can repay the loan and
get your collateral back. That is

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the product we've been doing this as
twenty eighteen, we processed thousands of these,

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almost six hundred million dollars worth of
these loans. And the other product

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that we offer is the ability to
learn interest on both US stable cooin dollars

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stable coins. That's how we financed
the bitcoin back loans. So we pay

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nine toward poll Newark. We charge
to a point nine to the borrowers,

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and you can also earn interest on
your bitcoin, so passive income on your

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So sorry, all things lending and
borrowing for bitcoin of stable coins, all

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right, got it? So okay? Well, yeah, any collateralized lending,

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especially for a digital asset, person's
gonna wonder how do I know my

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collateral is safe? How do I
know the companies are going to blow up

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and I lose all my collateral.
You must have some type of trust arrangement

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to secure the collateral. So yeah, we do several things to provide transparency

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to our clients or borrowers. We
have a bit of a name as the

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most transparent or the most responsible company
in the space. They used to call

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us a few years back, the
boring Canadians, but after twenty twenty two,

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be Boring became a very positive thing
and already give us apprentices exactly boring

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is sex seed again, as we
like to say, But in twenty twenty

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one it was. It was a
hard pitch because back then we were to

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people when other companies were introducing a
new tokens and new ways to speculate,

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we were introducing proof of reserves.
So in proof of reserves is a process

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whereby we bring in accountant to Lettin
every six months to verify the assets that

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we have on behalf of clients and
to verify where those assets are in our

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accounts and our exchange partners, lending
partners, custody, etc. Banks and

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they verify that we have more than
of assets to cover our client liabilities.

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They produce a report. The report
is made available to our clients. This

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happens every six months, our next
ones up in October. And the other

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thing that we do is we produce
what's called the open book report, so

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all of our clients when they log
into our accounts in their growth account dashboards

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or you can check this out at
our blog as well. Every month we

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publish how we are utilizing the assets
at Lettin to generate the interests that we

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pay out. So for example,
on the US and EC side, we

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will show you how much or what
percentage of those dollars are being deployed to

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finance a bitcoin back loan book and
the bitcoins. We will show you how

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many, how much more percentative each
of that pool it's led to each institution,

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and how many institutions are actively borrowing
from that pool. So our clients

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can see both how we are accounting
for the assets, how we are utilizing

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the assets, and they can basically
make their own decisions with that information.

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Okay, so this is audited,
these reports, it's not an audit.

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It's called the proof of reserves at
the station and it's produced by a group

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called the Network. They are to
certified public accountant. But again, this

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is not what's called a full audit. That's something that we are planning to

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do further down the line. But
today it's a proof of reserves at the

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station and it is the ongoing overbook
purports that are available. Oh yeah,

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gotcha, gotcha? All right,
So how is business? By the way,

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it's good. I mean, it's
the you've seen what happened in the

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markets last year. Twenty twenty two
was a year where a lot of our

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competitors, unfortunately, who were doing
a lot of irresponsible things and acting recklessly,

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they went under and by virtue of
that they were fortunately took down a

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lot of client assets with them,
and there were up in twenty twenty two,

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there was about I would I want
to say, there were about senator

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eight venues or platform where you could
go borrow against your bitcoin or against your

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digital asset. Today there's basically us
left. There aren't that many places left

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to do this. And the reality
is that these products are non discretionary in

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the sense that you don't wake up
in the morning and say today is a

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great day for a loan. You
know alone, You take a loan because

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you need a loan, and the
reasons the reasons why you need a loan

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don't necessarily change day to day,
or they don't change because of a particular

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event occurred, like say FDx.
So, for example, a person that

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was bitcoin wealthy two years ago and
needed a loan to buy or a property

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or to diversify away from bitcoint and
that platform is no longer there, they

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will not stop needing a loan,
you know, they still need a loan

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this year. And so we're seeing
a lot of the demand Carlson Train back

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to lead it, and we are
becoming the leader. We are the leader

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and this product offering, and so
it's something that we are We're not happy

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that these bad actors cause so much
pain and damage to people, but it

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is great to see that these these
people are no longer in the industry,

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and so a lot of the volume
and the flows are concentrating back to the

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good actors and uh and I'm very
bullish and optimistic on the future of this

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industry and of this particular product,
mainly to them from Venezuela. So I'm

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from the part of the world where
you cannot get ah, you can't get

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a single digit dollar financing loan for
a house. Mortgages largely don't exist for

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the not extremely wealthy people outside of
the US, Canada, Australia. Maybe

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they always see OECD countries. And
now with bitcoin, I can give somebody

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alone in Colombia at the same rates
that I'm issuing alone in Canada, with

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the same level of service, with
the same treatment that wasn't out that couldn't

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be done before bitcoin, and that
will change the world. Okay, So

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places like Venezuela are not exactly known
to be the freest places on the planet

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for sure, So is the government
trying to stop you there? Have they

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tried to, Have they taken any
steps to restrict you, or can they

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even do it? So in many
countries there has been no effort to put

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in a framework for the regulating offerings
in crypto assets. So for example,

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in the even in the country like
the US, you're just starting to see

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a framework emerge for some of these
services. Similar in places like Canada or

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different parts of the world. And
even when these frameworks are emerging, they

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are emerging for a particular activity.
So for example, in Canada, they

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have a brain framework now for trading
platforms, but they do not have a

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great framework for lending offerings. So
what that What that does in the way

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we adapt the regulation is when a
product or a particular service is regulated in

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a particular country, we have to
go make sure that our product abides by

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those local regulations in the countries or
places where there is no regulation yet.

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Uh, it's it's uh, it's
not as uh, there is not as

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restrictive today because again the rules have
not been laid out today. So in

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a place like the other thing that
you have with a country like Venezuela is

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that it has an illegitimate government.
So you could even question, uh,

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you know, I would question deeply
any type of legislation coming out of that

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body, because again it's an illegitimate
body of government. Okay, well we

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00:10:05,720 --> 00:10:11,639
could get into that. So and
it's the great equalizer. Yeah and all

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right, So how hard is it
to set up an account? It's very

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simple. It's you can register an
account with Letting in under two minutes.

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The services and products that are available
to you will largely vary depending on the

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jurisdiction that you are in. So
for example, in a place like the

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US, we can offer our dollar
loans backed by bitcoin in a number of

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states, not all of them,
but the vast majority of the states,

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or a number of the states.
I shouldn't say a vasque majority consistent,

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but it's about half. In Canada, same thing, we can offer bitquoickbac

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loans broadly speaking into most provinces.
But for example, if you are in

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a country like anyway, most of
Latin America, I would say with our

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00:10:52,039 --> 00:10:56,679
leaving a specific country would have access
to our biquinmac loans, our b two

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x loans are yield product and passive
income on both your stable coin and your

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00:11:01,879 --> 00:11:07,120
bitcoin BCNS and a plethora of other
services that we have. But again that

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varies depending on where in the world
you are. But setting up an account,

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it takes on the two minutes anyone
watching or listening go to letting dot

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00:11:13,440 --> 00:11:16,000
io and set up an account.
Very cool. So so it's easy to

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do, huh. That's the beauty
with digital assets is you know, for

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somebody in where I grew up in
Venezuela. You know, if you are

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00:11:26,720 --> 00:11:30,960
a person that lives in a smaller
city, there are no band branches in

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00:11:31,000 --> 00:11:33,639
your smaller cities. Sometimes you have
to travel three to four hours to set

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00:11:33,679 --> 00:11:39,639
up an account any fascional institution.
It's it's very difficult to have access to

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00:11:41,240 --> 00:11:46,120
both physical or digital banking infrastructure in
a lot of Latin America. And what

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00:11:46,200 --> 00:11:50,200
digital assets have done is that now
everybody with a phone can open an account

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00:11:50,200 --> 00:11:56,600
and letting and have an address where
they can receive dollars from anywhere in the

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world. Because now anybody can send
you a crypto asset stable point and you

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00:12:00,960 --> 00:12:03,600
can receive that into your account.
You can already start earning interests you can

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00:12:03,639 --> 00:12:09,440
start making payments internationally, and so
it connects you to a wealth of services

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00:12:09,480 --> 00:12:16,320
of much higher quality in a much
faster way and gets to people that are

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00:12:16,320 --> 00:12:20,840
in remote locations because all you need
is an Internet connection. Gotcha all right?

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00:12:22,240 --> 00:12:26,679
So where do we go? How
do you set it up? So

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00:12:26,960 --> 00:12:30,320
to set up an account, you
would go to lettin dot io at the

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00:12:30,360 --> 00:12:33,840
top right hand corner. You will
see a button that says sign up and

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00:12:33,000 --> 00:12:37,759
you can click and sign up.
We are a centralized entity, so that

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00:12:37,799 --> 00:12:41,000
means that we have to go through
the know your Client process, so you

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00:12:41,039 --> 00:12:46,159
will have to provide your personal information
a copy of your ID to get through

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00:12:46,200 --> 00:12:50,360
the process that should take you about
five minutes to complete. Our team should

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00:12:50,399 --> 00:12:52,600
renew a process that with about within
about twenty four to forty eight hours,

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00:12:52,759 --> 00:12:56,360
you will receive a note that your
account has been approved. Once your account

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00:12:56,440 --> 00:13:01,279
is approved, you can log in
and you will see if the addresses to

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00:13:01,440 --> 00:13:05,279
fund your account either in stable coins
or in bitcoin. And once your account

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00:13:05,399 --> 00:13:09,480
is funded, you have access to
the products there are available to you,

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00:13:09,360 --> 00:13:13,360
and if you have any questions about
anything that is on the platform where what

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00:13:13,519 --> 00:13:16,120
is available, you can email our
team at support at that and dot io.

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We get back to clients within hours, you know, less than an

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00:13:20,039 --> 00:13:24,519
hour most of the times, and
our team is fantastic helping people get set

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up. All right, excellent,
Well, it sounds very innovative and I'm

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00:13:30,279 --> 00:13:33,879
sure it's for some of you out
there. It will be very useful.

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That's where you get to keep your
You get to have your cake and eat

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00:13:39,399 --> 00:13:43,879
it too effectively. Obviously for a
fee. Nobody's in this for nothing and

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sounds safe. Appreciate you coming on, Ory CEO. There's a link to

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00:13:48,919 --> 00:13:54,720
Leaden in the show notes this interview
on Financial Survival Network dot com. Make

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00:13:54,759 --> 00:13:56,559
sure you click it while you're there. Sign up for your free newsletter.

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00:13:56,759 --> 00:14:01,399
Mauricio bet a total pleasure, good
luck, Thanks so much, Thank you,

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00:14:01,480 --> 00:14:07,159
Cary, thanks for listening to carry
Lets's Financial Survival Network, your solution

182
00:14:07,360 --> 00:14:11,600
to today's trying times. For the
latest, go to Financial Survival Network dot

183
00:14:11,679 --> 00:14:16,840
com. Financial Survival Network now more
than ever,