WEBVTT

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<v Speaker 1>The idea behind ever North is like, really to make

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<v Speaker 1>it easier for folks to buy, hold and get exposure

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<v Speaker 1>to XRP. It's like, let's make it as easy as

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<v Speaker 1>buying Tesla stock in your brokerage account. I wanted to

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<v Speaker 1>see the XRP ecosystem grow, and so I started thinking

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<v Speaker 1>about what would make it easier for institutions to develop products,

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<v Speaker 1>for developers to build more products on the XRP ledger

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<v Speaker 1>and other blockchains as well.

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<v Speaker 2>So, in regards to you everyone, how are you going

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<v Speaker 2>to be buying the XRP and how are you going

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<v Speaker 2>to be custoding it?

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<v Speaker 1>Yeah, so we'll be using all mechanisms available to buy

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<v Speaker 1>XRP on the market.

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<v Speaker 2>This episode is brought to you by Uphold, which is

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<v Speaker 2>a great crypto platform that makes it easy to buy, sell,

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<v Speaker 2>and stay crypto assets. Uphold has over three hundred plus cryptocurrencies,

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<v Speaker 2>including bitcoin in all the top all coins, and they

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<v Speaker 2>offer a crypto staking on over nineteen crypto assets. I've

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<v Speaker 2>been a user of the platform for many years. They

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<v Speaker 2>are safe and reliable, they don't commingle or lend out

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<v Speaker 2>your crypto funds, and they are one hundred percent reserve.

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<v Speaker 2>You can review their transparency report. Uphold also offers an

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<v Speaker 2>amazing rewards program where you can earn up the five

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<v Speaker 2>point two five percent on stable coins. This rewards program

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<v Speaker 2>also allows you to get twenty four hour early access

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<v Speaker 2>to new tokens that they list, and to participate, you

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<v Speaker 2>just simply have to open the app once per month,

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<v Speaker 2>deposit fifty dollars once per month, and trade fifty dollars

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<v Speaker 2>once per month. And the stable coins that they support

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<v Speaker 2>includes Ripples, r L USD. You can earn up the

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<v Speaker 2>five percent on that stable coin and five point two

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<v Speaker 2>five percent on USBC. So if you'd like to learn

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<v Speaker 2>more about Uphold and all the great services they offer,

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<v Speaker 2>visit the link in the description. Hey folks, welcome into

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<v Speaker 2>the Thinking Crypto podcast. I'm your host Tony Edward and

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<v Speaker 2>joining me today's Ashish Berla, who is the CEO of

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<v Speaker 2>ever North, which is an XRP focused digital APPA said

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<v Speaker 2>treasury company. She's great to have you.

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<v Speaker 1>Tony, thank you again for having me on your pod,

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<v Speaker 1>And well, I want to thank you Tony. You've been

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<v Speaker 1>such a big supporter of the entire XRP ecosystem through

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<v Speaker 1>the thick through the thin. Thank you for all your support.

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<v Speaker 1>You're one of the good guys out there. I appreciate that.

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<v Speaker 2>And the last time we saw each other or even

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<v Speaker 2>spoke to each other was last year Ripple Swell in Miami.

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<v Speaker 2>I think we were both a little drunk, but it

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<v Speaker 2>was good times.

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<v Speaker 1>Yeah. I mean, it's always always a good time to

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<v Speaker 1>see you, Tony. You know, Miami's a is a great city.

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<v Speaker 1>You know. I'll be in New York for Ripples Swell conference.

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<v Speaker 1>I'm excited to m see that event, and then I'll

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<v Speaker 1>be speaking on a panel as well, moderated by Michael

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<v Speaker 1>Arrington about ever North.

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<v Speaker 2>Yeah, it's exciting. She So, you know, after you left Ripple,

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<v Speaker 2>was this the project you were working on or were

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<v Speaker 2>you doing other things?

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<v Speaker 1>Yeah? So I stayed connected to the crypto ecosystem, you know,

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<v Speaker 1>over the time on a personal behalf. I've made over

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<v Speaker 1>you know twenty digital asset and infrastructure as investments in

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<v Speaker 1>the crypto space, mainly because I believe in the space, uh,

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<v Speaker 1>you know, for the long term, and I wanted to

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<v Speaker 1>see the XRP ecosystem grow, but I think it needed

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<v Speaker 1>more infrastructure around it. It was still too hard to

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<v Speaker 1>build products in crypto in general, and so I started

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<v Speaker 1>thinking about, well, what would make it easier for institutions

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<v Speaker 1>to develop products, what would make it easier for developers

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<v Speaker 1>to build more products on the XRP ledger and other

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<v Speaker 1>blockchains as well.

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<v Speaker 2>Absolutely, and actually, I mean we went through a very

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<v Speaker 2>hard time, you know, four years of Gary Genser, and

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<v Speaker 2>but it seems like that the tide has changed. The

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<v Speaker 2>industry is being embraced by the United States. And how

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<v Speaker 2>are you feeling about this new environment? And you know,

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<v Speaker 2>tradifying all these companies now coming in and building.

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<v Speaker 1>You know, you're seeing stable coins. You know, just get

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<v Speaker 1>the Genius Act passed and within a few months it's

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<v Speaker 1>already up, you know, twenty percent in terms of market

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<v Speaker 1>cap post you know, Genius Act becoming you know law,

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<v Speaker 1>and you're going to see that same ecosystem development as

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<v Speaker 1>new laws are passed in government. But again, Tony, you

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<v Speaker 1>hit it on the head that the administration is behind

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<v Speaker 1>innovative technologies like blockchain. And by the way, this this

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<v Speaker 1>should sound familiar because in the nineties the government got

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<v Speaker 1>behind the Internet, and now you see post nineties the

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<v Speaker 1>growth in the Internet. But again, good regulation, good legislation

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<v Speaker 1>helps spur innovation and growth and going to see that

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<v Speaker 1>with with blockchain as well. Yeah.

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<v Speaker 2>Absolutely, And many people are waiting for the Clarity Act

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<v Speaker 2>specifically to pass. You mentioned the Genius Act specifically for

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<v Speaker 2>stable coins, but the market structure has the meat and potatoes,

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<v Speaker 2>and I can't wait to see post Clarity Act passing

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<v Speaker 2>what innovators and entrepreneurs do. I'm excited to see the

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<v Speaker 2>innovation agreed.

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<v Speaker 1>You know, I think there is there's a waiting demand

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<v Speaker 1>for folks to join, institutions to join. I think the

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<v Speaker 1>rest of the world also looks at the United States

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<v Speaker 1>and what they're doing on the regulatory and legislative front,

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<v Speaker 1>and and so, you know, while we think it's a

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<v Speaker 1>big deal in the United States, I'm also excited to

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<v Speaker 1>see how the other nations around the world, some that

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<v Speaker 1>have already been leaders in this space, you know, past

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<v Speaker 1>local legislation to support this industry. Because blockchain isn't a

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<v Speaker 1>domestic technology. The beauty of this technology and the XRP

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<v Speaker 1>ledger is that it's global in nature, and that's open

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<v Speaker 1>in nature, and that really enables the world's financial institutions

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<v Speaker 1>to build upon each other.

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<v Speaker 2>Yeah, sheez, what do you think about this? Because this

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<v Speaker 2>is something I've been noodling on and talking a lot

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<v Speaker 2>about on the pod. You mentioned the openness and the

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<v Speaker 2>reach that this technology has, a blockchain technology, the xt

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<v Speaker 2>racy ledger and so forth.

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<v Speaker 1>But it seems like for.

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<v Speaker 2>The first time we will have truly global markets. You know,

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<v Speaker 2>there's some people who are going to say, well, what

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<v Speaker 2>about gold. A lot of people around the world, different

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<v Speaker 2>central banks hold gold, but you can't view it real time.

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<v Speaker 2>You can't verify this the amount in a storage or

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<v Speaker 2>in a bank, or if it's real. You can't have

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<v Speaker 2>instance settlement. It's not portable. But I feel like this

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<v Speaker 2>technology brings all those attributes that make it real time.

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<v Speaker 2>I can look at it on my phone.

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<v Speaker 1>Yeah, that's the beauty of it. It's real time, it's

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<v Speaker 1>counterparty free, and you know, you can see a world

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<v Speaker 1>where you know, folks over time move from gold in

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<v Speaker 1>other assets into digital assets and other cryptocurrens these like

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<v Speaker 1>even uh, you know, for central banks, even for reserves,

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<v Speaker 1>uh and treasuries, and I know we're going to talk

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<v Speaker 1>about that today. Maybe that's the first step. So corporate

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<v Speaker 1>treasuries being the innovators, start holding digital assets through public equities. Uh,

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<v Speaker 1>Like what we're going to be building at ever North.

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<v Speaker 1>Uh and uh that is how things get started. But

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<v Speaker 1>maybe in the future you'll see central banks uh and

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<v Speaker 1>others also want to hold digital assets on in their reserves,

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<v Speaker 1>and I think that's going to be a very interesting

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<v Speaker 1>future that will onfold. But again you started the conversation

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<v Speaker 1>with the regulation. Regulations got to pass. Is got to

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<v Speaker 1>pass globally for sure.

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<v Speaker 2>So let's talk ever North to give an overview of

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<v Speaker 2>this company. Uh, what's the mission and why XRP was

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<v Speaker 2>chosen as the digital asset.

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<v Speaker 1>Yeah, so yeah, the mission is is really to make

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<v Speaker 1>it easier for folks uh to buy hold and get

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<v Speaker 1>exposure to XRP. Uh. It's it's for for us, Tony.

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<v Speaker 1>We've been in this space a long time. We know

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<v Speaker 1>how to manage wallets, we know how to you know,

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<v Speaker 1>manage cryptocurrencies. But for the large part of the world

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<v Speaker 1>that it's too difficult for big institutions that want exposure

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<v Speaker 1>to this asset class and XRP that's too complicated. So

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<v Speaker 1>the idea behind ever North is like, let's make it

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<v Speaker 1>as easy as buying Tesla stock in your brokerage account,

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<v Speaker 1>your e trade account, your fidelity account, your Robinhood account.

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<v Speaker 1>Just like you buy that stock, you can buy XRP

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<v Speaker 1>and the ticker for ever North and you get exposure

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<v Speaker 1>to XRP as an asset class. And we don't stop there.

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<v Speaker 1>You also get to participate in the strategies that will

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<v Speaker 1>develop at ever North, like yield strategies, and with those

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<v Speaker 1>yield strategies, the yield, a portion of that yield that

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<v Speaker 1>we generate will go back into the treasury. Let's we'll

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<v Speaker 1>use that yield to buy more XRP and add to

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<v Speaker 1>the treasury. And the goal here for ever North shareholders

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<v Speaker 1>is to maximize XRP per share. And why did I

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<v Speaker 1>choose XRP. I'll answer that question. Well, One, I really

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<v Speaker 1>believe in this future that the world is going to

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<v Speaker 1>be the financial world is going to be reformed, and

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<v Speaker 1>there's going to be a revolution, and that revolution is

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<v Speaker 1>going to start on a blockchain and it's spurred by

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<v Speaker 1>that innovation around the blockchain. And early on the XRP

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<v Speaker 1>and creators decided that they wanted to build a blockchain

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<v Speaker 1>that was optimized for financial use cases. This is back

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<v Speaker 1>in twenty twelve. Maybe that's mainstream now, but this is

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<v Speaker 1>back in twenty twelve to create an ecosystem, to create

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<v Speaker 1>a technology that's optimized for payments, as optimized for tokenized assets.

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<v Speaker 1>Today we call those real world assets or r w as.

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<v Speaker 1>But the ability to have these equities, real estate and

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<v Speaker 1>so forth, tokenized and available for the world on a blockchain, that's, uh,

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<v Speaker 1>that's what the XRP, leisure and supporting technologies are good for.

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<v Speaker 1>So you know, I I I, uh, you know, decided

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<v Speaker 1>XRP obviously, uh, you know, with my you know history,

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<v Speaker 1>that made a lot of sense. But I also noticed

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<v Speaker 1>Tony that there's no digital asset treasury of significance around

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<v Speaker 1>uh XRP and uh, and that made it a no brainer.

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<v Speaker 1>Let's go and let's go do it for sure.

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<v Speaker 2>So would be safe to say you're looking to become

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<v Speaker 2>the micro strategy of XRP, you know, micro strategy specifically

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<v Speaker 2>focused on bitcoin, you know.

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<v Speaker 1>Like I'm excited about building on the XRP ecosystem. I

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<v Speaker 1>think the world should know about what's going on in

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<v Speaker 1>terms of financialization on a blockchain, and I think the

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<v Speaker 1>world's going to look very different in ten years than

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<v Speaker 1>it is from now in the financial world because of

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<v Speaker 1>technologies like XCRP. But also all the accompanied technologies that

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<v Speaker 1>support the infrastructure around XRP, like the stable coin which

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<v Speaker 1>is growing rapidly that serves Tony as on and off raps.

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<v Speaker 1>That was a big piece that was missing. How do

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<v Speaker 1>you get onto a blockchain? Well, stable coins solves a

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<v Speaker 1>part of that, and ever North helps institutions and retail

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<v Speaker 1>investors get on and off and participate in the ecosystem,

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<v Speaker 1>the DeFi ecosystem around the XRP ledger as well.

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<v Speaker 2>So with regards to you ever North, and this is

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<v Speaker 2>a rookie question because I'm still trying to grasp the

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<v Speaker 2>idea fully of digital aster treasure companies. Is that a

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<v Speaker 2>company that existed before with surch of services and products

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<v Speaker 2>or is it a brand new company specifically focused on

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<v Speaker 2>the x RP treasury or does it have, like I said,

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<v Speaker 2>other means of revenue and services and things like that.

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<v Speaker 1>Now we are one hundred percent focused on XRP. We

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<v Speaker 1>are we're building, uh you know, a digital asset treasury,

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<v Speaker 1>but it's an active uh you know treasury, and that

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<v Speaker 1>we will be putting the XRP to use. Well, well,

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<v Speaker 1>we have a trade fies, a traditional strategy, and we

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<v Speaker 1>have a DeFi strategy, and we want to use the

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<v Speaker 1>XRP ecosystem to generate yield on the defile strategy side

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<v Speaker 1>of things. That'll help that ecosystem flourish. That will also

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<v Speaker 1>be good for the ever North Digital Asset treasury as well.

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<v Speaker 2>Let's double click a bit on the DeFi component because

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<v Speaker 2>that's going to be something many people are interested in.

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<v Speaker 2>How you're generating the yield. Are you planning to use

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<v Speaker 2>like protocol like Flare or other protocols.

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<v Speaker 1>So we're we're in discussions with a lot of the

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<v Speaker 1>protocols out there. You know, we we have to close

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<v Speaker 1>the transaction first before you know, participating in those yield

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<v Speaker 1>generation products. But you know, part of the reason that

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<v Speaker 1>every North exists is to you know, cultivate those yield strategies,

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<v Speaker 1>build those yield strategies directly on the XRP ledger, and

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<v Speaker 1>use XRP in the ecosystem to develop those yield strategies.

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<v Speaker 1>And so I'm excited about that. You know, I'm a

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<v Speaker 1>longtime product builder. Nothing gets me more excited than see

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<v Speaker 1>that ecosystem flourish. And again, I think one thing Tony

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<v Speaker 1>that was missing was like how do you get institutional

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<v Speaker 1>capital to participate in that ecosystem. I mean DeFi in

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<v Speaker 1>general has been you know, humming alan it has been

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<v Speaker 1>growing at an okay clip for the last four or

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<v Speaker 1>five years, has a lot of pumps and bruises. But

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<v Speaker 1>this might be the missing sort of adapter connection. Now

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<v Speaker 1>you have real capital coming in and this is just

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<v Speaker 1>the start to help you get those defive protocols to

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<v Speaker 1>mature and grow and really compete with the traditional finance world.

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<v Speaker 1>And again you saw that with stable coins. You saw

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<v Speaker 1>that with stable coins as well. Is that it was

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<v Speaker 1>humming and hawing along for almost a decade and then

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<v Speaker 1>things got real when that regulation passed, and now institutions

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<v Speaker 1>turning to stable coins for adoption for payments and other

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<v Speaker 1>use cases. But you're going to see that same thing

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<v Speaker 1>happen here in the decentralized finance world as well, with

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<v Speaker 1>lending protocols and everything else that we haven't even imagined yet.

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<v Speaker 2>Absolutely something that came to mind, and I've seen other

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<v Speaker 2>dats do this, and it may be true early for

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<v Speaker 2>you to answer this question, But what the yield is

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<v Speaker 2>it going to be? Some of it paid out in

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<v Speaker 2>a dividend or reinvested into the respective treasury you.

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<v Speaker 1>Know, our plans right now are to uh you know,

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<v Speaker 1>reinvest that into the treasury. Again, the the metric that

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<v Speaker 1>we are maximizing for uh is XRP per share and

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<v Speaker 1>uh you know that the plan is is to get

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<v Speaker 1>that yield uh and then go back into the treasury.

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<v Speaker 1>So if that yield is giving us US dollars, you know,

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<v Speaker 1>we'll use a portion of that to eventually go back

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<v Speaker 1>in and buy more XRP for the treasury. Got it?

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<v Speaker 1>That makes sense.

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<v Speaker 2>A big question a lot of folks want to know

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<v Speaker 2>is how are you going to be buying the x

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<v Speaker 2>RP and how are you going to be custoding it?

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<v Speaker 2>Are you buying OTC on the open market? Things along

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<v Speaker 2>those lines.

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<v Speaker 1>Yeah, so you know we'll we'll be using all mechanisms

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<v Speaker 1>available to uh, you know buy x RP on the market.

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<v Speaker 1>It's it's still growing tony the market. UH. So you know,

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<v Speaker 1>we want to make sure that we're balanced and measured

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<v Speaker 1>in how we uh you know buy XRP uh for

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<v Speaker 1>the treasury. So the good thing is we have a

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<v Speaker 1>lot of experience uh, you know managing treasuries. UH will

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<v Speaker 1>do the most efficient thing out there. But again, it's

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<v Speaker 1>getting easier and easier.

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<v Speaker 2>Uh.

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<v Speaker 1>You know, back in the early days, there were just

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<v Speaker 1>a couple of exchanges available. Now there's hundreds around the

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<v Speaker 1>world that trade cryptocurrencies, and now you you know, you're

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<v Speaker 1>seeing even you know, bigger players jump into the the

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<v Speaker 1>the ecosystem as well. So exciting to see this market develop, uh.

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<v Speaker 1>And it's also exciting to see XRP uh being the

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<v Speaker 1>third largest uh you know digital asset you know, volume

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<v Speaker 1>wise depending on the uh you know, the venue. But

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<v Speaker 1>that makes it also very interesting, uh in terms of uh,

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<v Speaker 1>you know, a digital asset treasury, and that also makes

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<v Speaker 1>it really interesting in the times of yield strategies that

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<v Speaker 1>we could potentially deploy, uh once this transaction closes.

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<v Speaker 2>Yeah, for sure, you mentioned the demand for XRP. We've

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<v Speaker 2>seen a lot of ETF SPOTTYTF filings still on the

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<v Speaker 2>table waiting for the SEC to take action. In addition,

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<v Speaker 2>you had XRP futures go live on the CMEME and

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<v Speaker 2>so forth, and there's been a lot of institutional demand.

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<v Speaker 2>So I think it's like perfect timing that you guys

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<v Speaker 2>are launching this digital asset treasury company focus on XRP,

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<v Speaker 2>because how things have changed. She i mean, you know,

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<v Speaker 2>obviously the sec Ripple lawsuit has concluded after you know,

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<v Speaker 2>years of going back and forth. But you know, the

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<v Speaker 2>sun is shining down now on us and the dark

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<v Speaker 2>clouds have gone away, and there's a lot of demand

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<v Speaker 2>for this asset.

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<v Speaker 1>Yeah, it definitely feels like a new day Tony Like,

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<v Speaker 1>it definitely feels like, you know, we started off as

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<v Speaker 1>infants in this industry and now we're you know, becoming adults.

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<v Speaker 1>And you know, I'm I'm happy to be part of

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<v Speaker 1>the adult movement in digital assets. And part of that

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<v Speaker 1>adult movement is getting institutions to adopt I don't think

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<v Speaker 1>this ecosystem. I don't think cryptocurrencies will flourish until there

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<v Speaker 1>is broad based adoption by institutions out there. And again,

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<v Speaker 1>ever north is one tool to help get institutional adoption,

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<v Speaker 1>making it easier to participate in in the crypto economy, uh,

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<v Speaker 1>making it easier to participate in this financial future that

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<v Speaker 1>will be built on blockchains. But there's going to be

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<v Speaker 1>other tools that we need. We talked about regulation and

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<v Speaker 1>the and the right kind of legislation, but we need more,

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<v Speaker 1>you know, tools around their ets being a great one,

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<v Speaker 1>see me futures trading. XRP another great tool. And again

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<v Speaker 1>this is all part of the adult growing up process

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<v Speaker 1>that the whole industry is h is now participation the end, thankfully, thankfully.

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<v Speaker 2>Yeah, for sure. Now I read you guys are raising

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<v Speaker 2>one billion dollars to buy x RP. Of course, is

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<v Speaker 2>that a cap or in the future you may raise

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<v Speaker 2>additional capital? And who have who are the folks who

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<v Speaker 2>have participated so far in the capital?

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<v Speaker 1>Yeah, that's a that's a good question. So you know,

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<v Speaker 1>we'll we'll stay active out there. Uh. You know, we

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<v Speaker 1>don't have any plans uh to stop uh, And so

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<v Speaker 1>we'll you know, you know, as soon as the transaction

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<v Speaker 1>is closed, we'll again look at additional opportunities. But the

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<v Speaker 1>idea is not to stop at a billion in uh,

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<v Speaker 1>you know, treachery uh And and I'm happy Tony to

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<v Speaker 1>be supported by world class investors. And one thing that

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<v Speaker 1>we do want to do is expand internationally. Uh. You

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<v Speaker 1>may know that XRP is as widely popular in Korea

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<v Speaker 1>and in Japan, and having s b I uh, you know,

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<v Speaker 1>participate in ever North's you know financing is going to

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<v Speaker 1>potentially help unlock those Asian markets for US as well.

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<v Speaker 1>So that post closed transaction, looking to those kinds of

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<v Speaker 1>expansion opportunities is going to be a high priority for

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<v Speaker 1>the North team. And again, we're lucky to have world

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<v Speaker 1>class investors from SBI, Ripple, Errington, XFP Capital, and several

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<v Speaker 1>others join us in this journey.

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<v Speaker 2>Yeah, definitely. I remember SBI, and I forgot the CEO.

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<v Speaker 1>Yoshitaka Katao Son. Yeah, excellent, excellent leader.

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<v Speaker 2>Yeah, I remember following him over the years and the

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<v Speaker 2>different things he would say, and reading the SBI reports,

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<v Speaker 2>quarterly reports and things like that. So it's awesome to

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<v Speaker 2>see that they continue to participate in the ecosystem and

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<v Speaker 2>much more.

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<v Speaker 1>Yeah, they have been excellent leaders and excellent partners over

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<v Speaker 1>the year, and I'm very very gracious that they are

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<v Speaker 1>part of this journey as well at ever North.

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<v Speaker 2>So she's you got this trend right, Digital ACCID treasury

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<v Speaker 2>companies is growing. It's happening around the globe. Folks are

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<v Speaker 2>using different crypto assets. How are you guys preparing for,

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<v Speaker 2>let's say, a downturn in a bear market? Is one

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<v Speaker 2>of the things that things that concern me is potentially

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<v Speaker 2>some of these companies may not be managed well and

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<v Speaker 2>there could be some blow ups in the bear market,

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<v Speaker 2>or it might have to be some consolidation. But how

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<v Speaker 2>are you guys preparing for possible bear market and market downturns.

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<v Speaker 1>That's a great question, Tony, and Hey, like I am

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<v Speaker 1>also concerned as I look at other treasuries in the

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<v Speaker 1>market that don't seem like they have formidable leadership teams

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<v Speaker 1>or even full time leadership teams. Well, what you get

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<v Speaker 1>at ever North is as a team that is purpose

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<v Speaker 1>built for you know, something like XRP Digital Asset Treasury

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<v Speaker 1>in Evernorth. You know, you get me that is the

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<v Speaker 1>weather as they come in crypto. You know, having been

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<v Speaker 1>been in the industry since twenty thirteen and seeing the winters,

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<v Speaker 1>the summers, the falls, all four seasons, Tony just doesn't

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<v Speaker 1>you know, a downturn doesn't phaze me. You know, there

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<v Speaker 1>are you know, some of the best opportunities are available

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<v Speaker 1>in downturns. What you have to do is plan for

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<v Speaker 1>the long term. And that's what this team is about.

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<v Speaker 1>We stick with things, we build for the long term.

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<v Speaker 1>We don't get too high in the highs, we don't

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<v Speaker 1>get too low in the lows. We sort of stay

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<v Speaker 1>even keeled and build it, build it out, so you know,

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<v Speaker 1>in the downturns, we'll be ready and here there are

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<v Speaker 1>opportunities for those that are patient. For sure.

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<v Speaker 2>Now I saw and correct me if I'm wrong. A

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<v Speaker 2>listing on the NASTAC that that got approved this week.

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<v Speaker 2>What can you tell us there? And can both retail

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<v Speaker 2>and institutional investors access it?

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<v Speaker 1>So what you say, saw I was? I was the

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<v Speaker 1>ticker symbol x RPN go live in That ticker symbol

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<v Speaker 1>is now tradable on the on the nasdack. We expect

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<v Speaker 1>that to happen sometime in quarter one of twenty twenty six.

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<v Speaker 1>Got I got it? Okay, So I was.

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<v Speaker 2>My next question was going to be if the government

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<v Speaker 2>shut down is slowing things down for you guys as

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<v Speaker 2>it is with everything else.

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<v Speaker 1>But hey, like listen, it might be slowing things down

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<v Speaker 1>for the government, but we're we're busy here at ever North.

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<v Speaker 1>We're busy thinking about how to leverage the XRP ecosystem.

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<v Speaker 1>We're thinking about, uh, you know, how to build the

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<v Speaker 1>right kind of risk tools out there so that we

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<v Speaker 1>can scale uh you know, in in the in the

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<v Speaker 1>right way. We're gonna you know, measure twice and cut once. Uh,

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00:23:53.440 --> 00:23:56.640
<v Speaker 1>that's our plan. So that kind of tooling is really

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<v Speaker 1>important for these digital assets treasuries to scale, especially if

401
00:24:02.720 --> 00:24:09.480
<v Speaker 1>you want to participate in the decentralized finance ecosystem DeFi.

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00:24:10.079 --> 00:24:12.680
<v Speaker 1>You need to have the right kind of risk tools,

403
00:24:12.920 --> 00:24:17.279
<v Speaker 1>You need to have the right kind of experience and

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00:24:18.000 --> 00:24:20.359
<v Speaker 1>have that built ahead of time. So those are things

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00:24:20.359 --> 00:24:23.160
<v Speaker 1>that we can, you know, continue to build and plan

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00:24:23.279 --> 00:24:27.839
<v Speaker 1>for and the SEC and the government there's not much

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<v Speaker 1>I can do other than call a couple of folking,

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00:24:30.400 --> 00:24:31.680
<v Speaker 1>you know, let's speed it up. But the rest of

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<v Speaker 1>the world is doing the same thing. So you know

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<v Speaker 1>we're back here busy building for sure.

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<v Speaker 2>Yeah that you know, we can't control that, right the government.

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<v Speaker 2>It is what it is. We're all in the same

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<v Speaker 2>boat there. But we got a bunch of XRP ETFs,

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<v Speaker 2>I know, I mentioned it earlier, a lot of spotty

415
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<v Speaker 2>tfs that are seems to be they're going to be

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<v Speaker 2>approved by the SEC. I'm curious of what your take

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<v Speaker 2>is on the dynamic between a digital aster treasury company

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<v Speaker 2>versus an ETF and I know this the dats give

419
00:24:59.720 --> 00:25:02.759
<v Speaker 2>a new pathway for people to invest. What is your

420
00:25:02.799 --> 00:25:05.119
<v Speaker 2>take on the two products and they seemed to be

421
00:25:05.200 --> 00:25:08.079
<v Speaker 2>competing in a way, and how do you think that

422
00:25:08.160 --> 00:25:08.839
<v Speaker 2>all plays out?

423
00:25:09.599 --> 00:25:12.680
<v Speaker 1>Well, hey, listen, like they're the one. The great thing

424
00:25:12.799 --> 00:25:16.400
<v Speaker 1>is we're even having this discussion around uh, you know

425
00:25:16.599 --> 00:25:19.359
<v Speaker 1>x r P e t fs and digital asset treasuries.

426
00:25:19.400 --> 00:25:22.079
<v Speaker 1>Like who would have thought a couple of years ago

427
00:25:22.279 --> 00:25:24.839
<v Speaker 1>that we would even have these discussions. So, hey, look,

428
00:25:25.000 --> 00:25:29.279
<v Speaker 1>the industry is maturing. If the industry continues to grow together,

429
00:25:30.400 --> 00:25:34.839
<v Speaker 1>you know, all these different players are going to do well. Uh.

430
00:25:34.880 --> 00:25:38.319
<v Speaker 1>And you know the the x RP ETFs and the

431
00:25:38.319 --> 00:25:42.079
<v Speaker 1>other ETFs out there. Hey, there's uh, there's there's potential

432
00:25:42.119 --> 00:25:45.160
<v Speaker 1>collaborations there as well. But I'd say one big difference

433
00:25:45.200 --> 00:25:49.599
<v Speaker 1>between an ETF Towny and a digital asset treasury like

434
00:25:49.680 --> 00:25:54.359
<v Speaker 1>ever North is that with ever North, it's an it's

435
00:25:54.400 --> 00:25:57.519
<v Speaker 1>an active treasury. We are going to be looking at

436
00:25:58.240 --> 00:26:04.480
<v Speaker 1>yield strategies, uh to maximize x RP per share. Uh.

437
00:26:04.519 --> 00:26:07.680
<v Speaker 1>And I think if you want that kind of exposure,

438
00:26:08.000 --> 00:26:10.000
<v Speaker 1>ever North is the right kind of product for you.

439
00:26:11.039 --> 00:26:15.319
<v Speaker 1>But ETF, uh it's a it's a very limited kind

440
00:26:15.359 --> 00:26:17.920
<v Speaker 1>of product, which is great for and you know, a

441
00:26:17.960 --> 00:26:21.079
<v Speaker 1>different kind of investor. But I almost see them as

442
00:26:21.119 --> 00:26:24.680
<v Speaker 1>you know, uh, you know, two different kinds of products

443
00:26:24.680 --> 00:26:26.960
<v Speaker 1>out there. You know, some people want the minivan, some

444
00:26:27.000 --> 00:26:30.079
<v Speaker 1>people want, you know, the the car. There's a market

445
00:26:30.160 --> 00:26:34.160
<v Speaker 1>for passenger car. There's markets for both, right, and like

446
00:26:34.200 --> 00:26:39.400
<v Speaker 1>this kind of specialization is good overall for the the

447
00:26:39.480 --> 00:26:42.720
<v Speaker 1>crypto economy and the ecosystem. It's great for x RP

448
00:26:42.880 --> 00:26:43.359
<v Speaker 1>as well.

449
00:26:44.559 --> 00:26:47.119
<v Speaker 2>Yeah, well said, you know, we have the buffet of options,

450
00:26:47.200 --> 00:26:50.279
<v Speaker 2>right it, pick your pick, your your option that you

451
00:26:50.319 --> 00:26:52.960
<v Speaker 2>want and whatever you're comfortable with. You know, you mentioned

452
00:26:52.960 --> 00:26:54.359
<v Speaker 2>like you and I are kind of like o G.

453
00:26:54.640 --> 00:26:57.519
<v Speaker 2>So we're okay being uh you know, go buying on

454
00:26:57.559 --> 00:26:59.960
<v Speaker 2>the exchange, throwing in a hardware wallet. But not everybody

455
00:27:00.119 --> 00:27:02.920
<v Speaker 2>is going to be open to doing that or or

456
00:27:03.000 --> 00:27:05.359
<v Speaker 2>want to do that, so that's aren't a great option

457
00:27:05.480 --> 00:27:07.519
<v Speaker 2>the ETF. So it just depends on your preference.

458
00:27:07.880 --> 00:27:10.359
<v Speaker 1>Yeah, that's absolutely right. It's like, you know, this is

459
00:27:10.400 --> 00:27:12.319
<v Speaker 1>something that I can just you know, you could go

460
00:27:12.400 --> 00:27:15.200
<v Speaker 1>tell your mom, Tony is like just go to you know,

461
00:27:15.359 --> 00:27:19.240
<v Speaker 1>Robinhood or each rade and and you can participate now

462
00:27:19.799 --> 00:27:24.000
<v Speaker 1>in the crypto uh, you know economy. Uh. And again

463
00:27:24.279 --> 00:27:27.759
<v Speaker 1>to your point five years ago, six years ago, imagine

464
00:27:28.319 --> 00:27:31.799
<v Speaker 1>telling someone that you've got to go get a wallet. Wait,

465
00:27:31.839 --> 00:27:34.160
<v Speaker 1>you got to be very secure about the wallet and

466
00:27:34.200 --> 00:27:37.880
<v Speaker 1>oh wait, if you want to earn yield on that uh,

467
00:27:38.160 --> 00:27:40.359
<v Speaker 1>now you've got to you know, move it to this chain.

468
00:27:40.519 --> 00:27:45.799
<v Speaker 1>And it's just too complicated. Let's think it easier for everyone, uh,

469
00:27:45.880 --> 00:27:49.400
<v Speaker 1>you know, around the world to participate, uh in this

470
00:27:49.480 --> 00:27:54.640
<v Speaker 1>new financial revolution. That's what you know, products like ever North.

471
00:27:55.880 --> 00:27:59.680
<v Speaker 2>Yeah, great point. You know you mentioned everyone everyone around

472
00:27:59.680 --> 00:28:01.319
<v Speaker 2>the world. This is going to be a dumb question

473
00:28:01.359 --> 00:28:05.079
<v Speaker 2>on my part and it applies to dats. But I

474
00:28:05.400 --> 00:28:08.400
<v Speaker 2>know that only certain markets can access like the New

475
00:28:08.480 --> 00:28:11.039
<v Speaker 2>York Stock is Change or the NASDAK So would the

476
00:28:11.079 --> 00:28:14.519
<v Speaker 2>same rules apply here that whichever markets around the world

477
00:28:14.519 --> 00:28:17.640
<v Speaker 2>can access the NASDAQ will get access to this stock.

478
00:28:18.240 --> 00:28:23.680
<v Speaker 1>Yeah, at launch, at close, once the transaction is approved,

479
00:28:23.759 --> 00:28:28.240
<v Speaker 1>then you'd be able to access ever North through FRP

480
00:28:28.400 --> 00:28:32.000
<v Speaker 1>and the ticker symbol on the Nasdaq available you know,

481
00:28:32.880 --> 00:28:37.480
<v Speaker 1>in your brokerage accounts. And then you know, the next

482
00:28:37.519 --> 00:28:40.160
<v Speaker 1>plan after that would be looking at how we tackle

483
00:28:40.200 --> 00:28:44.359
<v Speaker 1>international markets. And there are no more different strategies there.

484
00:28:45.000 --> 00:28:49.960
<v Speaker 1>But again, Japan and Korea are interesting markets for ever

485
00:28:50.079 --> 00:28:53.599
<v Speaker 1>North and we'll you know, start charting out plans to

486
00:28:53.680 --> 00:28:55.960
<v Speaker 1>attack those markets as well.

487
00:28:56.160 --> 00:28:58.319
<v Speaker 2>This may be too early to answer this question, but

488
00:28:58.680 --> 00:29:02.440
<v Speaker 2>we see ashes these for tokenizing stocks happening right with

489
00:29:02.480 --> 00:29:05.480
<v Speaker 2>big institutions. So would that be an option that you're

490
00:29:05.480 --> 00:29:08.240
<v Speaker 2>going to explore. And again, maybe too early, but that

491
00:29:08.240 --> 00:29:09.079
<v Speaker 2>could be on the table.

492
00:29:09.640 --> 00:29:14.519
<v Speaker 1>Yeah. Our goal here is to make this accessible and

493
00:29:14.519 --> 00:29:19.599
<v Speaker 1>in as stock. Buying XRPN as a stock is one

494
00:29:19.759 --> 00:29:24.119
<v Speaker 1>step towards making it more accessible. Uh, and we're not gonna,

495
00:29:24.240 --> 00:29:27.720
<v Speaker 1>you know, stop at exploring new opportunities. Uh, you know,

496
00:29:27.839 --> 00:29:31.839
<v Speaker 1>even outside of evern't know. I'm super excited about tokenized equities.

497
00:29:32.400 --> 00:29:34.559
<v Speaker 1>I think it's going to give you know, folks around

498
00:29:34.599 --> 00:29:39.480
<v Speaker 1>the world a chance to participate in the global financial

499
00:29:39.519 --> 00:29:42.920
<v Speaker 1>economy in ways that they couldn't do before, especially in

500
00:29:43.000 --> 00:29:46.119
<v Speaker 1>emerging markets. And just like folks can hold you as

501
00:29:46.160 --> 00:29:50.359
<v Speaker 1>dollars via stable coins around the world, folks are going

502
00:29:50.400 --> 00:29:52.000
<v Speaker 1>to be able to do that with all sorts of

503
00:29:52.039 --> 00:29:57.759
<v Speaker 1>other kinds of real world assets, equities, real estate, you know, debt.

504
00:29:58.319 --> 00:30:00.480
<v Speaker 1>They're going to be able to do that via this

505
00:30:00.559 --> 00:30:06.519
<v Speaker 1>tokenization frontier. And again I'm excited that that technology, uh,

506
00:30:06.759 --> 00:30:11.359
<v Speaker 1>tokenization and payments is what the XRP ledger has did

507
00:30:11.359 --> 00:30:18.119
<v Speaker 1>for and again that ecosystem can thrive on the XRP

508
00:30:18.279 --> 00:30:21.720
<v Speaker 1>ledger because of all the supporting technologies, like I mentioned

509
00:30:21.720 --> 00:30:25.039
<v Speaker 1>the stable coins as well, that are you know, growing rapidly,

510
00:30:26.599 --> 00:30:29.000
<v Speaker 1>that will help serve as a catalyst for that kind

511
00:30:29.000 --> 00:30:34.039
<v Speaker 1>of growth. In terms of this new world economy around tokenization.

512
00:30:34.839 --> 00:30:39.319
<v Speaker 2>She I'm still like trying to grasp what the future

513
00:30:39.359 --> 00:30:42.039
<v Speaker 2>looks like with markets because you know, on the topic

514
00:30:42.039 --> 00:30:44.960
<v Speaker 2>of tokenization, where you have a lot of assets on

515
00:30:44.960 --> 00:30:47.440
<v Speaker 2>the blockchain, whether it be real estate, precious metal, stocks

516
00:30:47.440 --> 00:30:51.079
<v Speaker 2>of course, and different types of equities, and then you

517
00:30:51.160 --> 00:30:54.480
<v Speaker 2>have like twenty four to seven trading and like, are

518
00:30:54.519 --> 00:30:56.720
<v Speaker 2>we going to drive ourselves nuts or are we going

519
00:30:56.799 --> 00:31:00.119
<v Speaker 2>to have AI agents, you know, monitoring our portfolios and

520
00:31:00.160 --> 00:31:03.240
<v Speaker 2>maybe doing some trading while we're sleeping, right, And but

521
00:31:03.559 --> 00:31:06.839
<v Speaker 2>more liquidity, more options because you're dealing with people across

522
00:31:06.839 --> 00:31:10.440
<v Speaker 2>the globe who couldn't have participated with in the past

523
00:31:11.079 --> 00:31:13.720
<v Speaker 2>because you have to go through you know, those stakeholders,

524
00:31:13.720 --> 00:31:16.640
<v Speaker 2>the big bangs and so forth, and the big trading firms.

525
00:31:16.839 --> 00:31:19.599
<v Speaker 2>But now somebody in Hong Kong I can deal directly

526
00:31:19.640 --> 00:31:22.000
<v Speaker 2>with them via DeFi and we don't even need to

527
00:31:22.039 --> 00:31:22.480
<v Speaker 2>know each other.

528
00:31:22.680 --> 00:31:26.920
<v Speaker 1>Yeah, so yeah, so listen that there's a lot that

529
00:31:27.000 --> 00:31:31.160
<v Speaker 1>needs to happen for twenty four by seven you know, trading,

530
00:31:31.759 --> 00:31:35.000
<v Speaker 1>and you hit on one big portion of it. It was liquidity.

531
00:31:35.880 --> 00:31:39.039
<v Speaker 1>You know, you need now you need liquidity support and monitoring,

532
00:31:39.359 --> 00:31:42.839
<v Speaker 1>you know, twenty four to seven. And hey, certainly AI

533
00:31:42.960 --> 00:31:47.079
<v Speaker 1>is an interesting technology that could potentially help there. But

534
00:31:47.200 --> 00:31:51.799
<v Speaker 1>remember you know when you first got access to the Internet.

535
00:31:52.400 --> 00:31:56.000
<v Speaker 1>I remember that first time of reading the newspaper, in

536
00:31:56.039 --> 00:31:59.720
<v Speaker 1>my case, the Detroit News sports section, and it was

537
00:31:59.759 --> 00:32:05.720
<v Speaker 1>only updated one time per day. And then eventually because

538
00:32:05.720 --> 00:32:08.240
<v Speaker 1>the Internet is real time, they had to compete and

539
00:32:08.279 --> 00:32:11.640
<v Speaker 1>they had to like update content all day long. And

540
00:32:11.680 --> 00:32:14.559
<v Speaker 1>the same thing is going to happen in my opinion,

541
00:32:15.480 --> 00:32:20.680
<v Speaker 1>with liquidity and trading online. Like you can buy bitcoin

542
00:32:20.759 --> 00:32:25.279
<v Speaker 1>and XRP twenty four by seven for sure, but again

543
00:32:25.720 --> 00:32:29.519
<v Speaker 1>that's not available to equities today in most markets. So

544
00:32:29.680 --> 00:32:32.319
<v Speaker 1>I have a feeling and it's my prediction, in my

545
00:32:32.440 --> 00:32:35.680
<v Speaker 1>belief that DeFi is going to push the rest of

546
00:32:35.720 --> 00:32:39.720
<v Speaker 1>these markets to twenty four by seven trading. You know,

547
00:32:39.759 --> 00:32:42.519
<v Speaker 1>there will be a scramble, but twenty four x seven

548
00:32:42.599 --> 00:32:45.880
<v Speaker 1>liquidity around all these different products that doesn't exist today

549
00:32:45.880 --> 00:32:48.440
<v Speaker 1>and it's going to need to be automated in some

550
00:32:49.319 --> 00:32:54.599
<v Speaker 1>you know fashion to scale. It's just can't survive doing

551
00:32:54.599 --> 00:32:59.200
<v Speaker 1>it the old way with you know, rigid market closes.

552
00:32:59.279 --> 00:33:01.720
<v Speaker 1>That's not the way crypto works. It's not the way

553
00:33:01.759 --> 00:33:03.720
<v Speaker 1>the world works, which is sort of like the beauty

554
00:33:03.759 --> 00:33:06.079
<v Speaker 1>of this whole you know technology.

555
00:33:07.079 --> 00:33:10.079
<v Speaker 2>Yeah, for sure, it's a brave new world. And we

556
00:33:10.160 --> 00:33:13.440
<v Speaker 2>see now even the stock markets are trying to copy

557
00:33:13.480 --> 00:33:16.160
<v Speaker 2>the I wouldn't say necessarily copy, but they have to

558
00:33:16.240 --> 00:33:19.000
<v Speaker 2>keep up, and they're trying to expand their opening and

559
00:33:19.039 --> 00:33:22.599
<v Speaker 2>closing times to you know, be twenty four to seven

560
00:33:22.680 --> 00:33:26.960
<v Speaker 2>where possible. So it's just interesting how things are changing.

561
00:33:27.759 --> 00:33:29.960
<v Speaker 2>There's something I think you may have touched on, but

562
00:33:30.079 --> 00:33:31.720
<v Speaker 2>I want to make sure I confirm are you going

563
00:33:31.799 --> 00:33:33.759
<v Speaker 2>to be using our l U s D stable coin

564
00:33:33.799 --> 00:33:36.960
<v Speaker 2>in any way and the treasury you know maybe in

565
00:33:37.039 --> 00:33:41.039
<v Speaker 2>paying out certain things or running through the ecosystem and

566
00:33:41.079 --> 00:33:41.559
<v Speaker 2>things like that.

567
00:33:42.599 --> 00:33:45.359
<v Speaker 1>Like we we definitely want to you know, partner with

568
00:33:45.960 --> 00:33:48.920
<v Speaker 1>you know, leading stable coins around the world. Just happens

569
00:33:48.960 --> 00:33:51.640
<v Speaker 1>that the r l U s D, the Ripple stable

570
00:33:51.720 --> 00:33:57.519
<v Speaker 1>coin is growing really quickly. Hey, every every blockchain, including

571
00:33:57.519 --> 00:34:00.319
<v Speaker 1>the x RP ledger needs on and off er ms,

572
00:34:00.759 --> 00:34:04.200
<v Speaker 1>and we're you know, we're excited about the growth there

573
00:34:04.240 --> 00:34:06.200
<v Speaker 1>because you know, you need to get onto the DeFi

574
00:34:06.279 --> 00:34:10.679
<v Speaker 1>ecosystem to get off the def ecosystem. But at the

575
00:34:10.760 --> 00:34:14.639
<v Speaker 1>same time, we're an XRP treasury, and so we want

576
00:34:14.639 --> 00:34:18.239
<v Speaker 1>to make sure that we are you optimizing for XRP,

577
00:34:18.480 --> 00:34:22.719
<v Speaker 1>but getting onto those decentralized protocols. I have a feeling

578
00:34:22.719 --> 00:34:26.760
<v Speaker 1>that Ripple r l U s D, the stable coin

579
00:34:26.920 --> 00:34:28.320
<v Speaker 1>is going to play a big part of that.

580
00:34:29.440 --> 00:34:33.320
<v Speaker 2>That's awesome. She I think one thing I want to

581
00:34:33.320 --> 00:34:35.599
<v Speaker 2>get your thoughts on, because when you were working at Ripple,

582
00:34:35.639 --> 00:34:38.920
<v Speaker 2>of course you guys were speaking to a lot of institutions,

583
00:34:39.079 --> 00:34:41.559
<v Speaker 2>a lot of banks and so forth. And I mean,

584
00:34:41.679 --> 00:34:44.440
<v Speaker 2>just for example, this week it was announced at City

585
00:34:44.440 --> 00:34:48.920
<v Speaker 2>Bank is partnering with coinbase to offer crypto services JP

586
00:34:49.039 --> 00:34:53.480
<v Speaker 2>Morgan PNC Bank. What is it like seeing all of

587
00:34:53.480 --> 00:34:56.679
<v Speaker 2>these firms who at one point somewhere against crypto, but

588
00:34:57.079 --> 00:35:01.559
<v Speaker 2>now they're embracing it and everybody's coming into the same eCos.

589
00:35:01.320 --> 00:35:03.599
<v Speaker 1>That's uh, you know, I love seeing it. I mean,

590
00:35:03.639 --> 00:35:06.679
<v Speaker 1>I know a lot of folks are you know, you

591
00:35:06.719 --> 00:35:09.880
<v Speaker 1>know anti bank, you know, from from very early on.

592
00:35:10.440 --> 00:35:12.840
<v Speaker 1>When I joined Crypto, I really did feel this was

593
00:35:12.880 --> 00:35:16.559
<v Speaker 1>about bringing the entire ecosystem and uh, listen to the

594
00:35:16.599 --> 00:35:19.840
<v Speaker 1>capital in the in the in the world is still

595
00:35:20.039 --> 00:35:25.000
<v Speaker 1>managed by large banks, and you need them to be

596
00:35:25.079 --> 00:35:28.480
<v Speaker 1>part of this ecosystem, just like the Internet. Like the

597
00:35:28.519 --> 00:35:32.239
<v Speaker 1>Internet to today is not just about individual bloggers. You

598
00:35:32.320 --> 00:35:37.199
<v Speaker 1>have big firms like Disney pushing content over the internet. Uh,

599
00:35:37.280 --> 00:35:39.519
<v Speaker 1>and so combined like, yes, you had a lot of

600
00:35:39.559 --> 00:35:42.199
<v Speaker 1>new players, but yes you have the traditional players as

601
00:35:42.199 --> 00:35:45.159
<v Speaker 1>well that really made the Internet what it is today.

602
00:35:45.280 --> 00:35:48.519
<v Speaker 1>Now you can get TV, sports, everything over the Internet

603
00:35:48.960 --> 00:35:52.280
<v Speaker 1>and that's why it scaled, and you need that same

604
00:35:52.320 --> 00:35:56.159
<v Speaker 1>thing to happen with crypto as well. Can just be

605
00:35:56.199 --> 00:35:59.800
<v Speaker 1>about speculators and and uh and and and and the

606
00:36:00.000 --> 00:36:03.440
<v Speaker 1>retail audience. You need the retail audience, and you need

607
00:36:03.519 --> 00:36:08.199
<v Speaker 1>institutions and again listen, like I think a big reason

608
00:36:08.800 --> 00:36:12.199
<v Speaker 1>why they didn't participate early on was because they had

609
00:36:12.239 --> 00:36:15.400
<v Speaker 1>a good They didn't have to innovate to be twenty

610
00:36:15.440 --> 00:36:21.679
<v Speaker 1>four by seven. Why nothing pushed them And what pushing

611
00:36:21.719 --> 00:36:26.039
<v Speaker 1>it was pushing them now is this technology. Certainly regulation

612
00:36:26.360 --> 00:36:32.280
<v Speaker 1>improving also was a catalyst, but again the consumer sort

613
00:36:32.320 --> 00:36:35.360
<v Speaker 1>of dictates a lot of these banking you know, industry

614
00:36:35.360 --> 00:36:40.760
<v Speaker 1>players and their behavior, and the consumer has spoken up

615
00:36:41.280 --> 00:36:45.039
<v Speaker 1>that they want this technology. They want faster payments enabled

616
00:36:45.079 --> 00:36:48.119
<v Speaker 1>by stable coins, and they will in a few years,

617
00:36:48.119 --> 00:36:53.559
<v Speaker 1>in my belief, want more access to the DeFi ecosystem

618
00:36:54.119 --> 00:36:54.599
<v Speaker 1>as well.

619
00:36:55.599 --> 00:37:00.960
<v Speaker 2>Yeah, well said, it's amazing. The world of opportunities is

620
00:37:01.000 --> 00:37:03.440
<v Speaker 2>that this technology is opening up, and it's just so exciting.

621
00:37:03.440 --> 00:37:05.199
<v Speaker 2>And like I said earlier, I can't wait for the

622
00:37:05.239 --> 00:37:08.440
<v Speaker 2>Clarity Act to pass and to see the innovation boom

623
00:37:08.480 --> 00:37:11.199
<v Speaker 2>that follows. You know, you mentioned like the Internet and

624
00:37:11.280 --> 00:37:13.320
<v Speaker 2>the government got a right in the nineties and what

625
00:37:13.480 --> 00:37:17.079
<v Speaker 2>followed was amazing, Google, Amazon and much more in the world.

626
00:37:17.440 --> 00:37:22.719
<v Speaker 2>How we're communicating right now, right, it's incredible. She's great stuff.

627
00:37:22.800 --> 00:37:27.320
<v Speaker 2>Looking forward to the launch on the Nastaca as far

628
00:37:27.360 --> 00:37:30.400
<v Speaker 2>as publicly traded and so forth, and looking forward to

629
00:37:30.480 --> 00:37:32.639
<v Speaker 2>celebrating with you guys. But thank you so much for

630
00:37:32.719 --> 00:37:33.079
<v Speaker 2>joining me.

631
00:37:33.800 --> 00:37:37.199
<v Speaker 1>Thank you, Tony, and again you're so wonderful to speak with,

632
00:37:37.400 --> 00:37:39.719
<v Speaker 1>and you know, I love everything that you're doing, but

633
00:37:39.960 --> 00:37:42.440
<v Speaker 1>I also just love all your support over the years.

634
00:37:42.840 --> 00:37:44.239
<v Speaker 1>You're definitely one of the good guys.

635
00:37:44.840 --> 00:37:45.639
<v Speaker 2>Appreciate it, man.

636
00:37:45.679 --> 00:37:45.960
<v Speaker 1>Thank you