Speaker 1: We want fair regulation. There's a lot of unfair regulation
Speaker 1: on the industry. Now we're seeing a lot of good,
Speaker 1: common sense regulation and it's leading to some amazing things.
Speaker 1: Secure closed loop system means that funds, whether it's USD
Speaker 1: or crypto, can only be sent by you, and those
Speaker 1: funds can only be sent back to you.
Speaker 2: We see this tokenization race that's happening with big firms,
Speaker 2: and they're looking to tokenize money market funds, thocks and
Speaker 2: so forth. As that market matures, will I Trust look
Speaker 2: at possibly integrating some of these tokenized assets unequivocally. Hey, folks,
Speaker 2: welcome into the Thinking Crypto Podcast. I'm your host Tony
Speaker 2: Edward and joining me is Jared Felman, who is the
Speaker 2: SVP of Operations at I Trust Capital. Jared, great to
Speaker 2: have you.
Speaker 3: Thanks for having me. It's really nice to be here.
Speaker 3: Happy Friday.
Speaker 2: Yeah, Happy Friday, Jared. Big news this week with I
Speaker 2: Trust partnering with Coinbase, and I want to dive into
Speaker 2: all the details there and all the great things you
Speaker 2: guys are doing. Let's quickly start with your background. Tell
Speaker 2: us a bit about yourself and how'd you end up
Speaker 2: in working at I Trust.
Speaker 3: Absolutely for those of you who have not heard of us.
Speaker 1: I Trust Capital is a platform for investing in digital
Speaker 1: assets as well as precious metals.
Speaker 3: We have physical gold and physical silver.
Speaker 1: I'm happy to get into all the details about the
Speaker 1: company during the course of this conversation. For me, Jared Feldman,
Speaker 1: SVP of Operations, I help oversee various things at the
Speaker 1: firm from client experience. I help out on the marketing side,
Speaker 1: business development. I interact with the product and engineering team
Speaker 1: as well. And we are our company that have a
Speaker 1: lot of interesting people with a lot of interesting backgrounds,
Speaker 1: a lot of folks from the alternative assets space and
Speaker 1: the gold and silver space. For me personally, I came
Speaker 1: from the financial advising world, so it was amazing to
Speaker 1: be able to get an opportunity need back in twenty
Speaker 1: twenty one with I Trust Capital to be able to
Speaker 1: merge and marry my traditional legacy financial planning background with
Speaker 1: the digital asset space.
Speaker 2: Yeah, and I trust offers a unique way to invest
Speaker 2: in assets like precious metals and crypto Tell us about
Speaker 2: the investment products you have and the benefits of using
Speaker 2: I trust is services.
Speaker 1: The biggest difference between an I Trust Capital and any
Speaker 1: of those mainstream exchanges that people usually download and app
Speaker 1: for and get referred to and hear about. Is that
Speaker 1: we really put security first and this is at the
Speaker 1: request of our clients. A lot of people who are
Speaker 1: in the crypto space, whether they're novice, new investors or
Speaker 1: experienced ogs and crypto, they feel very vulnerable on exchanges.
Speaker 1: They feel very vulnerable even performing self custody. And that's
Speaker 1: not to say that we don't have a lot of
Speaker 1: respect for the exchanges and don't have a lot of
Speaker 1: respect for people that do self custody. And we firmly
Speaker 1: believe in folks that want to have the not your keys,
Speaker 1: not your crypto mindset, and we have a lot of
Speaker 1: respect for that, and there is a lot of merit
Speaker 1: for that.
Speaker 3: But the truth is is that.
Speaker 1: Most folks, especially new folks in crypto, do not have
Speaker 1: the ability to manage their own keys, and even folks
Speaker 1: that do have that ability, they don't want to do
Speaker 1: all the self custody by themselves and they like having
Speaker 1: the opportunity to outsource some of the key management to
Speaker 1: other parties. And I Trust Capital utilizes institutional storage providers.
Speaker 1: We leverage coinbased prime fidelity digital assets as well as
Speaker 1: fireblocks to ensure that funds aren't directly held on exchanges
Speaker 1: and have that sort of vulnerability that people are afraid of,
Speaker 1: and we have been doing it for retirement accounts for years.
Speaker 1: We can get into some of the features of the
Speaker 1: tax shelter capabilities of retirement accounts during this conversation as well,
Speaker 1: but people wanted to see that same level of security
Speaker 1: in a non retirement account, and that's why we came
Speaker 1: up with our Premium Custody account, which is a non
Speaker 1: retirement account that has the same secure closed loop system
Speaker 1: that our retirement accounts have. What does a secure closed
Speaker 1: loop system mean. It just means that funds, whether it's
Speaker 1: USD or crypto, can only be sent by you, and
Speaker 1: those funds can only be sent back to you. And
Speaker 1: that's just a feature that we have and if people
Speaker 1: really want that emphasis when they're investing in the digital
Speaker 1: asset space.
Speaker 3: We also couple that.
Speaker 1: With really good customer service, which sets us apart from
Speaker 1: a lot of those aforementioned mainstream exchanges. People can call
Speaker 1: us seven am to five o'clock specific on weekdays, and
Speaker 1: we feel that's a huge differentiator in the crypto marketplace,
Speaker 1: and we couple that with over ten thousand four to
Speaker 1: five star reviews on Google and trust Pilot.
Speaker 2: That's really great. I love the customer service. And as
Speaker 2: you mentioned, your custodial services are institutional grades. So you
Speaker 2: mentioned Coinbase Prime, the likes of black Rock and other institutions.
Speaker 2: You're using those platforms, so that's really great. I've often
Speaker 2: stated that second to let's say self custody. You know,
Speaker 2: I personally believe in self custody, but this is a
Speaker 2: great option. It's it's top tier custodial services. And then
Speaker 2: that's for digital assets, but like for precious metals like
Speaker 2: gold and silver and so forth, how are you custoding
Speaker 2: those assets?
Speaker 1: The physical gold and the physical silver is a really
Speaker 1: really unique program, and a lot of sophisticated precious metal
Speaker 1: investors often ask us since I've even been starting working
Speaker 1: here in twenty twenty one, they ask us, how are
Speaker 1: you offering such competitive fees for physical gold and physical
Speaker 1: silver that can even be taken delivery on our clients
Speaker 1: who have retirement accounts can actually take retirement income in
Speaker 1: physical gold and physical silver if they choose to do so.
Speaker 1: And it's a very unique program offered through Kitgo kit COO.
Speaker 1: They are a precious metals dealer and they work with
Speaker 1: a program that's referred to as vault Chain, and there's
Speaker 1: also another component to it called the trade Wind platform.
Speaker 1: And what this program does is it takes the physical
Speaker 1: gold and silver which are held in huge like four
Speaker 1: hundred ounced bars that are guaranteed and backed up by
Speaker 1: the Royal Canadian Mint. They take those bars and they
Speaker 1: break them up digitally onto a private blockchain and subledgered
Speaker 1: onto a private blockchain. So these are actually real world assets,
Speaker 1: physical real world assets that are stored and accounted for
Speaker 1: and ledgered on a private blockchain. And that blockchain technology
Speaker 1: allows for twenty four to seven liquidity buying and selling
Speaker 1: for gold and silver, instantaneous settlement, and a lot of
Speaker 1: cost efficiency. And it's a really really unique capital efficient
Speaker 1: program that we offer on our platform.
Speaker 2: That's amazing on multiple fronts. I love the blockchain aspect
Speaker 2: that it's essentially the tokenized right where you can track it.
Speaker 2: And if you said traded twenty four to seven.
Speaker 1: It's these are they are tokenized real world assets. You
Speaker 1: hear so much narrative about real world assets and what's
Speaker 1: going to be you know, the first real world asset
Speaker 1: and what will be tokenized besides dollars through stable coins,
Speaker 1: and we see a lot of different things that are
Speaker 1: being tokenized. There's treasuries and money market funds are really
Speaker 1: highly liquid that they can be tokenized. It is harder
Speaker 1: to tokenize hard physical assets like real estate. But gold
Speaker 1: and silver is very, very unique because it has more
Speaker 1: of like a static nature to it. It's just it's
Speaker 1: a physical a physical thing and a piece of metal
Speaker 1: that can actually be just stored in one place. It
Speaker 1: doesn't generate income, it doesn't have all those complicated hoops
Speaker 1: to jump through like real estate. It's just a really simple,
Speaker 1: straightforward thing to tokenize. And we're we just always had
Speaker 1: people that have been interested in gold and silver on
Speaker 1: our platform because there's a ven diagram between the ideology,
Speaker 1: macro economic views and just perspective on government spending that
Speaker 1: crypto investors have with gold and silver investors. There's a
Speaker 1: lot of overlap there, and that's why there's always been
Speaker 1: inherent interest in gold and silver, coupled with the crypto
Speaker 1: on our platform and the fact that we can do
Speaker 1: it and not gouge people like a lot of these
Speaker 1: other gold and silver companies do and charge extra erroneous,
Speaker 1: unfair fees.
Speaker 3: It gives us a lot of pride.
Speaker 2: Yeah, that's awesome. And to your point, investor is having
Speaker 2: these two acid classes, which is essentially the debasement trade. Right,
Speaker 2: these acid classes have been outperforming other assets. So you
Speaker 2: have crypto, you have gold and silver. So talk to
Speaker 2: us a bit about the IRA setup and the tax
Speaker 2: benefits and things like that. In going this rep.
Speaker 1: Most trading in the United States for all asset classes
Speaker 1: occurs within retirement vehicles. Why is that because people want
Speaker 1: to be able to buy and sell in a tax
Speaker 1: sheltered way.
Speaker 3: It's a lot more capital efficient and.
Speaker 1: It goes really really well with people's financial planning strategies
Speaker 1: when they're thinking long term. And I can give you
Speaker 1: an example of what tax sheltering really means. If you
Speaker 1: purchase ten thousand dollars of bitcoin, for example, or XRP
Speaker 1: or ethereum, and you purchase ten grand in a regular
Speaker 1: non retirement account, and that ten thousand dollars in value
Speaker 1: grows to thirty thousand dollars in value, and you need
Speaker 1: to sell the thirty thousand because you have to pay
Speaker 1: for your kid's education, or you need to do some
Speaker 1: sort of renovation to your home. The twenty thousand dollars
Speaker 1: in profit thirty minus ten is twenty thousand dollars in
Speaker 1: profit is going to come with a capital gains tax.
Speaker 1: If you held that bitcoin or other asset for less
Speaker 1: than twelve months, you're going to get hit with short
Speaker 1: term capital gains, which is the same tax bracket as
Speaker 1: ordinary income tax that you would pay through your job
Speaker 1: on your paycheck. If you held onto that asset for
Speaker 1: more than twelve months, it's long term capital gains, which
Speaker 1: is a lower tax rate. Irrespective of that, you're going
Speaker 1: to get hit with taxes one way shape or the other.
Speaker 1: In all likelihood if you make that profitable transaction, If
Speaker 1: you made that same transaction and took that same profit
Speaker 1: in a retirement account, it's all tax sheltered. You're not
Speaker 1: even reporting those trades or those gains to the irs.
Speaker 1: And that's just one of the incentives the government creates
Speaker 1: for people for saving in a retirement account. Another example
Speaker 1: is staking, right we have ethereum staking Salona. Staking people
Speaker 1: can earn rewards not the same level of risk, but
Speaker 1: a simil learn dynamic to earning interest in a in
Speaker 1: a bank account. And when you earn staking rewards through
Speaker 1: those protocols and you do it in a retirement account,
Speaker 1: the staking income is actually tax sheltered as well, which
Speaker 1: is a really powerful mechanism for people that are saving
Speaker 1: for retirement.
Speaker 2: Yeah, this is such a great option, and especially if
Speaker 2: you have that long term view. And yeah, I mean, look,
Speaker 2: I've cashed out crypto in the past and yet a
Speaker 2: capital gains tax man. I wish it was, you know,
Speaker 2: if I didn't have to take the profits, it was
Speaker 2: a different way to avoid those taxes. But you can't
Speaker 2: write unless you do something like this more long term.
Speaker 2: But this is such a great option. Now, there was
Speaker 2: news this week that you partner up with the folks
Speaker 2: at coinbase to offer bitcoin yield. Tell us a bit
Speaker 2: about that.
Speaker 1: Our clients have always held spot. We have a lot
Speaker 1: of clients that you know, are active traders. They're doing
Speaker 1: self trading all the time, daily, weekly, monthly, et cetera.
Speaker 1: And we don't provide any sort of financial advice, right,
Speaker 1: That's just something that I always have to say, and
Speaker 1: it's a big part of our platform because our clients
Speaker 1: are really motivated, self directed people. At the same time,
Speaker 1: for all of our clients that trade. We have many
Speaker 1: clients that do not trade. They're just classic hoddlers. They're
Speaker 1: holding on for dear life and they're doing so happily
Speaker 1: because they believe in the asset class. They believe that
Speaker 1: bitcoin is a store of value and its modern gold.
Speaker 1: They think Ethereum is going to financialize the global system,
Speaker 1: and same thing for Solana. A lot of our clients
Speaker 1: believe that XRP is going to play some sort of
Speaker 1: role in the future of the financial system and so
Speaker 1: on and so forth. And for those people holding Spot
Speaker 1: is great. At the same time, they would love the
Speaker 1: opportunity to be able to have yield or some sort
Speaker 1: of income on the crypto that they hold. And for
Speaker 1: accredited investors on our platform, we've reached a deal with
Speaker 1: Coinbased Asset Management to partner with them to offer a
Speaker 1: managed strategy to produce yield on bitcoin.
Speaker 3: This is a.
Speaker 1: Program that's offered through Coin Based Asset Management. They're a
Speaker 1: us SEC registered investment advisor. I Trust Capital is merely
Speaker 1: a software platform and we work with a trust company
Speaker 1: and we're able to serve as a conduit for people
Speaker 1: to have these sort of opportunities made available to them.
Speaker 1: But ultimately our clients self direct into them, and for
Speaker 1: credit investor clients, they will have the opportunity to onboard
Speaker 1: into the coinbased asset management fund to be able to
Speaker 1: generate yield on their bitcoin. I'll kind of punt right
Speaker 1: now on discussing exactly how the yield will be generated.
Speaker 1: That'll be part of a future conversation as we get
Speaker 1: closer to rolling out the offering during during Q four
Speaker 1: it's exciting.
Speaker 2: And then for folks who have an existing IRA or
Speaker 2: four one K, can they roll that over to I
Speaker 2: Trust's self directed IRA.
Speaker 1: Yes, there's three ways to fund a retirement account with
Speaker 1: I Trust Capital.
Speaker 3: You can do a four to one K rollover. People.
Speaker 1: Let's say you were at Coca Cola and you took
Speaker 1: a job over at Pepsi. You can move that four
Speaker 1: oh one K from Coke to Pepsi. Or you can
Speaker 1: roll over into an individual retirement account. People do this
Speaker 1: in order for them to be able to self direct
Speaker 1: and choose the assets within which they invest. So if
Speaker 1: you roll over a four to one K to I
Speaker 1: Trust Capital, you are empowering yourself to invest in any
Speaker 1: of the eighty six digital tokens that we have as
Speaker 1: well as the gold and silver, you can also do
Speaker 1: an IRA transfer. For folks who have already rolled over
Speaker 1: a four to one k into an IRA in the past,
Speaker 1: or people who have put cash into an IRA in
Speaker 1: the past, they can do an IRA transfer to US.
Speaker 1: If you have crypto in a retirement account, you can
Speaker 1: also do an IRA transfer to US. And then finally,
Speaker 1: the third way that people can fund is merely with
Speaker 1: a cash contribution. You can do seven thousand per year
Speaker 1: max into an IRA if you're under fifty, eight thousand
Speaker 1: if you're fifty years old or over. And those are
Speaker 1: the three ways within which you can fund a retirement
Speaker 1: account with US. We also have the Premium Custody Account,
Speaker 1: which is our non retirement account, and you can fund
Speaker 1: that with either cash or digital assets.
Speaker 2: Jared, Recently, we've seen the Trump administration open up for
Speaker 2: one ks and retirement acounts to be able to invest
Speaker 2: in different assets classes such as crypto. So it seems
Speaker 2: the trend is to open up retirement to invest in
Speaker 2: a lot more asset classes and much more. What are
Speaker 2: your thoughts on this and how this may play play
Speaker 2: out over time.
Speaker 1: Historically, I think that there were two main types of investors.
Speaker 1: There were people that were really really self managed. They
Speaker 1: just traded their own money and they were super responsible
Speaker 1: for deploying their own financial plans. And then there were
Speaker 1: people that always worked with an advisor, always had some
Speaker 1: sort of financial planner or tax professional build their entire
Speaker 1: investment thesis and strategy and deploying it for them. I
Speaker 1: think over time there's a lot more people that are
Speaker 1: doing self direction. I think a lot of that is
Speaker 1: like skepticism of the legacy financial system. A lot of
Speaker 1: that started happening in two thousand and seven, and a
Speaker 1: lot of people want to take more ownership and have
Speaker 1: autonomy over their finances. And because of that and people
Speaker 1: are doing more self direction. In general, it's only natural
Speaker 1: that alternatives are going to be part of people's portfolio.
Speaker 1: We see it happening right now with gold and silver,
Speaker 1: We've seen it happening over the last ten years with
Speaker 1: digital assets. People want more control, and when they control
Speaker 1: their own destiny, they go into alternatives. And that's a
Speaker 1: big part of why the Trump administration is putting an
Speaker 1: emphasis on alternatives real estate, private investments, crypto and being
Speaker 1: able to own those through retirement accounts. Because people are
Speaker 1: just more independent, they're doing more self direction, and when
Speaker 1: they do more self direction, they naturally gravitate toward alternative assets.
Speaker 2: Yeah, and that helps. Seeing makes sense. You know. One
Speaker 2: of the things we talked about earlier was tokenized gold,
Speaker 2: and we see this massive move or this tokenization race
Speaker 2: that's happening with big firms like black Rock and others,
Speaker 2: and they're looking to tokenize money market funds, stocks and
Speaker 2: so forth. I'm curious as that market matures, and you know,
Speaker 2: we figured out all the ins and outs well, I
Speaker 2: trust look at possibly integrating some of these tokenized assets unequivocally.
Speaker 1: It's the number one initiative that I have right now
Speaker 1: is to create these sort of new age opportunities for
Speaker 1: our clients. You see it with the coin based asset
Speaker 1: management bigcoin managed strategy product. That's a huge part of
Speaker 1: what we're trying to accomplish. But that's only the beginning.
Speaker 1: We're looking into other similar opportunities for different tokens on
Speaker 1: our platform. Those opportunities will be created for fiat, they'll
Speaker 1: be created for stable coins. People on our platform will
Speaker 1: be able to take fiat and put it into stable
Speaker 1: coin sort of yield interest bearing opportunities. Getting rewards on
Speaker 1: their stable coins. We're very much looking into that. And
Speaker 1: then there's so many different opportunities that are going to
Speaker 1: proliferate with real world assets. You see so many companies,
Speaker 1: whether it's Googenheim with their digital commercial paper product, you
Speaker 1: see Franklin Templeton have their real world asset products. And
Speaker 1: when you look at a platform like XDC network, I
Speaker 1: mean there's just unlimited companies that are going to be
Speaker 1: proliferating over the course of the next five to ten
Speaker 1: years that are going to offer real world asset opportunities
Speaker 1: and we want to be at the forefront of that.
Speaker 2: Yeah, it's exciting to see what's happening. And you know,
Speaker 2: one of the things a lot of folks are waiting
Speaker 2: on is the Claritiact to pass the market structure bill
Speaker 2: that's currently sitting in the Senate and some folks anticipating
Speaker 2: may pass by the end of Q four. You know,
Speaker 2: what do you think that means for the market and
Speaker 2: even for your business As the acid cloud continues.
Speaker 1: To grow, People in crypto have always been asking for
Speaker 1: fair regulation, right, we don't want to not be regulated,
Speaker 1: and that's a misconception about the industry. People think we
Speaker 1: don't want regulation. There's nothing that could be further from
Speaker 1: the truth. We want fair regulation, and if you look
Speaker 1: at the previous SEC administration, there's a lot of unfair
Speaker 1: regulation on the industry and now we're seeing a lot
Speaker 1: of good, common sense regulation and it's leading to some
Speaker 1: amazing things and we're going to see the market open
Speaker 1: up in so many ways. And the Genius Act certainly
Speaker 1: was a good first start for us to be able
Speaker 1: to get some actual legislation in the space. But I
Speaker 1: think the Market Infrastructure Bill is going to be next
Speaker 1: level and it's going to create a framework that will
Speaker 1: allow so many different companies, credit card companies, banks, non banks,
Speaker 1: FinTechs to be able to participate in the space in
Speaker 1: a compliant way. Give more people access to crypto. Why
Speaker 1: is it important for people to get access to crypto?
Speaker 1: I was at a luncheon last week where there was
Speaker 1: a macro economist, a macro economist who was speaking about
Speaker 1: all sorts of things going on in the economy. He
Speaker 1: was a very smart guy, and then at the end
Speaker 1: someone asked about crypto and he was like, well, it
Speaker 1: creates no value. And for me, that's like twenty eighteen
Speaker 1: called then wants its narrative back because there's so many
Speaker 1: just inherent value propositions for crypto, and the main ones
Speaker 1: are that it creates more transparency and democratization in all
Speaker 1: sorts of financial markets. It creates instantaneous liquidity and settlement,
Speaker 1: and it creates lower costs for getting into markets. Right,
Speaker 1: so not just transparency, but lower costs and faster settlement.
Speaker 1: And companies like Fidelity, black Rock, multi billion and trillion
Speaker 1: dollar companies, they spend billions of dollars every single year
Speaker 1: on facilitating settlement and clearing, and crypto allows you to
Speaker 1: do that at a fraction of the price. And just
Speaker 1: that in itself creates a lot of value for people,
Speaker 1: and that value will I think naturally it'll be passed
Speaker 1: back down to users of these institutions. And I think
Speaker 1: just that alone creates a lot of value proposition for
Speaker 1: people that are in the crypto space. And that's why
Speaker 1: we want good regulation.
Speaker 2: Yeah yeah, well said. And you know, I love the
Speaker 2: transparency and we actually just had a great example of
Speaker 2: it this week. You know, some people were talking about
Speaker 2: on social media, but for example, the folks at Paxos
Speaker 2: accidentally minted a little extra for the PayPal sable coin
Speaker 2: about three hundred trillion, But guess what, within thirty minutes
Speaker 2: it was resolved. But the important thing is we all
Speaker 2: saw it at the same time on the pards of
Speaker 2: the blockchain data. We saw, hey, something, what's going on here?
Speaker 2: Why is this much of that stable coin minted? And
Speaker 2: then you know, they announced, hey, an errow is made,
Speaker 2: and we saw when it was burned. You can't have
Speaker 2: that transparency at a bank. There's no way you would
Speaker 2: know that.
Speaker 1: I think those kind of things happen all the time,
Speaker 1: not necessarily at the scale of three hundred trillion, but
Speaker 1: I think that there's a lot of manipulation and not
Speaker 1: necessarily rule breaking, but rule setting activity within the legacy
Speaker 1: financial system, and there's sort of an inherent capability for
Speaker 1: people in the legacy financial system to rig the game
Speaker 1: to benefit themselves. And you don't really see that happening
Speaker 1: in real time the way you see it happening in crypto,
Speaker 1: and people track things on the blockchain all the time.
Speaker 1: You know, suspicious activity gets flagged all the time, and
Speaker 1: that transparency, for me, I think you would agree, is
Speaker 1: a real game changer.
Speaker 3: For financial markets in general.
Speaker 2: Yeah. Absolutely, Now, obviously you guys got a lot on
Speaker 2: you know, you're working on obviously the Coinbase partnership rollout
Speaker 2: and much more. What else is on your road map
Speaker 2: that you want to highlight.
Speaker 1: We've already launched, as I said before, Ethereum and Solana staking.
Speaker 1: We're going to be adding Cardono staking, which is really
Speaker 1: really exciting for our clients, and hopefully we can get
Speaker 1: that done in the next couple of months before the
Speaker 1: end of the year. We're going to be offering some
Speaker 1: new features through our non retirement accounts, such as the
Speaker 1: ability to add beneficiaries to the account, which would allow
Speaker 1: people to utilize that account as like an estate planning tool,
Speaker 1: which is really cool. We're going to be launching new
Speaker 1: account types. We'd love to be able to offer accounts
Speaker 1: for businesses and for people that have trusts and LLCs,
Speaker 1: which we think, you know, allowing institutions to participate on
Speaker 1: our platform and get access to those same security features
Speaker 1: that our retail clients covet is something that's really for us,
Speaker 1: and we're just going to keep building. We're going to
Speaker 1: look for new opportunities for people to be able to
Speaker 1: generate income on their money in a in a risk
Speaker 1: managed compliant way with full disclosure, and we're just going
Speaker 1: to keep moving the ball forward. When it comes to innovation,
Speaker 1: that's really great.
Speaker 2: I love that adding new assets and I love the
Speaker 2: additional features, so I'm excited for those to roll out
Speaker 2: as a user and even explore how I can leverage
Speaker 2: them as you know, having a trust and things like that.
Speaker 2: So that's really cool, Jared, great stuff. Love what you
Speaker 2: guys are doing. I got some wrap up questions here
Speaker 2: for you. First, if you could create your own metaverse,
Speaker 2: what would the theme be?
Speaker 1: Hmm, If I can create my own metaverse, what would
Speaker 1: the theme be? It's a really really good question. I
Speaker 1: would love to do something through through sports. I think
Speaker 1: that when you look at I remember like the Golden
Speaker 1: State Warriors. I'm not sure if they still do this
Speaker 1: or if they if they've been doing it the who
Speaker 1: whole time, but they offer the virtual reality court side seats,
Speaker 1: and I would love to see more of that within
Speaker 1: sports in general, to just have a metaverse where you
Speaker 1: can be able to and I'd even be willing to
Speaker 1: pay some sort of monthly subscription for this, but the
Speaker 1: ability to like feel like you're at the game, and
Speaker 1: they really make this look easy. There's so many of these,
Speaker 1: like bars and restaurants where you can pay like one
Speaker 1: hundred bucks to go on a Saturday and feel like
Speaker 1: you're watching Manchester United play because they have a camera
Speaker 1: set up in the stadium. And I would love to
Speaker 1: be able to do that, to just kind of hop
Speaker 1: from stadium to stadium and feel like I'm going to
Speaker 1: all these sporting events through some sort of metaverse. And
Speaker 1: you know, obviously the tickets could be NFTs and there's
Speaker 1: a lot of different cool ways that you can utilize
Speaker 1: crypto technology through that sort of offering.
Speaker 2: As a sportsman, I would love that as well to
Speaker 2: be able to do that. Rapid fire questions.
Speaker 1: Favorite food, sushi, favorite musician or band, believe it or not,
Speaker 1: Like that's such a hard question for me, not because
Speaker 1: I listened to so much music, but because I'm just
Speaker 1: not a connoisseur when it comes to something like that.
Speaker 1: But someone was playing Santa Ria earlier and I really
Speaker 1: enjoyed that.
Speaker 3: So a really good song.
Speaker 2: Yeah, for sure, favorite movie Gladiator, favorite.
Speaker 1: Book, favorite book, Lords of Finance. This is actually the
Speaker 1: way I got into crypto. I didn't get into crypto
Speaker 1: because someone was like this crypto isn't to change the world,
Speaker 1: or bitcoin is going to change the world. I got
Speaker 1: into crypto by reading Lords of Finance, because Lords of
Speaker 1: Finance is about how central bankers over the last three
Speaker 1: hundred years have manipulated the system and made a lot
Speaker 1: of wonky moves that have impacted fiat currency and how
Speaker 1: it's led to wars and impacted wars, and it led
Speaker 1: to famine and countries, and it led to a lot
Speaker 1: of excess in other countries and just destabilized the world.
Speaker 1: And by reading that and learning the history of that,
Speaker 1: that actually orange pilled me in a lot of ways.
Speaker 1: So that was a really fascinating way for me to
Speaker 1: get into crypto. Lords of Finance.
Speaker 2: You know, Jared, I'm gonna have to check that out
Speaker 2: because I read the Creature from JACKI Liland right and
Speaker 2: the creation of the Fed and you know all that stuff.
Speaker 2: I've never heard of the Lord of Fining, So I'm
Speaker 2: gonna check that out. Thank you for that recommendation there.
Speaker 2: I highly recommend And when you're not working, I trust
Speaker 2: what are you doing for fun?
Speaker 3: Family? It is a lot of family stuff, you know.
Speaker 1: I got a I have a seven year old, and
Speaker 1: I have a four month old, so a lot, a
Speaker 1: lot of family stuff right now. We're getting into skating,
Speaker 1: so I actually roller skated for the first time. That
Speaker 1: might be the last time I do it. I think
Speaker 1: I'm gonna have to pick up a pair of roller blades.
Speaker 1: But just spending a lot of time with family. As
Speaker 1: you know, I'm super into crypto and I'm super into sports,
Speaker 1: and you know, between all of those different things, and
Speaker 1: you know, now fantasy football, I you know, kind of
Speaker 1: have my hands tied.
Speaker 2: Awesome, Jared Pleasure. Really looking forward to the future updates
Speaker 2: A on I trust. Thank you so much for joining me,
Speaker 2: Thanks for having me.