🚨MAJOR WALL STREET BANK ADOPTING CRYPTO & TOKENIZATION!

I'm your host, Tony Edward. On your way in. Please sit that subscribe button as well as a thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please leave a five star rating and review. Well, folks, the big news of the day is that State Street has selected

Taurus for crypto custody and tokenization. Now this is not the first go round for State Street with crypto, if you recall back in June, they announced that partnership with Galaxy Digital that's Mike Novogratz to develop crypto trading products. So we're seeing all of Wall Street guys jumping into

the crypto asset class. They are building new technology, they're adding crypto to their portfolio of financial products and they're expanding globally with these services, so it's very bullish, right. These folks know the deal, they know what's coming, that crypto's here to stay. The world is going to run on blockchain, so they're trying to position themselves to get as much market share as possible. So here are the details.

State Street, the global custody bank with forty four point three trillion dollars in assets under its watch, chose cryptocurrency custody and tokenization specialists tourists to provide digital assets services in anticipation of a more congenial regulatory climate in the US. The bank's initial focus is to go live with tokenized versions of traditional assets, with the first client named shortly afterward.

Stage Street said a natural role for a custody specialist like State Street would be to look after digital assets. Banks in the US have been forced with a major hurdle in the form of the SEC's Staff Accounting Bulletin one two one, also known as SAB one two one, which imposes restrictions on companies that want to hold their customer's crypto assets. So this is the BS rule that was repealed in the House and the Senate, but unfortunately

Joe Biden veto the ultimate repeal. But it's a BS rule from the SEC that they're trying to block many of these banks some custody and crypto because it all goes back to Elizabeth Warren and nonsense that she's been doing. So these banks are finding other avenues of being able to custody crypto while the regulations are being worked out now a couple of things. They're launching et apps, they're tokenizing, they're doing all types of different things with blockchain and crypto, folks,

And I hope you see what's happening. This is taking place while many investors in the market right now are bored, are angry, are frustrated, right They're feeling tired of the price not doing anything, moving sideways, a lot of volatility. But this is why on this podcast we've preached being patient and having the macro view on this market. Guys, there's a ton more capital waiting to come into this market, but we need the proper regulations and we need both

Democrats and Republicans to work together. And this is why I've been pushing the narrative that look, I'm not telling you to vote for Kamala Harris I'm not telling you to vote for Donald Trump. But the one issue we need both sides of the aisle to come together on is crypto so that we can get the full legislation and regulations and we can allow more capital to come in. Now, ultimately crypto is going to win. The point is I wanted to happen sooner than later so my bags can

go up. I've been very open and transparent. I'm here to make money. I do believe in the technology. I do believe in the application of it and the benefits and the improvements is going to bring to the world. But first and foremost, I'm trying to get financial freedom, and secondarily I will want to see the adoption of

the technology. So let me continue here. State Street has been very vocal about the need to change SAWM one two one, which could force banks seeking to hold crypto to maintain an owner's amount of capital to compensate for the risk, said Dona Millrod, state Street's chief product Officer and head of Digital Asset Solutions. All of these banks and Wall Street firms now have a head of Digital assets right what it's Goldman SAgs On Morgan Stanley. They

all have a person leading on crypto. They have a division, a team. It's pretty amazing. This was not here when I got into crypto, which was in late twenty sixteen. So here's the quote from Milrod. While we're starting with tokenization, that's not where we're ending. As soon as the US regulations help us out, we will be providing digital custody services as well. We know how to be a custodian. We don't do that on our balance we do that

off balance sheet. They're not our assets. Lamin Brahamini, co founder and managing partner of Switzerland based Taurus, pointed to the benefits of tokenizations such as twenty four to seven trading and the ability to optimize collateral management, while echoing the need for a better regulatory climate in the US. Notice what was mentioned here twenty four to seven trading? What have I been saying for years? What did I write in my book twenty four to seven Trading Global Markets?

Three hundred and sixty five days per year, no borders, guys. And the reason why tokenization is so significant is that they're going to put stocks and commodities and all the securities of tradfi onto the blockchain and tokenize it. And you will be able to fractionalize things like I said twenty four to seven trading, instant settlement, and it's going to make markets more efficient. There's going to be more liquidity, it's going to open up secondary and tertiary markets. This

is why I'm bullish, folks. World will be running on blockchain. It's the token economy that once again I wrote about my book. I've been telling you guys for years these things are happening. It's not making the major headlines on CNN or Fox Business, but these Wall Street banks and the biggest financial institutions in the world are building, and clearly we see the trajectory that they're on here. So

here's a quote from Brahamini. I'm quite sure this partnership with State Street will be a positive signal for the US financial markets in general, which because of SAVO one two one have been lagging those in Europe. So huge, huge news, guys. I'm so bullish and I'm excited for this bullmarket. But also, like I've been saying, for the future bullmarkets, twenty twenty eight the next bitcoin having and that bullmarket run into twenty twenty nine to twenty thirty.

So I've told you guys my plan cash hop profits in this respective bullmarket. We haven't hit the top yet. Take some of that profits, spend some of it of course for lifestyle chips right, pay off some debt, and reinvest some of it, some of it in crypto, some of it in the Nasdaq and traditional assets and possibly real estate. So I'm looking to squeeze as much juice out of this orange as possible, grow my net worth, and build up my retirement nest egg. So those are

my plans, folks. I don't know what your plans are, but I'm not trying to go buy a lamb ball. I'm trying to get financial freedom, eliminate debt, and once again have that nest egg for retirement. So this is huge news, and like I said, it's not the first go round for State Street. They're working with Galaxy Digital

building out crypto trading products. Now, in context of that, it's important for me to rehash this news from just August fifteenth, or last week that we saw through SEC filings, the thirteen aps that Goldman, Sachs and Morgan Stanley are holding billions of dollars worth of bigcoin et apps. They are invested in the black Rock, bigcoin ETFs, Fidelity and

so forth. So again we're seeing actual facts here of these Wall Street institutions and the biggest financial institutions in the world embracing crypto, launching products, building with it, and much more. Now here's some data about the bitcoin ETF exposure for the top twenty five hedge funds. So sixty percent of the largest hedge funds have disclosed bitcoin ETF holdings.

See the direction we're going in here, folks, and wait till we have more all coin ETFs, you're going to see capital coming into a variety of them, ethereum eventually Solana, XRP and so on and so forth. Now there's some news today that I'm going to highlight that the SEC is trying to roadblock the Salon ETF. But once again, these roadblocks can be put up, but we know it's not a matter of if, it's a matter of when,

And you know it could happen next year. You know, let's say Gary Ganser is out and there's new thisscrypto regulations that have been passed. You know that could change very easily. But nevertheless, today, black Rock, Spot Bitcoin ETF, I, bit did seven hundred and twenty eight million dollars in trading volume today, So we're seeing a lot of buying up and there's demand for them from the institutional investors in all of Wall Street. They want this acid class.

And you know, I go back to what Paul Tudor Jones said in twenty twenty, and it really clicked for me. He said, bitcoin and crypto is the fastest horse in the race. In an environment where they're printing trillions of dollars, I could go investment in real estate, i could put it in the stock market, but I'm going to put it into bitcoin and crypto because it has the faster appreciation and value. And we've seen Bitcoin has been the best performing acid over the past ten to eleven years.

Not to mention all coins, right, Bitcoin is usually the measuring stick that they use to compare to other assets because it's the most mature in the crypto acid class. But many all coins have outperformed Bitcoin. That that is a fact. But you know, for the mass, you can't go throw one hundred all coins to them and say hey, here's avax or here's Salona. They're like, what the hell are you talking about? But they know about bitcoin because that has the branding, So you have to understand the

narratives and the nuances of presenting this to people. But guys, this is why I'm bullsh and crypto. This is why a majority of my investment capital is in crypto versus you know, the NASLAC and traditional assets. We also got news that Tether has minted another billion USDT last week. I highlighted this, I tweeted about it and so forth

while I was in Punta Kana. Looks like whales are starting to grab up stable coins and this is a big indication of liquidity that is going to be put into the market now that you know, they're going to buy the dips and we're going to eventually see all these things reflected as the market starts to pump. And it's not only Tether. We saw USDC. Millions in us DC issued by Circle have been issued over the past

three weeks. So these are the different data points and metrics I use to get an idea what's happening in the market, not my feelings, not my emotions. And I say that for the new people who are listening my og listeners. You know the deal. We don't move by emotions. Here, we don't invest by emotions. We look at the charts, look at the fundamentals, the macro factual information such as stable coin volume, stable coin supply, the number of bitcoin

and exchanges, all these different metrics. Right, but very bullish signed here, folks. We continue to see stable coins being minted. Now. Quick word from our sponsor, and that is vchainvchain is one of the top enterprise blockchains out there. Guys. Many different companies and brands are using v chain to build Web three and decentralized applications and different ecosystems. I'm bullish

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If you'd like to learn more about v chain, go to v chain dot org. Link will be in a description. Now, earlier I mentioned the Solana ETF situation, so we got the headline here the SEC rejected the CBOES nineteen bdsh war filings for Solana ETFs. So look, Yary Ganser up to his nonsense. But we know that, you know, the typical process has been, you got to have a futures market and then you get the spot. But you know,

I see this more as a delay tactic. You know, this could happen next year once again, if there's a regime change, and I think Gary Ginser is out, whether Kamala Harris or Donald Trump wins, I think Gary is going to be out for sure. And we know Congress is working in regulations, so this could all change by next Here, this is not really surprising, especially that Solana was named in some of the recent lawsuits against crypto

exchanges like Coinbase and so forth. Now, in the Binance case, we know Solana and a bunch of other tokens were removed, but we don't have concrete evidence that the SEC has officially dropped Solana out of its radar of targeting as a security. But look, we're dealing with scumbag regulator Gary Genser. So until then we got to keep fighting folks. Now,

something interesting happened with Binance. Bill Hughes, who have had on the podcast he's a lawyer, Consensus said Binance and CZ were sued last Friday by class plaintiffs in Seattle Federal Court and interesting class action brought by top class action lawyers alleging consumer harm as a result of Binance's money laundering and the natural predictable follow on civil action that seeks to capitalize or depending on how you characterize

these things, recover on the government prosecutions and enforcement actions from earlier this year. He says. The TLDR here is these plaintiffs and the class of US consumers they represent had their cryptos stolen in hacks and other thefts, and those funds were sent to Binance for laundering, which Binance was aware of and to some extent encourage as its lucrative business model. Plaintiffs say this injured them as Binance was an essential part of the laundering and constitutes illegal

racketeering that violates the Rico Statute. Look, we'll see what happens here, but you know everybody's going to try to come for their pound or flesh from Binance. The amount of money they paid I think over four billion dollars in penalties. And it's just because they weren't doing proper kycaml They weren't doing any major fraud or anything like that. It wasn't like FTX, you know what Sam Bechmerfried was doing, stealing customer funds and trading with them and all that jazz. Right,

But we'll see, we'll see where this goes. But just want to let you guys know about it. Paradigm leads seven point five million dollars seed round of Currella Labs that aims to solve Ethereum's MeV problem. So this is interesting. The startup is building tools to solve Ethereum's MeV problem. At the Application Layer, co founder and CEO Ludwick thuven And told the block if I said his name right there, so you may be saying, what the hell is MeV,

It's the maximum extractable value. So MeV refers to the profit validators or bots that can extract by re ordering, inserting, or sensoring transactions within the block. Common MeV strategies include front running, executing trades before others, sangwich attacks, trading before and after large transactions and arbitrage profiting from price differences across platforms. These practices can result in higher costs for DeFi users and can give an unfair advantage to those

with more resources. So, guys, it's great to see that these things are being worked on and solutions are being brought to the table, and also that there is capital being given to companies to solve these problems. That's very healthy in an growing emerging asset class. Now VC's back AI focused blockchain team building internet connected smart contracts. So yeager ai, the development team behind the decentralized AI network gen Layer, raised a seven point five million dollar seed

round led by North Island Ventures. Gen Layer uses non deterministic smart contracts and a bespoke delegated proof of steak algorithm to enable new types of applications that interact with real time information. Guys, it's so hard to keep up with all the new projects and all the things that are being built. It feels very much like the dot com boom, where there's a lot of different projects, but not all of them are going to be a winner, so we have to watch it closely, but clearly, you know,

with the AI blockchain fusion, so to speak. We are seeing a lot of new projects popping up, new solutions, and I'm excited, but also you've got to be careful, right just watch what's going on. How you want to enter some of these projects, whether they have a token.

Is it a short term hold where you run, you know, runs up with the liquidity that comes from the vcs and the bull market liquidity, or is it a long term hold because it is legitly solving a massive real world use case that you may want to hold for multiple cycles. So you want to strategize accordingly and obviously look at the pros and cons up some of these projects. Well, folks, that's the news. I would love to hear what you guys think about the State Street news. I think it's

pretty significant. That's that's a huge bank, guys, And it's like we've always been talking about gain theory. Black Rock made the first move. Now all of Wall Street, it's following Goldman, Sachs, Morgan, Stanley, State Street, you, Fidelity, They're all coming in line. Blackrock was the first domino and the out dominoes are falling now. So I'm excited. I'm bullish. I know the price doesn't reflect that right now. It's boring zone, but be patient and have the macro outlook, folks.

Liquidity is coming back. It's on the rise globally. Stable coin volume is increasing or supply is increasing, and we're going to go through the seasonality of the market cycle. So come I think after mid September into Q four, we're going to start to see the markets move significantly, So be patient. Guys, don't forget to sign up for my free email newsletter on substack. It's one hundred percent free.

Link will being a description. Also, you can support me by grabbing a copy of my book, Rethinking Crypto on Amazon or Barnes Andnobles dot com. It's available in paperback and digital. If you bought a copy already, please leave a five star rating and review. It really helps out my rankings and I appreciate you all. Thank you for watching, listening, and I'll talk to you all later