NYSE SECURITIZE TOKENIZED STOCKS! TETHER USDT AUDIT & PENSION FUND TO BUY CRYPTO! - podcast episode cover

NYSE SECURITIZE TOKENIZED STOCKS! TETHER USDT AUDIT & PENSION FUND TO BUY CRYPTO!

Mar 25, 202620 min
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Episode description

Crypto News: New York Stock Exchange taps Securitize to build its tokenized stock platform. Hostplus, a $105B Australian pension fund, is exploring Bitcoin and crypto access for its 2M members. Tether hires a 'Big Four' firm for a full audit of USDT reserves.
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⏰ Time Stamps ⏰
00:00 Intro 
00:26 Bitcoin analysis 
03:31 Pension Fund crypto investment
 05:26 NYSE Securitize Tokenized stocks
07:08 Invesco Tokenization Superstate 
08:32 Bank of Montreal CME Tokenization 
11:44 Tether USDT Big Four audit 
14:39 Solana Foundation institutional developer 
15:36 ParaFi $125 million crypto fund 
17:18 CFTC Crypto Task Force 
================================================= 
#Crypto #Tokenization #Tether #USDT #CryptoNews #Cryptocurrency #Bitcoin #BTC #BitcoinNews #ETF #News #Ripple #XRP #XRPNews #RippleXRP #Ethereum #EthereumNews #ETH #Solana #money #investing #trading #Altcoin #Altcoins #NFTs #Metaverse #Podcast #ThinkingCrypto ================================================= 
The Thinking Crypto Podcast is your home for the best Crypto News and Interviews - crypto, cryptocurrency, crypto news, bitcoin, bitcoin news, xrp, xrp news, ripple, ripple news, ripple xrp, ethereum, ethereum news, cardano, ada, solana, altcoins, defi, news, interviews, podcast, metaverse, nft, altcoin daily, cryptosrus, coin bureau, altcoin news, bitcoin today, markets, investing ================================================= 
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Transcript

Intro

Speaker 1

Hey everyone, Welcome into the Thinking Crypto podcast. You're home for cryptocurrency news and interviews. I'm your host, Tony Edward. On your way in. Please let that subscribe button as well as the thumbsup button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple or wherever you get your podcasts, please be sure to follow and leave a five star rating. Okay, folks,

Bitcoin analysis

Quickly touching on the price of bitcoin. Bitcoin currently trading just below seventy one thousand dollars, so we're not seeing any type of big movements. As we reported yesterday, there was a big bounce back up after a dump over the weekend because of President Trump tweeting some positive things

about the Iran war situation. But it's tbd if this relief rally has lost its momentum and we're about to roll over, or there's still the possibility of us moving up to around eighty K, eighty one, possibly eighty five K before a ultimate rollover, which I think to lower lows such as a fifty between fifty two to fifty five K. I think that's where bitcoin finds the bottom.

Now I could be wrong. There's no certainties here we're talking probabilities, but I'm thinking based on the Fibonacci levels in addition to the market being extremely over sold and where we touch the levels that we touch in previous bear markets. So we're gonna have to wait and see. But that is personally what I'm looking at, and I'll be taking some profits on Bitcoin if it does go above eighty thousand dollars, and then we're going to see

some alls start to follow. Something we do have to keep an eye on is that there seems to be a liquidity crisis that it's brewing. You know, over the past couple of weeks, I reported about black Rock as well as Apollo pausing withdrawals on their private credit fund. Well Ares as well Aries another firm has added a limit on withdrawals from its ten point seven billion dollar private credit fund. So you have the biggest firm it's having these issues. So it goes without saying that we're

not in great economic conditions right now. There's a lot of uncertainty in the world with the Iran situation plus gas prices, there's a lot of economic issues going on, so we are starting to see cracks in the system now I'm not a doomer. I'm not saying the whole world is going to collapse or anything like that. The point is what I'm trying to highlight here is that we may see further downside, there could be something that breaks, which often is a big catalyst for the FED to

step in with QWI on steroids. We are currently doing qi but it's not at the levels we've seen in the past. But I do believe what Trump's new fetch are coming in May, and then if something breaks, they're going to fire up the money printer and they're going to print like crazy. It's the only solution they have, and that's going to drive asset prices higher. But it

takes time for those things that happen. And I'm not guaranteeing anything that something's going to break, but I'm reporting the facts that these companies are all of a sudden limiting withdrawals on their private credit fund. And to see the likes of black Rock, especially the world's largest asset manager, having to do that, then you have these other firms doing it. So something is not looking too good here. So just keep this in the back of your mind.

You know, there's often some catalysts and the narratives and things like that where things break and then emergencies step in by the FED, and I think we all know what will be the result of that situation where they're going to have to print much more. But regardless, we

Pension Fund crypto investment

are seeing crypto getting adoption and there's a lot of buying of crypto assets happening. So look at this hosts plus, a one hundred and five billion dollars Australian pension fund is exploring bitcoin and crypto access to its two million members.

So across the globe we are seeing the on rams being built for access into this crypto ASCID class and you know the fact that they're doing this now where they're going to be able to accumulate the lows and then we all know how works right the bull market. Some of these funds will take profits, as you know many folks do. So this is where you want to

be on the side of smart money. You know, right now with the market being down, now is when you want to start to look at accumulating, right having some sort of dollar cost averaging strategy. So let me give you some more details. The fund, which manages around one hundred and fifty billion Australian dollars or one hundred and five billion dollars is looking at adding crypto options through

its self directed plan Choice Plus. This plan allows members to manage a small part of their retirement savings on their own. As per the report, this currently makes up about one percent of the fund's total assets. While the proposal is awaiting regulatory approval, host plus could start offering crypto exposure as early as next financial year. The fund is still reviewing details, including consumer protections and the structure

of the offerings. Chief Investment Officer Sam Cecilia stated, there's certainly a demand from some of our members who write in and say why can't I have access to cryptocurrency. So this of course is not unique to host plus or Australia. It is happening across the globe. So this is why I'm so bullish. And as you have more clarity and regulations being put into place, it will allow more capital to come into the market. So really incredible stuff, now, folks.

NYSE Securitize Tokenized stocks

Today was a huge day for tokenization news. So first up, the New York Stock Exchange taps Securitized to build its tokenized stock platform. So we know the future of finance is tokenization. They're going to put all assets on the blockchain. As we've talked a blot about over the years, well securitize. Many of you know, they were leading the charge with

tokenization going back to twenty eighteen. I remember interviewing one of the founders, Jamie Finn, at World Cryptocon in Las Vegas, and they were just a startup ack then very small, and now they've grown into this incredible company that helped Blackrock to launch their token is is money market fund and Blackrock even invested in them. Now the New York Stock Exchange is using them. So amazing how far these

firms have come. But again this is the future. So the New York Stock Exchange has tapped Blackrock back tokenization specialist Securitizes to help design its token is securities platform. Securitize, an sec register transfer agent, is expected to be among the first to mint token is stocks and ETFs on the platform, pending regulatory approval. The move underscores a broader push by the New York Stock Exchange and NASDAC to move stock trading onto blockchain rails offering around the clock

trading and near instant settlement. Folks it's happening. It is happening. Don't let the price action the bear market distract you. These firms are building. They know what's coming. I keep telling you guys. You know two three years ago Larry Fink gave the mandate saying tokenizations the future of finance, and all these Wall Street firms, investment firms, bang stock exchanges are all headed in the same direction. Here is

Invesco Tokenization Superstate

another example. Invesco joins tokenization race as it takes over Superstate's nine hundred million dollar on chain fund. The two point two trillion dollar asset manager is stepping into the rapidly growing tokenized treasury market, joining global financial behemits like black Rock and Franklin Templeton. So the fund will be renamed the Invesco Short Duration US Government Securities Fund in

the second quarter of twenty twenty six. With its token structure and super States plumbing, the twelve billion dollar tokenized US treasury market is gaining traction for offering near instant settlements and around the clock trading, attracting global asset managers such as black Rock and Franklin Templeton. By the way, guys, tomorrow, I'll be publishing my interview with the head of Digital

Assets at Franklin Templeton, Roger Bastin. So you don't want to miss that because I go through the details of why is Franklin Templeton doing what they're doing, talking about their tokenization strategy and much more. It's a really great conversation. So you don't want to miss that. That interview is going to be published in the morning. So incredible, incredible, what is happening here? And remember you want to look at which blockchains are they building on and make sure

you have those tokens in your portfolio. Not financial advices. Obviously you know do your research, but I'm just saying in principle, if you were investing, you want to look for the blockchains that are getting the adoption and the building on them. Here's another example of institutions building so

Bank of Montreal CME Tokenization

BMO the Bank of Montreal introduces tokenized cash and deposit platform with CMA Group and Google Cloud. Look at who's participating here, folks. This is a very interesting one. So this is the first bank to offer CME groups tokenized cash solution on Google Cloud Universal Ledger. It says here enhance digital financial infrastructure modernizes twenty four to seven instant settlement, enabling clients to move value continuously for margin, collaterable and

settlement workflows. Establishes the groundwork for tokenized deposits that support broader payment and treasury use cases. So one of the things you're going to see in addition to stable coins is tokenized deposits. That is what's being built by many of these banks. You know, as far as the ledger, it says here Google's Cloud Universal Ledger, this is a permission chain. So we've often talked about it's going to

be a hybrid approach. These companies are going to have their private permission chain where no one can access it unless you're in partnership with them, and you know kind of what the BMO and CMA group and Google Cloud are doing. But what we're seeing is many of them now have to bridge to public chains to get settlement and liquidity. So it will be a hybrid approach for

many of these institutions. They'll have their public chain items, they'll have their private chain items, but nevertheless, it's all blockchain rails, right. There's a reason they're upgrading. Even if they're not building on a public chain, they have to get on board. This is the future. I've been saying for NonStop. The future, capital markets, economies, and governments will all run on blockchain rails. So we are just seeing

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Tether USDT Big Four audit

Big news coming out from Tethers. So tether hires a big four firm for a full audit of its USDT reserves. Now they talked about doing this for about six months or so, or even more than that, so it's great that they've finally gone through that prosus of selecting a big four firm, so that it's probably ey PwC, KPMG, Deloitte. I believe those are the top four. So this is really great and this is something people have been calling for.

And I think you know, I've been on record, guys, I think many of you know on record saying for years in the early days, I don't believe Tether's books were in order. I think there was problems, right, I've been on record saying that, But people still continue with that fud. But not anymore. I think their books are in a better place. They've writed this ship. I've interviewed many people from Tether talking about this. In addition, you know Cancer Fitzgeral, Howard Lutnik who now works with the

Trump administration. They did a audit saying, hey, they have the capital of the reserves in place, and Canter even invested in Tether, right, So I think all the necessary pieces are there. Plus Tether has been working with regulators and much more. You know, even their CEO, Paolo was at the White House crypto hearings and things like that.

So you know, you're still going to see people spread fud because it's easy to say, yeah, you know, Teller, I want to share it, tell and it's like, yeah, they've been putting out attestations, you can go see it on their website. People still ignore that, and now they're gonna have a big form accounting firm. But you're gonna still see the fudsters who sometimes are paid, you know,

to spread food. In addition, you know people who are anti bitcoin so to speed, they think going after Tether will hurt Bitcoin when Tether's used to you know, trade other all coins like xrps, a lot of etherorem and much more. Right so, people who just don't understand, they're not educated about it, and sometimes they listen to the wrong influencers who tell them just just feelings and emotions,

right vibes versus hey, what are the facts? So Tether has hired a Big four accounting firm to conduct its first full financial statement audit of reserves backing it's one hundred and eighty four billion dollar USDT stable coin. The company, which has previously released only periodic attest stations, said the audit will involve a detailed view of its assets, liabilities

and controls and reporting systems. Tether did not name the firm, but said it was chosen through a competitive process amid long standing criticism and scrutiny over whether USDT is fully backed one to one by liquid reserves. So hopefully we can see that report by midyear. I'm sure, it's going to take a while for these firms to do their thing. I'm curious which firm, but you know, if it's one of the big four for like I said, KPMG, Deloitte, PWCEY, things like that, So we shall see. But this is

very good, guys, this is very good. Solana Foundation taps MasterCard,

Solana Foundation institutional developer

Western Union, world Pay for institutional developer platform. Many of you may have caught my interview with Western Union's head of Digital Assets most recently, and they're building their stable corn and Solana. So Solan's getting a lot of adoption and they're partnering with the right institutions. So the new Solana developer platform, let's enterprise is build tokenized assets, stable coins and payment flows via APIs with AI integrations from

open Ai and Anthropic. Early adoption by MasterCard, Western Union and world Pay highlights growing institutional push toward blockchain based settlement and payments. So this is really great. I think it was yesterday's episode we're to talk about the Salona Foundation looking to build in more privacy elements because that's what institutions want. So folks of Solana doing a lot of work here. This is really great and big partners, MasterCard,

Western Union will pay and much more. Okay, moving ahead,

ParaFi $125 million crypto fund

Digital asset manager Parafy raises one hundred and twenty five million dollars four new venture fund So funds are continuing to raise capital to invest in crypto despite the bear market. I think you know this is actually the smart time to go invest. Right, you can get a company valuations at a lower value. Of course, right, you can go in and get more equity at lower price, plus two tokens at a lower price, So makes it completely makes sense.

So crypto asset manager Parafy has raised one hundred and twenty five million dollars in March, where a new venture fund. Bloomberg reported separately, Parafy has raised three hundred and twenty five million dollars for its ongoing digital asset investment strategies since the beginning of twenty twenty five. Now, one of the things I've told you guys about over the years is you want to watch what these crypto venture firms

hedge funds are doing. Where are they putting their money, And that's where you can do your research into the projects that they're doing. Because we know they buy tokens, they also invest in companies. So you want to look at the token projects you're investing in because those have the potential to do well. This is not the only factor you should look at, obviously, you want to look at who's behind the project, the tokenomics and much more. But this is one of the things I look at

when I go to invest in tokens. I look at what these big guys are doing A sixteen Z parafy and much more, Dragonfly capital and so forth. And then I looked at take my bets if I think it. You know, the project has potential and it could do well. So these are things to think about. Right. You want to watch what these big money players are doing because they look the VC capital and liquidity. That's a big factor in driving price higher. Right, So just just remember that, guys,

CFTC Crypto Task Force

All right, Final news items, CFDC chief launches Innovation task Force focus on crypto framework. So we continue to see both the SEC and CFDC uh making huge, huge grounds here with building for crypto, providing guidance, setting up advisory groups, and having the dialogue. This is all all great stuff. So the CFDC is looking to embrace innovation in the regulatory approach to crypto and blockchain with the launch of

a new Innovation task Force. According to a Tuesday notice, Chair Michael Seleake said that the task Force will work with the regulators Innovation Advisory Committee to create a framework focus on crypto, blockchain, AI and prediction markets. The effort will be led by Michael Passalaqua from Saying That right, who joined the CFTC as a senior advisor in January after working on crypto and blockchain issues and international law

firms Citson, Thatcher and Bartlette. Here's a quote. The idea behind our Innovation Advisory task Force is really to create a space where innovators and builders can come in and talk to the staff. Mike see Leg, Chair of the CFTC, toll folks at the Digital Assets Summit in New York City on Tuesday. It's not just crypto, It's going to be prediction markets, crypto and AI. We think these three

verticals are really important. So big stuff happening, folks, Very exciting, and of course we're waiting for the Clarity Act itself to pass. But the fact that the agencies are taking action, the ones who are the responsible for creating their rulemaking and giving you the details, plus making sure folks abide by the rules and laws. They are taking active steps here, so this is amazing. Folks. That's the news. Let me

know what you think. Leave your thoughts and comments below, hit the thumbsup button subscribe if you haven't as yet, please support the podcast by subscribing to my free email news that are on substack. It is one hundred percent free. Link will be in the description. Be sure to grab a copy of my book on Amazon. It's available in paperback in digital, and check out my course at mycryptocurse dot com. This is a comprehensive course that teaches you

everything you need to know about crypto. Right now, we have a sale going on. Get fifty percent off the fee by using the code bear b e a R. So it's a bear market, so we're using the code bear b e a R to get that discounted price. Guys, this is a comprehensive course that teaches you everything you need to know about crypto. It features expert commentary and much more. So check it out. Go to Mycrypto course dot com. All the links will be in the description. Folks,

Thank you so much for tuning in. I appreciate you all and I'll talk to you all later.

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