⬡ data spinner ⬡ silo disrepectoor ⬡ stakeholder in the backbone of the Global Financial System ⬡ p̵l̵a̵t̵f̵o̵r̵m̵ Protocol Economy explainoor ⬡
Joined September 2016
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ive got people on the timeline telling me how arrogant i am
while ive got @TeamCucumber777 in dm's telling me i stink
i swear i was sane and autism free before LINK twitter
a bank issued report whose target is the C Suite of other banks and institutions is full of fluff and lacks technical specificity?
lesson in there
$LINK
This is so frustrating. I keep trying to engage with established commentators making bold statements on twitter about how "Swift didnt think about the liquidity problem" or "DTCC doesnt know what theyre doing because Canton is ONE of the chains they will issue assets on" but all i get - if im lucky to get a reply at all - is condescension.
Everyone has a hot take. And most have spent the past 10 years laughing at insitutions first attempts at enterprise blockchain instead of watching what theyre doing next.
Next is going live now. Regardless of what anyone has to say. They should have been part of the TradFI conversations - instead of hanging at the cool kid blockchain conferences.
xitter.cf/nullpackets/status/187…
"If you think about transferring value, token-based payments will essentially eliminate the need for collateral in, say, nostro/vostro accounts that we see in correspondent banking." - @AtlantaFed FMC 2023
Anyone conflating tokenization and stablecoins with bridge currencies and nostro/vostro accounts either doesn't understand what theyre talking about or has ulterior motives to spread misinformation.
This isn't about the payment rail. This is about the Unified Golden Record.
$LINK $xrp
Swift and DTCC are literally Jamie's bagmen. Its their job to reduce risk and market inefficiencies so they can kick up as much as possible to the boss.
Talking heads are wrong on the technology. Theyre wrong on risk management.
They're commenting from the outside looking in.
Theyre going lose their minds when it works out.
The most fundamental change in how tokenization of stocks - one step on the way to the tokenization of all forms of value - will change how capital markets work is the automation of collateral management - enabling 24/7/365 markets globally.
As the DTCC put it "once you tokenize and automate these (collateral) markets - everything else follows".
"Any asset, […] any jurisdiction, with any custodial system, any time of day is now mobile in terms of collateral. This truly changes the game.”
- Dan Doney, CTO of @The_DTCC
i then I said "when @eric_sr_ sits around the house - he really sits AROUND the house"