Ep. 87: Interview. Real World Assets 101 with Cassidy Daly, co-founder of Centrifuge
Natasha and Deana sit down with Centrifuge co-founder Cassidy Daly to get a briefing on real world assets (RWAs) and how they are poised to change the financial industry for the better. They end the episode with draft tweets covering Boba Tea and being embarrassing online. Subscribe to the Boys Club newsletter here! Boys Club is proudly supported by Kraken. Kraken is a crypto exchange for everyone. Topics covered: Real World Assets (RWAs): Cassidy gives a primer on RWAs, emphasizing that they are tangible assets brought onto the blockchain, modernizing the financial system. Examples: Invoices, mortgages, car loans, inventory. Centrifuge's Role: Platform connecting RWAs to liquidity in decentralized finance (DeFi). Emerged from a project named Taulia, which focused on supply chain financing for small and medium-sized businesses. Tokenization: Tokenizing can provide authenticity and a track record of ownership. Not all physical objects need to be tokenized; the importance lies in the potential use cases. Benefits of Tokenizing RWAs: Disintermediation, transparency, speed, efficiency, and cost reduction. Removal of unnecessary intermediaries. Regulatory Challenges: Crypto industry dealing with existential regulatory challenges. Importance of working with regulators to ensure the existence of permissionless platforms.