Lightspeed Launching Crypto's Largest Tokenized Fund On Solana | Michael Sonnenshein
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Apr 15, 2025 Michael Sonnenshein, COO of Securitize and former CEO of Grayscale, dives into the world of tokenization and crypto's largest tokenized fund, BUIDL. He discusses the growing institutional interest in Solana and the potential for democratizing finance through tokenized investments. Topics include Ripple's significant acquisition, the integration of DeFi with traditional finance, and the future landscape of Bitcoin and tokenized assets. Sonnenshein emphasizes the need for liquidity to enhance acceptance in the crypto space.
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RWA Acronym and Early Skepticism
- Michael Sonnenshein is unsure if "RWA" is the correct acronym for tokenized real-world assets.
- He recalls his early career at Grayscale, where he was initially met with skepticism.
Target Audience and Motivation
- Tokenized assets are primarily bought by crypto-native individuals and firms.
- These buyers seek opportunities beyond buy-and-hold, like DeFi integration.
Payment Fees and Risk
- Traditional payment fees primarily reflect risk management, not outdated systems.
- Solana payments are currently cheaper because those risks haven't been fully factored in yet.