Old Men, New Money®: Bitcoin, Blockchain & Tokenization Richard Johnson on Transforming Capital Markets with Blockchain (E5)
Dec 5, 2024
In this lively discussion, Richard Johnson, CEO of Texture Capital and a former Wall Street trader, explores his pivot from traditional finance to blockchain innovations. He shares insights on the vast potential of digital securities, the hurdles of regulation, and unique applications like tokenizing racehorses and NFL player earnings. Richard emphasizes the efficiency of blockchain in secondary trading and the evolution of investor dynamics, particularly the shift towards retail participation. A fascinating dive into the future of capital markets awaits!
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Security Tokens Bridge Wall Street And Blockchain
- Richard Johnson saw security tokens as the intersection of his Wall Street experience and blockchain expertise, offering huge market potential versus crypto alone.
- He launched Texture Capital to build regulated digital securities infrastructure and became one of the early FINRA entrants.
Blockchain Solves Core Market Friction
- Tokenization can modernize legacy capital markets by reducing reconciliation and settlement friction through a shared single source of truth.
- The total addressable market for securities far exceeds crypto, so long-term opportunity is larger.
Texture Built Regulated Infrastructure Quietly
- Texture Capital positioned itself as a FINRA-member digital securities broker-dealer offering ATS secondary trading and white-label marketplace tech.
- They serve early-stage companies, funds, equity and fixed income issuers across asset classes like real estate and private equity.