Lesley Chavkin

Policy and fintech-focused investor at Ribbit Capital and former head of global policy at Paxos, specializing in regulation of crypto, stablecoins, and tokenized finance.

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Nov 24, 2025 • 48min

Banks Are All in on Tokenized Deposits

In this engaging discussion, Sam McIngvale, Head of Product at OP Labs, and Lesley Chavkin, a policy and fintech expert, dive into the evolving landscape of tokenized deposits. They explore how major banks like JPMorgan and Alibaba are leveraging blockchain to offer tokenized financial products. The duo elaborates on the regulatory complexities surrounding DeFi, the transparency versus privacy debate for on-chain banking, and the potential implications of these innovations on user experience and institutional finance.

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