Building Products to Ease Wall Street into Crypto

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The lack of infrastructure and solutions for Wall Street to ease into crypto creates a call for startups to develop products. Key areas of focus for products include improving identity solutions for transactions to enhance know your customer and anti-money laundering processes, compliance monitoring of wallets and understanding the source of coins, and inter-operable wallet technology for consolidated portfolio views across digital assets. With traditional assets likely to remain in portfolios for decades, there is a need to build products that can administer, measure risk in, and inter-operate across new and traditional assets.

✨ DEBRIEF | Ryan and David unpacking the episode: https://bankless.com/debrief-franklin-templeton

Franklin Templeton Has Entered the Chat. More broadly TradFi has entered the chat. Franklin Templeton is a TradFi company with $1.5 trillion in assets. We brought on their SVP Sandy Kaul, who is a turbo crypto bull.

What’s Franklin Templeton? It’s an investment management company (think mutual funds, ETFs) that manages over $1.5 Trillion in assets. This is what we in crypto affectionately refer to as TradFi and they recently came out with a BTC ETF and have big plans for future tokenization. They also seem to be incredibly bullish on crypto and this new intersection between crypto and TradFi. This is exactly what we wanted to explore with Sandy today.

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------ TIMESTAMPS

0:00 Intro 7:18 Explaining Crypto to TradFi 13:45 Why TradFi Waited 21:58 Explaining Tokens & Franklin Templeton’s Future Use 31:55 The Chameleon Asset 39:30 What’s Preventing Franklin Templeton? 46:27 Advice For Founders 48:37 Regulation Vibe Check 54:30 Countering Crypto Critiques 1:00:00 BTC & ETH ETF 1:12:16 Under or Over-Rated 1:15:00 Sandy’s Crypto Story 1:17:30 Franklin Templeton’s Twitter 1:19:20 Closing & Disclosures

------ RESOURCES

Franklin Templeton’s Twitter https://twitter.com/FTI_US

Sandy Kaul https://www.linkedin.com/in/sandy-kaul-8571877/

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures