The Intersection of Traditional Finance and Cryptocurrency

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The concern in the cryptocurrency community is that traditional finance will co-opt the open financial system they are striving for. This concern has brought critical issues to light, such as the right to privacy over personal data and financial transactions, which has different implications in various political and financial regimes. The dialogue between traditional finance and the crypto domain may lead to new solutions that compromise on decentralized traditional finance rules and the new crypto domain. The speaker suggests a potential solution that involves attaching identity to a transaction for a moment in time, after which the identity disappears for maintaining privacy. The ability to control one's own data through blockchain technology is seen as a significant social movement, which will lead to changes in data privacy and usage in the future. However, the speaker acknowledges the need for a tough conversation and dialogue between the two domains to find creative solutions that address the concerns of the crypto community and enable traditional finance to operate effectively. The hope is to find a middle ground that preserves civil liberties while meeting regulatory requirements.

✨ 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.

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