ETFs, but onchain — and now on PancakeSwap. 🥞
Decentralized Token Funds (DTFs) are here: a token that holds a basket of tokenized stocks, tradable 24/7.
First on the menu, 5 DTFs from @reserveprotocol that put the entire AI supply chain onchain, live on @BNBCHAIN 👇
‣ $BUILDOUT — AI infrastructure
‣ $POWER — the electricity behind AI
‣ $PHOTON — AI photonics
‣ $NEOCLOUD — cloud compute
‣ $ROBOTS — robotics
Powered by @OndoFinance.
And so the next stage begins.
For years now we've been searching. Searching for which type of DTF would catch on first and turn "DTF" from just something RSR holders say to something you hear every day across financial news.
We haven't found it yet. Or... maybe now we have!
Today we release five thematic AI index DTFs, each representing a slice of the AI supply chain, backed by tokenized stocks from Ondo Global Markets.
We're launching these products at a very special moment in time. The world is on track to spend an estimated $7.5 trillion on the AI infrastructure buildout by 2031, markets for AI supply chain companies are booming, and we have an interconnected world of online investors hungry to own their share of what's next. Until a few days ago, that would only have been possible through TradFi platforms, but @OndoFinance stepped up to tokenize everything across the category, so naturally @reserveprotocol stepped up to index it.
The question I keep asking myself is: are we already at the top? How are these categories going to perform?
Of course it's anyone's guess and this is not investment advice, but I keep coming back to my long-term view on AI:
I think most people are very far from understanding how impactful AI is going to be to our world over the course of our lifetimes, and if that's correct, the market is nowhere near pricing it in, broadly speaking.
Analysts project increasing token spend in the coming few years. Meanwhile, we believers project solving biology and living to be 1,000.
(Or majorly messing things up along the way. Making sure things don't go awry is a key challenge for our society in the next few decades. This product does nothing to address that bigger issue, it just helps ordinary people around the world own their share of the stack in the success case. Your portfolio doesn't matter much in worlds where everything's f*cked.)
This is not to say any given company is undervalued; it's easy to imagine the category being massively dominant over the coming decades while many individual companies go bust or end up irrelevant.
But isn't that the point of an index?
For perspective, precisely a year ago, we had 0 customers, 0 revenue, and 0 active customers.
On October 21st, we started our acquisition efforts with a 2-week plan called the snowball sprint. It was called the snowball because it was meant to be the initial snowball down a hill that would turn into an avalanche over time.
The goal was a collective effort for each team member to talk to friends, use social media, or any outreach effort to reach our first 100 users.
Today, we have 120,000 fully KYC customers, 17,700 K monthly active customers worldwide, almost 3M ARR, 7M on AUC, and over 20M monthly volume. This is not a crypto focus but real-world value for those the financial system has left behind.
This is @Uglycash, a @reserveprotocol project.
UGLYCASH is all about AUTHENTICITY.
The internet is filling up with fake people, fake images, fake everything. But our brains are wired to know what’s real and what’s not. You can throw the word around, pose for the photos, write the essays, even copy the style; but if it’s not truly you, people feel it, and it fails that subconscious test.
That’s why authenticity can’t be faked.
Think of Nolan. He could take the easy route with CGI, but instead he builds real sets and blows up real planes. People praise him for it. Why? Because it feels real.
That’s how I see UGLYCASH. Not some corporate “value,” but who we are. A team of artists, filmmakers, photographers, outsiders, people who left everything behind to build something new. Earned, not granted.
We don’t follow. We create. We don’t fake. We’re real.
UGLYCASH is authentic because of us. And that’s what the world needs now more than ever.
I’m really excited to introduce our new product: https://t.co/GoTTVqvgcb ~ A financial center designed for Latinos from all over the American continent with a focus on those living in the US.
Ugly Cash (@verygoodbanking) is here to connect all of the Americas, offering banking to U.S. customers, access to a USD balance with a card to customers in Latin America, and allowing the movement of money between them at no cost.
Starting today, we welcome you to the Early Access of @verygoodbanking
In this stage, we will have limited access as we phase in full app features.
Keep an eye out – Ugly Cash will be gradually making its way into the App Store and Google Play, becoming available in the next few days.
arrechísimo!!! vamos!!!
I am proud of this great team. An extraordinary effort is been made by a group of people that have decided to come together to rebuild how the financial structure works beyond the imaginary lines that humanity have created. We are doing it. 💸
@holareserve@reserveprotocol
La diferencia de esta generación joven de esta época actual con las las épocas anteriores, es su capacidad de poder coordinarse para lograr un objetivo. En ninguna otra época ha tenido tantas herramientas. El resultado es la nueva realidad que estamos construyendo
22222444444/77777777!!!!! 👾🤠😎😬😅🤩👏💪🫂
Our operations, customer support and compliance teams and our independent payment processors have put in A LOT of work to make this happen. Go team!!!