@EliBenSasson i've been working on this for years. I call them Software Defined Securities. The design space that exists in the intersection of the hardness of institutions and the hardness of blockchains. s/o to @0x_Osprey who without knowing helped me be able to explain this for the first time, and ofc @EulerLagrange who is going to make it possible 🔜
AI will hit a wall in the back office: Trust
Air France 447 didn't fall because the pilots lacked software. It fell because three iced-over pitot tubes fed the cockpit bad data. The instruments lost contact with reality, and the automation trusted the lies.
The answer was not more automation. It was better sensing: redundant, heated signals the system could trust before it acted.
Without verifiable inputs, finance is just processing fiction at machine speed.
Compliance, KYC, underwriting, market surveillance, credit risk. All still running on PDFs, screenshots, exports, and hand-assembled attestations.
So we layer agents on top:
read the PDF, click the portal, fill the form, route the exception.
It still doesn't know whether the underlying claim is true.
AI makes the cockpit faster. It does not fix the pitot tube.
The greatest lesson I have learned from @EulerLagrange is to build without cooperation assumptions.
Before I joined @OpacityNetwork, I failed miserably as a founder building tooling for on-chain private credit use cases. I assumed fund managers would see the value in transparency and adopt a new way of doing things, i was wrong.
I met @EulerLagrange at a Flashbots hacker house in SF and within 10 minutes we were talking about cooperation assumptions, at which point I realized he was on to something big. After another 20 minutes he asked me to come work for him.