Antony Welfare

Digital Assets Entrepreneur | Founder @TrustCBRC | @WileyBusiness Published Author: Commercializing Blockchain | ex @Ripple, @Oracle @DXCTechnology | $ETH $XRP

[Antony Welfare @AntonyWelfare]

A few days ago I told you I was back … and here is my first returning interview with @24hrscrypto1 where we talk all things $XRP and I make a never heard before Confession about the “Bankers coin” in a sort of @Madonna #ConfessionsII way 🎉

I discuss my amazing time @ripple and how it teaches you to be lazer focus in business

And finally discuss my @TrustCBRC Use case register where CBRC 2.0 is on its way 👌

The verification and certification of Real world #Blockchain Applications is moving to the next level

Enjoy the show 😎

https://t.co/1P9pSvVwW4

[Antony Welfare @AntonyWelfare]

A few days ago I told you I was back … and here is my first returning interview with @24hrscrypto1 where we talk all things $XRP and I make a never heard before Confession about the “Bankers coin” in a sort of @Madonna #ConfessionsII way 🎉

I discuss my amazing time @ripple and how it teaches you to be lazer focus in business

And finally discuss my @TrustCBRC Use case register where CBRC 2.0 is on its way 👌

The verification and certification of Real world #Blockchain Applications is moving to the next level

Enjoy the show 😎

https://t.co/1P9pSvVwW4

[Antony Welfare @AntonyWelfare]

@24hrscrypto1 @Madonna @Ripple Thanks for hosting me on Episode 2 @24hrscrypto1 👌👍 Will definitely keep you all Posted as we get ready to launch @TrustCBRC 2.0 🚀

[Antony Welfare @AntonyWelfare]

A few days ago I told you I was back … and here is my first returning interview with @24hrscrypto1 where we talk all things $XRP and I make a never heard before Confession about the “Bankers coin” in a sort of @Madonna #ConfessionsII way 🎉

I discuss my amazing time @ripple and how it teaches you to be lazer focus in business

And finally discuss my @TrustCBRC Use case register where CBRC 2.0 is on its way 👌

The verification and certification of Real world #Blockchain Applications is moving to the next level

Enjoy the show 😎

https://t.co/1P9pSvVwW4

[Commercializing Blockchain Research Centre (CBRC) @TrustCBRC]

Great to see our CEO sharing a few updates as we progress our Use case Register to CBRC 2.0 👍

We are building the next version of the #Blockchain Use Case register after taking in the learnings from the last 18 months of the Beta version 👍

[Antony Welfare @AntonyWelfare]

@SLT589XRP @24hrscrypto1 @Madonna @Ripple You are very welcome 👌

[Antony Welfare @AntonyWelfare]

@Crypt0Senseii @24hrscrypto1 @Madonna @Ripple Much appreciated @Crypt0Senseii Lots of exciting changes coming in 2026 👍

[Antony Welfare @AntonyWelfare]

@Vet_X0 @24hrscrypto1 @Madonna @Ripple Thanks @Vet_X0 … it��s great to share some of the last few years working in the Enterprise Blockchain world … especially how my XRP world did a very positive 180 degree turn 👌

[𝟸𝟺𝙷𝚁𝚂𝙲𝚁𝚈𝙿𝚃𝙾 @24hrscrypto1]

Every month that passes, I become even more bullish on XRP. The deeper you go, the harder it is to ignore what’s happening.

I genuinely believe most people have no idea what’s being built behind the scenes.

We’re watching the foundation of the next generation of global financial infrastructure being built and we have folks running around with one man’s opinion.

My conviction in XRP has never been stronger. Just wait until utility collides with global liquidity.

[Diogo Mónica @diogomonica]

Cada dia que passa sem self driving permitido em Portugal, é mais um dia que portugueses morrem desnecessariamente.

[Antony Welfare @AntonyWelfare]

Thanks @krippenreiter …. Let the decades of testing commence 🤣🤣 🇪🇺

It’s impossible (well 99.9% certain) that the EU has no real way to implement a CBDC across all the countries and all agree to the same network and process … it likely will happen but not until they design a system that everyone wants … and that’s not even designed yet 😕

I mean … look at the border chaos 🤷‍♂️ I think that’s ten years so far and an absolute mess … I went through the border back into the EU Tuesday and they wanted all my details …. Which they already have on my Residence card and passport 🤯

Unfortunately for the European citizens “they” (the unelected bureaucrats in the European Commission) passed the chat control rules yesterday… that’s a step on the way to control and of course a CBDC (Digital Euro) is a great way to control what the citizens spend 😩 It’s completely non European what is happening… but that’s what happens when you live in a “Democracy” 🤯

[Antony Welfare @AntonyWelfare]

Why do we still have #Bitcoin network? This is my first $BTC transaction in years and I remember why … 3 hours since I sent it and it’s still not settled! 🤯 I just don’t get why people keep using Bitcoin when there are plenty of payment networks that settle in less than 3 seconds .. $XRP for example 💪 Anyway .. let’s believe in #DigitalGold and hope for the best 🤓

[Bitmine (NYSE-BMNR) $ETH @BitMNR]

🧵
Treasury Sec Bessent @SecScottBessent validating 'total addressable market' (TAM) of crypto exponentially higher than it was a few years ago.

[Routescan @routescan_io]

1/ Starting July 1, Etherscan's free API returns 1,000 records per request instead of 10,000, and moves Get-Internal-Transactions by-block-range to paid plans.

Same data now takes ~10× more calls, and your free quota draining 10× faster.

Routescan keeps your integration running, without the tax.

A keyless, drop-in, Etherscan-compatible API across every chain, from one endpoint.🧵👇

[Red Arrows @rafredarrows]

Fly with the Red Arrows above New York and the Hudson River on July 4 - spot the Queen Mary 2 liner among the ships below.

#RedArrows | #RAF | #NewYork | #July4

[The White House @WhiteHouse]

250 years ago, a bold idea changed the course of history. Today we celebrate the people, principles, and enduring promise of the United States of America.

Happy 4th of July from the White House. 🇺🇸

[Antony Welfare @AntonyWelfare]

Happy 250th 4th July Celebration 🎉 to all my American friends and my friends who love America 🇺🇸

I was born in the same year … albeit 200 years later 🤓 I have loved and respected America 🇺🇸 the majority of my life and learnt The Star-Spangled Banner words when I was only a teen 👌

Have an awesome celebration weekend and continue to be proud of your amazing country and people 🙏 🇺🇸

[The Royal Family @RoyalFamily]

🇺🇸 A message from His Majesty The King to President Trump and the American people, as they mark 250 years of the United States Declaration of Independence.

To read His Majesty’s message in full, visit https://t.co/fKZVORz7rk.

[Lorenzo Valente @LorenzoARK]

Every year we get our consortium style initiative around a stablecoin, we have seen this with Diem, Global dollar and now Open USD. While the set of players here is obviously potent, I remain highly skeptical any of these initiatives can hit scale.

A few thoughts on OpenUSD:

1. Liquidity and the cold-start problem. USDC and USDT have massive network effects across exchanges, payment processors, and brokers. This is always repeated but it's true, there are no BTC/sofiUSD pairs to trade on any of these exchanges or markets. These are not stableocin market makers and participants are willing to hold in size, as you can’t really use them anywhere.
The fair counter is that crypto markets will be far smaller than remittances or equities/bonds. Probably true, I suspect in the medium term, but those markets are still converging on the same stablecoins. Hyperliquid just struck a massive deal with USDC/Coinbase. Every tokenization initiative so far is built around the incumbents too.

2. A consortium of 500 rivals has no precedent for working. The pace of decision-making across 500 competitors is going to be glacial. Not everyone gets a board seat at Open Standard I imagine, so what happens when decisions cut against some of the players? Circle and Tether ship whatever they want, whenever they want, with zero commitment to anyone.

3. Regulatory and antitrust risk at scale. Circle and Tether are willing to absorb enormous pressure, they have being doing so for years. They hold hundreds of licenses they can use to arbitrage markets, Yes GENIUS act gave a lot of breathing room and clarity, but oversees, this is not the same story. The moment this gets hard under regulatory pressure, I think a lot of these partners just walk away. And a bloc of the largest banks and card networks jointly issuing money is an obvious antitrust target.

4. The "socialist" economics starve the issuer. Passing reserve revenue back to partners sounds great in practice, but what does Open Standard actually operate on? Little to no retained capital. People forget Circle doesn't just have marketplace/exchange partnerships; it funds a whole web of rebates across on/off ramps, stablecoin settlement, OTC desks, and more, with each deal being somewhat bespoke depending not he partner. Who funds that at Open Standard? Who decides which deals, on what terms, especially when the counterparty is a rival of an existing member?
Circle GAAP Opex for 2025 were 900M USD, if you strip out one time cost and IPO related cost, its adjusted OPEX is closer to 500M annually. Let’s say open Standard gets 25 bips, which is what other consortium did, At 10B of supply, open standard is making 25M a year… You don’t fund much with that…. You need to become huge very quickly.

5. The announcement is basically a giant LOI. Read the quotes: BlackRock calls it "a constructive step," BNY "looks forward to exploring ways to support," others say it's "interesting." Meanwhile the partners are backing rivals: Stripe owns Bridge and has its own stack, Coinbase is wedded to USDC, banks are building their own deposit tokens, and the card networks support every token out there. They'll hedge across all of them. Distribution only matters if it's exclusive — and it clearly won't be.

6. The "mint/redeem fees are a problem" claim is wrong. In practice every large institution minting and redeeming through Circle and Tether already gets big rebates. The real cost of moving money is FX, not mint/redeem and there's no moat there, because anyone can just match free mint/redeem.
All in all: one to monitor, but I'm deeply skeptical that an organization that looks like a DAO of 500 companies can move fast enough to matter long term. Who decides go-to-market? Capital allocation? Anything?

Ultimately this reminds me of the DAO experiment. The pitch was identical: no single owner, "neutral" governance, aligned incentives, decisions made collectively for the good of the network. In practice DAOs almost universally failed at the thing that actually matters: shipping. Governance turned into endless forum debates and token-weighted voting where nothing decisive got done, capital sat idle because no one could agree how to deploy it, and the projects that won were the ones with a clear owner willing to move fast and take risk. "Owned by everyone" almost always means accountable to no one. Open Standard is a DAO of competitors that are not really committed to anything, and I'd bet on the two operators who can ship unilaterally over a committee that has to ask 500 rivals for permission.

[Antony Welfare @AntonyWelfare]

@JohnEDeaton1 Massive congratulations 🥂 to you both 🎉❤️