WHAT IF A TOKENIZED DOLLAR could change its stripes from a tokenized bank deposit (TD) to a #stablecoin & back & forth, as it moves between holders? What if a bank could deliver wallets & custody directly into the core of the banking system, targeting not just the $291bn stablecoin market but the far bigger $5.6 trillion deposit market, while addressing banks' biggest concern that stablecoins could disintermediate their core deposits by directly connecting them to tokenized deposits? News soon.😉 @Vantage_Bank@custodiabank
It's fucking insane how many people will tell you with a straight face that the greatest living investor was a guy who stole $10 billion of customer funds and is now in federal prison
much respect to my friends caitlin long from @custodiabank and jeff sinnott from @VantageBank — there might not be many of us in this industry from wyoming, @CaitlinLong_, but those of us that are here punch out of our weight class 👊
19/ Hazel was designed by banks for banks, & I’m certain most readers of this 🧵will see it as the bridge that it is. This 🧵scratches the surface of what's special about Hazel Network, so pls read the whole whitepaper (incl disclaimers). Thx for reading! https://t.co/087gFRm9mS
18/ And it’s true–Hazel is unique. Query AI to learn how many other #stablecoins embed into smart contracts the compliance & operational controls banks need–I predict the answer is zero. Then ask how many stablecoin issuers have faced past BSA/AML consent orders, fines, etc.🤔