Reimagining Onchain Investments with @InvnexCo

Recorded: March 21, 2025 Duration: 0:55:03
Space Recording

Short Summary

InvenEx is set to revolutionize the DeFi landscape with its new protocol integrating real-world assets, partnerships with major financial players, and the launch of a yield-bearing stablecoin, USYT, aimed at democratizing investment opportunities and enhancing liquidity in the crypto market.

Full Transcription

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Mae'r cyfle yn ystod y cyfle. Mae'r cyfle yn ystod y cyfle. Hey, guys, can you hear me? . GM folks, let's get started.
We have a very special space today with NVENEX.
I'm really excited as they are protocol that just passed community ecosystem governance
and are bringing RWAs to the Metis ecosystem.
I believe RWAs are going to lead to mass adoption of blockchain and crypto technology.
And I believe it's the greatest use case for our industry and what we're building as a
technology. Although there's so many use cases, I believe RWAs is where the global financial system
is going to really thrive and enhance and create more universal accessibility for everyday
people to access financial services that right now aren't very
accessible for most people across the world. So I'm excited to chat and learn
more about InvenEx, but just a quick intro as more folks usually come in in
the next few minutes we'll just start getting started with our agenda because
we have a lot to talk about
and I want to make sure we get through all of it.
So I'm Anthony with MEDIS as usual having our spaces and we've had a few spaces this
We didn't have spaces for a few weeks.
We had East Denver and we've been kind of all over the place but now we're getting back
into things. And yeah, and so today, like I said, I'm excited.
And I believe we have Shafik here
who's representing InvenEx,
but I'll pass it over to the InvenEx representative
who's here on the stage with us to introduce yourself,
your name, your role at InvenEx,
and just let us know know how long have you been
in crypto what did you do previously to to to crypto and what brought you here
hey Anthony thank you very much for having me I don't know if I'm audible guys
can you hear me yeah you're you're good Okay, awesome. Awesome
So my name is Shafiq Amiri. I'm
CEO and founder of infinite X
Just to give you a bit of background
About the crypto side of things and then I'll move onwards to the digital asset side as well
There is a bit of a distinct difference
between them. But I've been in crypto since 2015, simultaneously as a commodity trader
and FX trader. And ever since then, I got fascinated with the markets, you know, about the new tech that was
coming in, coming out and slowly moved away from crypto as just an asset into the underlying technology, which is blockchain. That really piqued my interest.
So around 2018, 2019, around 2018, we started doing research.
And this was investment research that we would publish
specifically for some of our investment clients. And then moving onwards,
we did that for a couple of years. And then moving onwards around 2020, we started a company,
which is sort of a boutique slash strategic advisory company, where we provided strategic
communication, government relations, but most importantly,
blockchain technology services, right?
Which everything culminated into us working from crypto and then to the other side, which
is to some people, they're considered central bank digital currency.
And then back to crypto again, um, today with, with InvenEx.
I said, it's, it's been a bit of a, uh, an exciting journey and, and, and I'm
super delighted to, to be having this conversation with you today, Anthony.
Thank you for the background.
That's pretty interesting. And yeah, ditto on the excitement.
And I'm glad you all are building what you're building and bringing it to Metis. And so,
yeah, thanks again for providing that background. It's always interesting to know like, what
brought builders to Web3, you know, and like, what are the benefits that you see from blockchain
that you see benefiting
your protocol and so uh yeah and i can't wait to continue learning more as we go through our time
here together so let's get right into it uh what is in the next can you give us a just a summary
of what you're building and what you're going to be providing through your protocol? In a nutshell, Invenex is the next financial market
infrastructure, meaning that we take the beauty of Web3
technology, blockchain, and then mix that with the utility and then the familiarity of web
2 technology right and is specifically applied this in the capital market side
so money and money markets in venex to that and what we've done with InvenEx is that we've built our primary market being, you might
be familiar with the term IPO or initial public offering, and then in the crypto world, ICO,
initial coin offering. What the InvenEx primary market is, is that it takes on a different look towards alternative
asset classes, and this would be considered private equity, private credit, hedge funds,
all the goodies that, you know, usually it would require a quarter million dollar as
a minimum for you to access.
So we've built our primary market to radically reduce that access
value where people with as low as $500 can simultaneously invest in asset classes
that some of the biggest institutional investors would invest in.
But that, it doesn't just stop there. So, primary markets is one part of the equation. On the other
side, you need liquidity. So, you've invested great, but should you need to go out, what are
you going to do then? So So we've built our secondary market,
which is our built-in exchange.
And this exchange creates a pathway to early liquidity.
So traditionally, if you're invested in private equity,
whether it's a private equity fund or a private equity asset,
such as a company share, a private company share,
usually you would be waiting somewhere around seven to ten years to realize your gains or your
returns. Now that's a long time, right? So with the InvenEx secondary market or the InvenEx exchange as we call it. And it also is the X part of our name.
What we've done is create a pathway to early liquidity
where you get on demand fulfillment of your position.
So you don't have to wait seven to 10 years.
You just, all you have to do is click a button.
Um, and then to really tie everything together, um, at the core, we're building
usit or USYT, United States yield token.
This is our yield bidding stable token or stable coin that really drives
everything, uh, within our ecosystem.
So whether it's investments or payments or transfer.
So these are the three pillars of what we're doing at InvenEx.
Really interesting.
And I like what you're doing.
So you're basically taking long-term yield products and making them liquid immediately for those
investors who are, I guess, investing in these long-term yield products, in these private
equities and things like that, where they won't see a return for years.
They can already immediately make liquid through InvenEx.
I think that perfectly encapsulates the power of Web3 and blockchain technology and crypto
is how we're able, with products like yours, able to bring liquidity into ecosystems that aren't liquid.
You can even think about real estate and how fractionalizing real estate is one, making
real estate investing accessible to more people and also making it liquid.
So if you have tokens that represent parts of a real estate,
of a piece of real estate, you can trade those tokens and use them
and you're making an investment or an asset class that wasn't previously liquid,
liquid now until it sounds like exactly what you're doing with these yield products that aren't necessarily liquid.
They become liquid when you bring them into crypto or the Web3 space.
So yeah, thanks for summing that up.
I wanted to chat a little bit more or for you to share a little bit more about the US
yield token.
I believe it was called the US yield token, I believe is what it was called, the USYT.
I know there's like some, there's some returns or yield that you have shared
that people can gain from holding the token and all that.
And there might be more details about the token itself.
I just wanted you to share a little bit more about USYT and the role it plays
within your ecosystem.
Of course, and just to echo your point earlier,
that's exactly what we're trying to do.
It's, you know, before joining this space,
I was actually in a meeting
with one of the leading property developers here in
Azerbaijan. So I had to run back here, but that is the problem that they're seeing. It's
liquidity and realizing those returns a bit more earlier and returns that are a bit more that has sort of a uncorrelated exposure.
So yeah, just wanted to point that across.
As far as USYT goes, the idea came to us
when we were playing around
with some of the other stablecoins.
You know, the stablecoin market is just about 220 billion, I think.
And the underlying asset, which should be, in my opinion, should be,
if it's US dollar denominated, should be cash and cash equivalent, so meaning treasuries.
But the problem is majority of the stablecoin market cap or the companies that operate it,
they do not share that yield.
So they earn interest on the holders holding the token,
but the holders don't get anything in return.
Okay, ease of transfer, lowered cost of transaction,
that's great.
But this at a bare minimum,
it's about $8 billion a year, right?
That's the yield that's locked for the holders, not locked for the issuers.
So we want to change that. So USYT is a very low risk and relatively can be considered risk-free depending on how you view US government securities.
But what we've done is that now we share that yield
with the token holder.
And this yield can be four to 5%
and considered sustainable and secure,
meaning it's backed by the credibility
and the strength of the US government, right?
Which sort of any cash that you hold in your pocket would be.
So that is what we're trying to do to give,
to change the narrative and give the returns back to the to the to the holder and
The targets that we've done is about four to five percent
While retaining all the benefits that you would have from existing stable coin
Meaning, okay, ease of transferability, instant transactions, but now with an added layer
Meaning okay ease of ease of transfer ability instant transactions
of receiving that yield in your wallet on demand every single day, and it's liquid.
So there's no term locks, just hold on and accrue the interest on your whole leg.
That's the ethos of USID.
That's great.
And I love that you are expanding the,
I guess the yield opportunities from,
parking the money in US treasuries, returning that yield back to the users themselves as
opposed to the major stablecoins that are out there who pocket the yield.
And the users of the stablecoins themselves don't really see any of that.
They just have a stable token.
And I just saw, it's been going around that Tether has become the world's
seventh largest US Treasury buyer, outpacing several countries, including Canada and Mexico.
So that's yield that they're going to be getting, but the buyers and users of Tether most likely
will not see that yield because there's no system.
That's not what they're doing as opposed to what you all are
expanding that accessibility from those yields to the users themselves. So I
think that's great and I think that's what is really special about
Web3 but it's really up to the builders themselves to make
those decisions and allow the protocols to do those type of things.
And I think the more and more we see this people-centered approach where we're really
distributing the yields and the access to these capital markets that are usually inaccessible
to regular people.
I think the more and more we do things like this, the more
and more attractive Web3 crypto blockchain becomes to everybody, including everyday people, and that's
where we start seeing mass adoption. So thanks for explaining that. So can you explain who, you know,
we were kind of talking about it already, who can join InvenEx, who can purchase USYT, and who can use the protocol and be part of
these investments and assets that you all are going to be offering?
We'd like to think that, you know, every the protocol is open for everyone to completely take advantage of.
That is our idea.
But there are some practical limitations, practical limitations in terms of compliance and regulatory frameworks.
To that extent, obviously, some of the residents of countries that are under sanction, we can't
do business with them and can't onboard them.
But the vast majority of people who are in the space, who they can mint or redeem the token, that's different.
And they'll have to pass through some checks, KYC checks.
But all in all, it is considered a very FinTech-like process where we're not...
The experience is just like anything that they've dealt with before, right?
And this is more so to keep things safe and secure
and really deliver on an experience that is beneficial,
not just for us, not to the holder,
but to the ecosystem as a whole,
considering some of the exploits
that have been happening recently.
I think credibility needs to be brought in place
and sometimes to have that credibility
You just need to invest a little bit more in precaution precautionary measures
everyone can
the protocol and
Take part in in some of the offerings,
which are up to 26, 27% APY
and really take complete,
ride the complete potential of InvenEx.
That's what we really want to strive towards
and experience that is really beneficial.
Yeah, definitely those yields are pretty attractive that you just stated and I think
that's the beauty of what you're building and I know the yield is sustainable because the investments are going
to be you know stable and like you said earlier on how depending on how you consider
US Treasuries and things of that nature how secure you measure that yourself but it's quite stable as you can get and that's what
that's what the power of I that's the power I see in RWAs bringing you know
traditional assets on chain is it's bringing bringing liquidity it's
bringing stability it's bringing sustainability it's bringing things that
crypto is still struggling with right now as a nascent industry,
but once we start bringing real world assets on chain,
it's going to change a lot of things.
The industry will likely become much less volatile,
will have more stability
and will have more access to liquidity
and that'll benefit every single protocol and project
across the entire industry,
no matter what chain you're on or what you're building because once there's liquidity in the
market projects can continue building continue working products can continue
distributing sustainable yield to the users and you just keep coming back and
you just stick around unlike right now we see this this influx of users in and out, and we see all these rotators,
this rotation of liquidity, and people just kind of extracting from each Ponzi scheme
that we can get into, which has been the story of this cycle so far.
But that's why I can't wait to really see the RWA sector really take off with products
like InvenEx.
And I'm excited that you all are coming to Metis.
I really want to see RWA's take off in our ecosystem,
because I think it's really important for us moving forward
as a chain and just as an industry.
But so I wanted to touch on this a little bit is compliance.
So I know what you're building, there's a lot of compliance obstacles you probably have
to go through and you have things like in the EU with the MICA regulations, which can,
I guess depending on how you look at that can be suffocating but also presents a
At least at least a clear framework on what you can and cannot do in that region of the world
You know you have the US who just last year everyone nobody was
Building or wanted to build anything in the US because they're afraid now. It's the total opposite
they're afraid. Now it's the total opposite, but there still isn't a clear regulation framework
But there still isn't a clear
or compliance framework in the US, but that should probably be coming in the next couple
years or hopefully sooner. But just, I'm just laying out the context, but I just wanted
to throw back to you, like how does compliance look for your end on the products that you're
delivering? And I know you said, you know, basically you would like to think it's available
to everyone across the world
Just accept those countries who are sanctioned
But how is it looking so far in terms of you know, all the legal stuff and all the compliance issues across the world. I
Think you know in in in every single issue there's
You know opportunities and challenges right and? And compliance is almost the same.
How we are looking at structuring everything that we're doing is obviously too.
And this follows up from our experience in government relations
and just strategic advisory.
Most of the time, especially in novel industries,
much like Web3, there is a lack of clear cut regulations.
And Mika being one of the most comprehensive ones that have
come out yet. What we would like to do is that we come in and we try to have our opinions
and our thoughts heard by the regulators and that really creates an operator first
or gives an indication of an operator first approach
that the regulators can take.
Of course, whether bureaucrats listen to us,
that's completely different.
You know, policymakers listening to us,
that's a completely different subject.
But how we've taken our approach is caution,
but being opportunistic.
Meaning to the best extent possible,
we are adhering to best practices,
whether that's AML, anti-money laundering tracking,
KYC or KYB, CFT tracking. These are some of the things that
we've from the very get-go have looked into and really want to pursue because Sooner or later, this industry will be solidified and be a standard part of what's going on
in the traditional or let's say the broader capital market ecosystem.
And we want to be on the right side, right?
So in terms of compliance, again, there might be certain things that users might see as
a bit of a, I wouldn't say headache, but just adds in another step towards their interaction with
InvenEx. But we've really worked on creating a really nice and intuitive experience.
And if there are a few information
that we might ask for during onboarding,
it's just for the better of the industry
to make sure we can do our job best
and how we can keep assets, whether on- or off chain, a bit more safer. So
yeah, that is our approach on this specific topic.
For sure. Thanks for clarifying that. And yeah, I know there's there's like you said there's there's different
challenges and benefits to every sector that is going through this process right now in such a
nascent industry where clarity around regulations is still still needs to be had around the world but
I see a lot of opportunity ahead and I think I think I think like as long as you keep building keep the heads down and just don't don't break any
Rules that are in place right now. I think everything would be good and there'll be a lot of clarity globally
Sooner rather than later, especially as the US is now fully behind the crypto
Everyone's gonna try to you know
Make sure that they're they're on the bandwagon too and making sure everything's good, cut and clear for builders so they can bring them into
their countries because everybody's going to be racing to bring
crypto developers and builders and protocols into their own nations and
stuff like that. But can you walk me through and walk us all here through
what it looks like for a user
participating in InvenEx? What's that going to look like? What can I do from step one to
step A to step Z? What does it look like? How do I get started and what is the end result?
Absolutely. So again, to really reiterate on this, you know, you jump on InvenEx,
you look at how you're feeling that day or how, you know,
how you'd want to structure your portfolio.
And maybe today you want to allocate something in fixed income,
or maybe you're feeling a bit more opportunistic
and want to put your money in a private equity fund.
So you select the opportunity or the offering that you're looking for,
and then you input the amount that you want to invest in, and basically
you submit that interest, right?
And that's about it.
You know, obviously on the back end, we do a bit of an accounting, and then we have to
reconcile everything.
But the user experience here really is that seamless,
where they look at what they want and they receive it,
you know, at that point,
they receive the tokens that represent their interest
in a specific asset,
whether it's a corporate bond out of an emerging market
or a sovereign bond out of North America, or whether it's a private
credit fund that invests in the TMT sector, right?
We provide all the information that is necessary and that's beneficial for the user to make
a decision with.
And based on that, they make that decision.
We try to keep it as,
we try to keep the clicks to a minimum
where from A to Z isn't necessarily 26 steps.
It's just probably A to D or A to E
in five to six steps you can start allocating
your idle cash treasury in asset classes that you more than likely previously didn't have access to.
So it's a very intuitive and very seamless workflow that we've built.
very seamless workflow that we've built.
Fascinating.
So yeah, I can't wait to use it
and I can't wait to gain my own access
into investment products that I probably usually,
I really don't have access to at the moment.
So yeah, the other thing I wanted to mention,
you know, talking about the I wanted to mention,
talking about the user journey, basically, when we talk about user journeys,
we also have to talk about security.
So what kind of security measures
are you using or going to use for your protocol
and to make sure that the assets
that people are
investing in are protected and that their capital is protected and
Yeah, how does that all work? And how does the custody work of?
What of the of whatever you have on your side?
Like how is it all protected and how?
Strong is the security methods that you're using and which methods are you using
to make sure everything's protected?
Absolutely.
So what we're doing is sort of a multifaceted approach,
we do trust, we're trying to keep everything on chain,
but just for an ease of mind.
And this is because we also operate and sort of collaborate with very traditional businesses.
What we do is the on-chain transactions that are happening, that's there.
But on the side, we also record the transactions on a very controlled ledger
that records ownership from wallet to wallet.
So even in the case of an exploit,
we are able to, in a very unlikely case of an exploit,
we're able to isolate the tokens affected
and then the underlying assets that are linked to that specific token.
That's one thing. But in terms of custody, all the assets are kept with a qualified custodian,
so a third party. That is not part of our under our control,
but under our administration.
And at the same time,
we have a bankruptcy remote structure, right?
Meaning again, in a very unlikely situation
where our operating, the Invenex operating company
goes bankrupt or faces financial challenges,
that does not affect users' fund.
And that's separate.
We can't say the same for the majority
of the stablecoin market,
where the stable coin or the token is issued by the operating
company. If there's something to happen to the operating company, that affects the token
price. We saw what happened with the collapse of that bank and how it affected the token prices.
So we've kept this from the very get-go to have a bankruptcy remote structure,
where what happens within the InvenEx operating company does not affect the underlying assets
or the tokens that the user would hold.
Great, so that's good to hear. And even about the protection of the assets, not just technically but also financially the assets seem quite protected. Using even measures that other
that even using even measures that other stable coin offerings aren't
particularly using to protect their own assets and liquidations and things like
that. So staying on this topic of user journey are there fees for investors and
is there a minimum commitment for investing in funds?
So there are fees involved, but any fee that the user would pay will obviously be shown in a very transparent manner.
And that's one of the problems of private market investing that most of the time
there are hidden fees that keeps on adding up and that eats into the yield. But what we've done is
we have a very transparent fee structure where before any transaction
we have a very transparent fee structure where before any transaction is finalized,
the user knows exactly what they're paying for.
So, yeah, there are fees involved.
And what was the second part of the question?
Is there a minimum commitment for investors?
There is and there isn't right if if we were to compare
Let's say our private market offering
to how it is traditionally right where minimum commitments range anywhere between a
100,000 to 55 million or even $25 million. And at InvenEx, if you
want to invest, there is a minimum investment of $500. So can that be considered a viable minimum?
Well, that's up to the user to decide. But then if you want to pick an asset up from the secondary market,
after the primary offering has concluded, then you can, there,
there are no minimum investments.
You can, you can take up a, um, an asset, you know, at a dollar a piece or, or the
lowest, uh, denomination of that specific token, if it is a cent, then, you know, at a dollar a piece or the lowest denomination
of that specific token, if it is a cent,
then that would be considered your minimum investment.
So there are no minimum investments
on our secondary market, on our exchange,
but if you want to take part in the primary market,
there is, and that's about $500 at this point.
Cool, cool, thanks for that information. there is and that's about $500 at this point.
Cool. Thanks for that information. I think details like that are important for users to know,
especially when they're entering a product that they want to use.
Thanks for clarifying that.
Another question I had that I think was interesting that I actually
found on your page is how
are investments selected? Can you walk us through how the investments are selected on your end?
So we are trying to, we have a very robust origination strategy. Basically what that means is that we have a stringent due diligence policy where we
look at who the team is, the external, obviously, asset manager or issuer, who the team is,
what is their track record, what has been their performance, what are they serving, right? And based on that,
we make a decision if it falls within our sort of risk assessment that this is an asset class that
would be of interest to our users. We make an allocation for that asset, offer it on the platform. So that's usually how we look at it.
And obviously, the yield that the asset would offer is again a very important and significant
part of our selection process. What we want to do is select asset classes that has the highest yield potential with the lowest
risk profile. So based on that, we usually either do private equity, asset classes that fall under private equity, so either direct or
private company share, or fixed income such as a bond, commercial paper, which would generate
you a fixed yield on a specific timeline. So those are pretty come pretty safe investments and
stable yield that you're going after which I think you know is a benefit. It's
a net positive for especially being in the crypto world where people I think
were so used to these very high but very unsustainable
yields and you know you might not and a lot of times it's just tokens just refurbishing
themselves and you know and it's not sustainable or it doesn't actually provide real value
and so I think what this offers is sustainable real value yield. So I think what you just described is good for users who are coming into Boxchain, especially
for people who are coming in for the first time, or maybe are coming in from the TradFi
world and into the DeFi world.
And they can see that they can participate in Tritify instruments
but with the security and the accessibility and the low cost of
DeFi and Web3 and so I love that that's being offered through your program and through your protocol and
I just had a couple more questions
and I think we've gone through a lot and you've explained
a lot and talked about, you know, we even talked about TradFi, we talked about RWAs,
we talked about your protocol.
So we've covered a lot and I think we've painted a clear picture of what InvenEx brings
and the sector itself is developing into.
And now I wanna just, before we end,
just chat a little bit about Invenex on Metis
and what y'all bring into the Metis ecosystem
and the other protocols that we have here
that may be part of your journey.
So to get started, why Metis? What brought InvenEx to Metis and why are
you bringing on-chain investments to our ecosystem?
Yeah, we looked at just some of the data in terms of network productivity and then obviously the gas fees or the gas
productivity of the network and also looking at the community that Metis has built. And
we saw that a protocol like ours would be of benefit.
And obviously I'd leave this judgment
to the ecosystem players or the community players to make.
But the way I see it is that there is a need
for proper asset-backed tokens that have a value that's tied to a specific thing.
And the best place that we can do it is in ecosystems that have a very strong community in place, much like Metis. This is what we're trying to do to really showcase
both people who are aware and who are unaware of the next evolution of RWAs that are really tied in with not a speculation, but
you know, at the very least with concrete, you know, historical data that can back it up.
And then really very experienced teams building it. So this is our motivation to sort of contribute to the development of Metis.
Although it might be a very small portion of it.
But yeah, that's something that we're really excited about.
Yeah, those are important factors that you mentioned.
And I always wonder, what are the thoughts or what do builders factor in
when they're deciding where to deploy and things like that.
And community is always one of them.
And then definitely, you know, like the gas fees,
the speed of a network usually come in a play as well.
So yeah, and thanks for everything you've shared so far
and, you know, painting the picture of what Invenex is and even
RWAs and what you know what private equity can bring and we're bringing private equity on chain
It's really merging two worlds. It's I think merging the best of two worlds together
and I think we're just seeing the beginning of it and I'm
personally
very intrigued by what is being developed
in just the RWA sector in general,
especially when it comes to sustainable yield bearing assets,
like bringing like treasuries on chain
and things of that nature.
And I think it's gonna bring a lot of, like I said,
liquidity and stability into our industry
that is desperately needed.
And, you know, so we could have less volatility.
And I know that some people love the volatility
of our industry, and it'll probably always be there
to an extent, but, you know, right now there's people
that lose everything, you know, overnight.
And hopefully as our industry matures and we get more products and
more TradFi that comes on chain, there's trillions of dollars of TradFi
assets that can be brought on chain and you have protocols.
Like even our infrastructure, we have Chainlink CCIP,
which CCIP is really focusing on bridging
stratify assets into the on-chain world and really gunning for that.
And I think, you know, once these things mature,
and our industry is able to mature with it,
with all these different assets that will be coming on-chain,
I think we'll have a more stable industry. yeah so thank you for sharing everything. I think the last
thing I wanted to ask you is what's next in the roadmap and do you have any
partnerships lined up or any active partnerships right now that you would
like to share about and any developments that are coming up?
coming up. Absolutely. We actually very recently partnered up with a European venture capital
firm, Startup Wise Guys, with I think 400 plus portfolio companies and 2 billion plus in AUM. So that's one exciting news. We are going to be announcing in a couple of days
a partnership with a US Chartered Bank. I think on Monday we're going to announce it. So
if you aren't following InvenEx on Twitter or X or LinkedIn, make you do we're gonna. We're gonna announce it
in a couple of days on Monday
and then moving forward what we have planned is
Bringing in some of the biggest
asset managers with with hundreds of billions of dollars and in AUM
on our protocol
And this has been in the works for a couple of months now of dollars in AUM on our protocol.
And this has been in the works for a couple of months now.
Also to get governments to offer
or issue a sovereign bond directly on chain. That's one of the exciting things
that I'm really, really, really focused on
sure that happens.
And we're talking with central banks and ministries of finance of a couple of countries.
And yeah, so what we are trying to do, the roadmap is to expand the options, the yield bearing,
the different yield options for our users,
but also make both InvenEx and then obviously
the larger Web3 ecosystem a bit more formalized
where you can interact directly on chain
with some of the most traditional structures that
you've seen, whether they're very prudent asset managers or with
government finance departments who oversee finances of our whole country.
So yeah, that's what we have in mind.
And then slowly, slowly and slowly,
we are working on smaller,
but very effective partnerships
with other key Web3 players.
But on the larger scale,
we have a few, you know, very achievable targets in mind that we're very excited about.
Now that sounds like some big moves you have going on there with some of the key partnerships
that you have lined up. So that's exciting. That's pretty big and good luck and good luck on your
journey. And I know that there'll be a lot of opportunity that opens
up especially as you continue building these relationships and creating partnerships with
these giant institutions like a US Chartered Bank, for example, that you have coming up.
So I know that brings a lot of stability that brings a lot of formalization, like you mentioned,
to your product and just to our industry in general, and delivers access to this stratify industry
and to these traditional structures
that are usually closed off to everyday people.
And so these are the things that excite me.
And this is why I love looking at the RWA industry develop
and watching how we're merging and kind of breaking barriers,
kind of breaking down walls that are up.
And I wish you lots of luck.
And thank you for being here.
Thank you for sharing everything you have.
And thank you everyone else who showed up.
This space was recorded, and lots of folks listened after. So this will be living indefinitely on
our page and you can share it, you can listen to it. But yeah, thank you again, Shafiq, and I wanted
to just... any last thing you wanted to mention or anything maybe we we didn't cover this is your moment to kind of share your last words or anything
No Anthony, thank you very much for for having me
and giving me this platform appreciate that and
a massive thank you to the people who
joined in and
Heard us out
You know, we're very excited to really give back to our users, to the broader Web 3 ecosystem.
And we really want to start it with the most sort of foundational thing. And that's the stable coins Making sure their stable coin is safe is liquid and it's earning them money
Not just the issuer, right? So I want to end it with that and
Again, thank you Anthony to metis and everyone else who joined
Enjoy the the upcoming weekend Again, thank you Anthony to Mattis and everyone else who joined
Enjoy the the upcoming weekend
Definitely I will indeed and I hope everyone else does too and yes access to yield access to liquidity
access to services financial services
That's all coming and that's all good and exciting.
So yeah, thank you.
Thank you for what you're building and much luck.
Godspeed and we'll see you around the weekend everyone.
We'll see you next week and appreciate y'all for tuning in.
See you next time.
All right.