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RWA Watering Hole #10 - Hear from RWA Builders & RWA Pod Updates
Recorded: Aug. 14, 2025 Duration: 1:01:31Space Recording
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. That was a fun noise.
I think I did that.
I just discovered there's a soundboard here.
But I don't hear it.
I just heard a cow.
Yeah, I did that, but i didn't hear to call myself
well you can try it again
we have fun here at the rwa watering hole the water's warm we got we got sounds we got great music
water's warm we got we got sounds we got great music we got lots of
you're you have the power you can do whatever you want um let's get some of our our uh usual
peanut gallery here we got evie as we all have had a grand entrance with here what's going on
how are you this fine thursday evie really good
really good it's nice weather today uh who do we got actually today in the watering hole what are
the projects that we're gonna listen about oh we're gonna talk about our our favorite uh rwa
world was just pulled up what's going on i assume that's ray behind the account who normally is on
the other side on the Inquisitor side.
But now we put him in the spotlight.
And we have Lumia.
And I'm getting to see you, Ray.
Evie has found the soundboard.
So expect some good engagement throughout the watering hole today.
And we also have Build On.
We have Lumia.
They should have the Build On Lumia account joining soon
or somebody from there.
So that's really cool. Uh, and, um, I'm blanking on our, our last, uh,
our last guests here. We are the name from material. That's right. Vene,
what's going on? He should be pulling up. Right. So we're just going to give him a couple of
minutes. I know everybody's finishing up calls as as such and we always have some time maybe at the end to go over some some awesome
projects that we we've covered in the past like i've seen the audience here driven and uh raised
represented by brian anderson had you on last week maybe we can get you back on a little
a little for some more commentary a little later on and then i know we got jason helping man the the spaces right now
between stm and the foundation account and what's going on some listeners some i think maybe some
new listeners uh or some friendly faces but what's up jared what's up rm web3 and paribus
multi-collateral cross-chain borrowing and lending for RWAs and other tokens.
All right, that's interesting.
You'll have to check that out.
Welcome, welcome.
Zeus, what's up, dude?
If you want to get on stage, we'll happily get you on.
But always nice to have you, my friend.
I'm just sending out some invites now.
Super stoked to rock and roll on this one, man.
I'm still looking for that soundboard.
Can someone explain to me where this elusive soundboard is?
I know it's different on different devices.
So there's the mic. I'm on my phone. So there's the mic.
I'm on my phone.
So there's the mic button on the left bottom.
And then if you go to the right, there's a bunch of buttons.
One of them looks like a magic wand.
And you have to press the magic wand.
Oh, I see.
I have been rugged out of the magic wand on desktop.
So alas.
I just have to buy a rooster and bring it with me and have it make that noise
instead.
You know, just do it live kind of recording.
Right.
That would be actually much better.
There's also a voice option, but I'm kind of afraid to try it.
A voice option.
As long as I can't run Armstrong's voice on here, we can make some true memes. It's really weird.
Yeah, I'm not really sure what's happening right now with my voice.
Did it do something?
Yeah, yeah, your voice changed for sure.
Yeah, it, it was changed for sure. Oh shit, what are we making?
Uh, spaces is the white bar, in my opinion.
They, uh, should be making their things worse than it and such.
Welcome everybody, welcome in your spaces,
Chloe, uh, PMP, uh, and, uh, what's going on?
Let's have you in.
So, what's up to it? How did this vlog go to?
It's genuinely unintelligible.
And it's amazing.
It would be crazy if you can't turn it off.
That'd be the wildest thing.
Am I speaking to me?
I'm going to go right now.
Perwick, can you come back to normal?
I didn't even realize I had that on.
See, this is the danger.
The danger of the power that we've been granted.
Jeez Louise.
Jeez Louise.
Well, let's get this back on track now that we're normal.
Figured this out.
We're learning every day, folks.
That's the power of RWAs.
You do get to learn every day. It's the power of rwas you do get to learn every
day it's a great time to be in this space uh and um you know we we will have some more projects
coming on but you know since we're here we're starting and we got some other great projects
in the audience we can always bring up it looks like uh ray what's going on man in the past you've
been in the watering hole. You've told a little
bit about us, what you're doing with RWA World, your amazing newsletter. But most importantly,
we just get to hear your great questions that you have for our guests. This time around,
you're in the hot seat. So why don't we take some time here and why don't you tell the good people
good people. Who are you? And when was your RWA pill moment?
who are you and when was your RWA pill moment?
100%. Yeah, Herbie, great to be here. Always a pleasure being able to converse with you all.
Excited to be momentarily no longer part of the peanut gallery, but rather on the main stage.
Yeah, I'm Ray Buckton. For those who don't know me, you probably heard me on a number of RWA
spaces before. I like to make my rounds on those.
I am the head of research and marketing over at RWA World.
We wear a number of different hats.
We are as much an intelligence as we are an analytics platform.
We operate the largest publicly accessible RWA database in the space, now with over 500 entrants of RWA companies, tokenizers, etc.
It's free to use.
Use it for your BD purposes, your market validation, what have you.
It's our labor of love for the industry.
And additionally, as Herwig alluded to, we run a newsletter that is personally, it's
It's My Baby.
I've been doing it for 85, 86 weeks in a row now.
It's coming out tomorrow, 8 a.m.
We have some names like the European Central Bank, DTCC, JP Morgan, Cracking, Coinbase,
et cetera.
They seem to like what we're doing.
And so we've just been rocking and rolling with that, just syndicating everything and
anything happening in the world of tokenized assets.
So we are your finger on the pulse there.
For me personally, in terms of my RWA slash tokenization red pill moment, I'm class of 2014 for digital assets.
Heard about them shortly after graduating university
and just fell down the rabbit hole.
Being poking around with Bitcoin,
Ethereum wasn't quite a thing yet.
It came out shortly after I joined the industry.
And in 2017, I learned about a company
called Medici Land Ventures,
which at the time was a subsidiary of Overstock.com, if you could believe it or not.
And they were working on bringing land onto the blockchain, which at the time was an immensely novel approach.
And it's something that kind of stuck out to me as, oh, this is really interesting.
You know, they're interpolating a physical asset with this kind of ledger system.
And kind of the zeitgeist at the time was decentralization is gospel.
It is, you know, paramount to have in every aspect.
And going against that was kind of tantamount to heresy.
It was well before even the blockchain, not Bitcoin kind of wave that we saw after the ICO boom.
But it always kind of stuck out to me.
So in 2018, I wrote a research report that didn't get that much fanfare, but it kind of illustrated, using a couple real-world
examples along with the DC land ventures, some of the initiatives that at the time were tokenizing
things, such as anything from timber to mineral rights to land, of course, to water rights,
aerospace rights, Class G airspace here in the US, and everything in between.
And so that was really kind of my red pill moment.
I put it on the shelf thinking, okay, this is cool, but it's not time yet.
And then fast forward to early 2023, a friend of mine reached out,
Tyler Sherwin, he was like, hey, there's something really interesting
going on in the space, I think you should take a look at it,
it's called tokenization.
And lo and behold, this is kind of my full circle moment, when I realized, ah, okay, we're hitting an inflection
point now. We're starting to see some actual progress as it pertains to taking real world
assets and bringing them on chain. And so began working with him and the other co-founders on
aggregating this database, writing this newsletter, and just really reaching out to people in the
space saying, hey, what are you working on? How can we help? Can we help get the word out? And
that's what really started RWA World as an intelligence analytics firm, is really kind
of spreading the gospel of RWA. At the time, it was a comparatively small industry. I know,
Herwig, you've been involved in an asset tokenization for far longer than myself,
so I'm sure you've seen it go from a very minuscule industry to the titan that it is today. But of course, even getting involved early 2023,
it was still very, very small, very paltry in terms of how many people were actually playing
around with it and doing serious stuff. Then treasuries came on chain and the rest is history.
And here we are today, 2025, the year of the RWA. The year of the RWA, man yeah i've heard that one a lot but i think this one might actually be
right uh it's uh clear when you see every major company like stripe circle robin hood and uh and
there will be more to come no doubt uh but these are rwa chains make make no mistake uh that's why
they're building them that's the future of finance that's why we're all here uh and that's why i love what you guys are doing with rwa world uh you know
maybe we can get a little bit more more insight here on terms of you know what what what are you
guys looking at in terms of not just beyond your insight and intelligence but maybe you guys can
lean into uh a little bit more about what else you guys are planning to do. I think
you guys have done maybe some events in the past and other things, sort of what's on the agenda.
Yeah, 100%. So we did have a foray into events, which was, you know, actually very successful.
We're looking at potentially doing some more of these at some point in the future, but really not
our main focus now. But the events were great. We hosted the first RWA Day over in Salt Lake City, Utah
for Permissionless 3.
We had some huge names there.
The Janvon X showed up, which is a really phenomenal networking
opportunity there.
So we definitely are looking at potentially in the future
rolling out some more events.
I know Herbie, you and I have kind of just very briefly
touched on that.
And there's a lot of opportunity there in terms of getting people in the room. Since we
are in a digital industry, we're bringing assets in the real world into the digital space. So
having kind of those physical touch points where, you know, you can press the flesh, get to know
one another on a personal level, that's really invaluable. So absolutely something that's
interesting there. But our main focus currently is something that we're seeing entering the zeitgeist rather
quickly.
And that is the disconnect between real world off chain data and on chain data feeds.
As we've seen, for example, in the NFT craze, lending markets begin to crop up.
And for these lending markets for NFTs,
folks were able to take a loan
against the underlying value of their NFT
and go off and use the capital as they see fit.
There were a few instances in which,
due to the way that the price for these assets
was being parsed to the lending market,
the price would wick down
and liquidate a significant number of positions, which would
leave folks essentially without their NFTs. Huge issue. As you can imagine, if real world assets
are relying on the same kind of tenuous data fees that are on chain specifically, then there can be
some really big issues in terms of asset valuation. And what we found is that many builders in the
space, of course, immediately and very
quickly recognize that this is huge, this is salient, right? So if they're working in tokenized
watches, tokenized coffee, wines, whiskeys, equities, commodities, what have you, any of
these things, what they find rather quickly is, well, we need to get this off-chain data and
parse it on-chain. And that can be a significant time investment, a significant cost, and perhaps
most importantly, a significant allocation of resources in general for maintaining these data
feeds. Getting them on chain is one thing. Maintaining them and negotiating the commercial
agreements, et cetera, is a bit of a Herculean task. We've actually seen early RWA marketplaces that were asset agnostic.
We've seen two of these things going on threefold because they were just not able to get the
sufficient data to ensure that the pricing was accurate.
So with that said, we're working on a product or we've actually launched a product called
RWA Data Feeds that is bringing high fidelity off-chain data on-chain.
That can be, if you're building,
let's say in a more Web2 kind of lean,
you can parse this out using just traditional API endpoint.
Or if you're working and building on-chain,
you can use any of our Oracle partners
to basically access our WA data feeds
and get any tokenized assets under one umbrella.
So rather than having to bring a litany of these on-chain,
whether it's commodities with CME or whether it's, let's say, wines, and you want to go to five different
sources of this off-chain wine, you don't have to worry about that. You just get a subscription to
our data feed product, and you're back to building. It's just basically one-time cost plus per API
call. So that's what we're working on currently and super excited about it.
No, that's super interesting, right? You guys have built this very valuable database. You guys
have been covering the space for the last three years. You've been deep in the heart of it
from early on. And now you decided to go into data feeds. And to be very clear, for anyone
who's getting lost, these are not oracles, right? You are talking about
tapping into off-chain data and bringing that into the existing world. Can we talk about maybe
some examples, some use cases? Yeah, absolutely. So definitely a great clarification, you know,
oracles are a bit like the spigot or the faucet that push out water in this analogy.
But unless they have a connection to water that allows it to flow through and disseminate that resource, then it's really not that valuable.
So oracles are only as good as the data you put into it.
And that's where we come in.
We are the data provider that provides the data
to allow the Oracle to then provide you that data. A real world example would be something like
watches. Let's say, for example, you have a Rolex, you have an on-chain market for these Rolexes,
and you also want to bring in Patek and some other high quality watches that are of a different brand.
Well, what's interesting is that on the off-chain markets in the Web2 world, there are sources for the secondary market buying, selling, and trading of these timepieces. But there's about four,
arguably five of them that are kind of the definitive sources based on volume. And if
anyone knows about the Pareo principle, you know 80% of that volume
is happening across these four to five watch exchanges. And there's infinitely more volume
for these timepieces off-chain than there currently is on-chain. And so what that means is that because
it's a more liquid market, there's more price discovery, more accurate price discovery and
pricing of these assets. And so, for example,
if we have someone out there in the fields of Arkansas whose grandpa fought in World War II
and just happened to buy, let's just say, a storage unit worth of rare Rolexes, and his
grandson inherits this thing and opens up the rolling doors and says, oh, snap, I'm rich.
Well, ultimately, yes, good for him. Maybe he can move out of Arkansas,
but it's still going to tank the price of the underlying asset.
And sorry, I have to throw shade to Arkansas.
I have to do it.
I'm from North Carolina.
But it's going to tank the price of the underlying watch, right?
And he's probably not going to go and spin up a Web3 wallet
and go to the more illiquid market.
He's going to go to where he can get the best price.
And actually, that may be a wholesale dealer,
but eventually these watches are going to percolate out into the wider market, and that
price is going to go down. If the price drops from $6,000 to $5,000 overnight, because this guy just
yeets it onto the market, and that doesn't reflect on-chain, you as the end consumer, who, let's say,
just so happens to want to buy one of these watches, maybe overpaying by 20% and you have no
idea. Whereas where RWA world comes in with our data feeds product, when that price drops on the
off-chain market, we immediately parse that data on-chain so that the on-chain incarnation, the
tokenized version of that asset will reflect that off-chain price. So you get the best of both worlds.
You get the accessibility um the fractionalization
and the divisibility of the watch on chain but you get that off chain price from the most liquid
markets so you don't have to worry about solving that chicken and an egg problem of well i have an
rwa marketplace but i don't have the liquidity and therefore i don't have the pricing how can i get
folk on here you can actually pull that pricing off off chain and bring it on chain using our product. And you know, you're going to be
getting the best pricing, which means folks can then trust your marketplace, which then starts
to create that flywheel effect of, ah, well, it's fractionalized. I know I'm getting an accurate
price, et cetera. I think the words you're using there, trust and accuracy are critical i remember once speaking to a
a big client of mine and and i won't say which uh oracle or which provider they were working with
but uh it was responsible for reporting the the price of gold uh which is you know has a
market value outside of tokenized gold on blockchain that they were feeding into it and
it was incorrect um so this is critical
infrastructure and this is not not an easy feat that you know people can do overnight so i'm glad
to see you know the team you guys at rwa world are are taking on this mantle because it's it's
not or you know people can just look at it and look at kind of like oracles are responsible for
this but no uh there's there's bigger there's bigger, deeper importance here, I think. Uh, and it is important to make sure you have a firm like RWA
world, in my opinion, that can, can really focus on, Hey, here are off chain feeds that we've
aggregated and curated that you can trust, uh, and leverage within the on-chain economy,
which is where everything's going to move. And, you know, I'm sure you guys were probably inspired a lot by one day AI leveraging a lot of this data, right?
In an on-chain economy where AI can one day move assets around with RWAs on-chain.
They can manage your portfolio, participate in the on-chain economy.
They're going to rely on data that you guys power, I imagine.
So that's really exciting stuff, right? Absolutely. I very much appreciate it. And that's something that we're
seeing, you know, some of the larger incumbents start to work towards as well. Chainlink, for
example, to bring commodities data on-chain at the request of this very large issuer.
But it's fits and starts, right? It's the sort of thing where we believe it's not, you know,
winner take all, it's winner take most.
And we're very confident in our product and then pleased to kind of have that early mover
advantage where we're not only interpolating some of the larger assets on chain like equities,
commodities, et cetera, but we also do have data feeds for some of the longer tail assets.
And that's what's proven to be very interesting for some of our clients that are
working in the long tail of these assets, watches, coffee, et cetera. That gets really,
it's comparatively esoteric, but it's also where some of the upside is, right? It's not the most
liquid instrument, but it has more than enough liquidity when you compare it to kind of some
of these on-chain assets. And it's really how you kind of scale the thesis that I think we all share here on this panel, which is bringing everything on-chain. Yeah, scale is everything.
It's how the, you know, not only the overall, you know, market cap of crypto will expand,
although got to love how it's, you know, all-time highs, 4 trillion plus, let it ride. But the way we add another $10, $20, $50, $100 trillion is,
of course, scale through RWAs. And that will translate into crypto-native project tokens as
well, powering a lot of these RWA infrastructures. So I hope a lot of builders are listening and
taking advantage of what you guys are creating here, because I do believe a lot of
this off-chain data and trust is necessary for market activity, right? If we don't get information
to investors, to the market, people are not going to trade. These RWAs are not going to have
liquidity. And this is what happened in the beginning, the first era of security tokens
and RWAs back then. They didn't get adoption. they didn't get any liquidity they didn't get any attention and frankly a lot of the
projects had no transparency so this is the way the future I imagine even
stable coins and other things especially the ones that aren't completely tied to
just dollars are gonna need this technology so really good stuff I want
to open it up to the rest of the gang on
stage here for any questions about RWA World. It is looking like Lumia is unresponsive despite
confirming and tweeting that they'll be joining, which is kind of sad, but you never know. We
won't give up hope. Maybe Vinay or Materium is on a call and can join in on this next half hour.
Good news is I got a special announcement that we can go over in a little bit.
It's going to be going live later today.
Very fun update about the RWA Foundation.
But also we have some great projects and listeners here at the Watering Hole.
That's the idea of the Watering Hole.
This is not just about listening to great builders, but about supporting the whole ecosystem and meeting the rest of the herd.
So look at these cool awesome profile pictures wiz killie dan from the big group squad d farmer brit bong pablo ben marita vio
daniel what's going on always supporting the elephants love to see all these faces in here
give everybody a follow around here we're all in the rwa gang together the herd and i see some great projects mave driven
got undyne and akashi supporting the ix gang the ix swap gang we're actually gonna
be doing a uh our next spaces with them next week so look out for some details on that very soon
but uh driven mave anyone who is working on a cool project, you know, we might have some time for a lightning round later to get you up here and speak.
So raise your hand.
But with that message, anyone here on the speaker gallery got any questions for Ray from RWA World?
And pretty much anything is fair game because, you know, this is what we do.
We just talk RWA's all day.
Yeah, go for it, Doge.
Cool, cool.
Good morning, guys.
So RWA World, my thing is for your in-game vision,
what is your actual vision?
Are you looking to be like the first global unification of all RWAs
or like the one-stop shop for
everything. Like I didn't get to hear the entire show. So if I,
if you've already said that, it's like, you need to tell me again, please.
Yeah. All good, brother. I've always great to see you, man.
Love what you guys are doing over at Bigfoot and you know,
fantastic question.
We actually didn't talk about kind of the end game vision to get, you know, kind of painted the castles in the sky here.
But the way we see this going is that, you know, again,
it's not going to be winner take all.
It's going to be kind of winner take most.
And we are very, you know,
happy to not be kind of the front end interface for RWAs, for example.
We definitely want to be your finger on the pulse,
your one-stop shop from an information perspective.
But when it comes to the actual
providing the marketplace infrastructure, for example,
we're a firm believer that it's let, you know,
a thousand flowers bloom and ultimately see
which one kind of captures the most kind of sunlight
to become the dominant ecosystem, for example.
But we believe that can't really happen.
And I think it's pretty well established.
That can't happen with a foundation of poor data.
Again, oracles are only as good as the data they provide.
So these marketplaces are only going to be as robust and scalable as the underlying pricing
data that they have access to.
So our end game is to serve as the backend infrastructure
where someone gets an idea or is working in the industry
with let's say, we'll just run with the example
of coffee beans or maybe pineapples, right?
So I work in pineapples and I've been,
I'm from Central America, I've been doing this
as a family business, third generation.
When it comes to pineapples, I know what these things are, how they're priced and how this works.
I want to bring my operation on chain.
It'll allow for more scalable capital.
It can create an ecosystem token.
It'll help out with kind of the agricultural side of the equation.
And people want access to these yields.
But the challenge is, how the heck do you get the price of a pineapple at any given hour and bring that on chain?
And I'm not a data guy, right? I'm third generation pineapple farmer.
You know, I run this enterprise.
So unless I want to become a data scientist and a market analyst and parse
this stuff on chain, that that's kind of a problem. It's kind of a challenge.
So we see a world where whether this gentleman is out in Central America,
third generation pineapple farmer, whether it's somebody who's working,
you know, in like a mining operation, the nodes mines, for example, or anything in between, be a fund manager who
wants to have access to the best indices data.
That's the kind of stuff that we're bringing on chain so that they don't have to think,
okay, well, shit, now I have to go and actually source someone from the technology side of
the equation where I don't even know how to vet if they're doing a good job or not and
hope this thing works.
We just want to be able to literally have it in an afternoon to where they
click, clack, boom, boom, plug a couple things, click a couple buttons, they got access to the pricing.
Hope that answers your question.
Yeah, I definitely appreciate you taking the time
to explain that. Yeah, so I just wanted to see because I saw your newsletter and stuff
that you do all the time. So I don't know if you were going to like you know start with that and then
just build on to it you know because like when someone goes like big like that they get that
narrative of being like one of the the trailblazers of the of the cycle you know like companies will
try to come and bring it in because you know you could be adopted or partnered with, say, like a platform that does do all the issuings and stuff and you are writing all the news for them.
You know, so it's like you could grow into that. I was just wondering, like, what you were overall seeing for yourself. That's all.
That's a great follow-up question.
From a data provision perspective, that's kind of us providing the infrastructure.
For me and anyone who knows me, I mean, you've seen my little red penguin with his pirate
hat and inner tube.
I'm just a huge RWA nerd.
So when it comes down to like, for me personally, I want to be able to communicate about this
sort of stuff and serve as the bridge, right?
Because I think a lot of folk in RWA, it's a bit bifurcated.
You know, I think fund managers to a degree have an idea about data.
A lot of data folk have some ideas about kind of how maybe some of this stuff works in terms of, you know,
the RWAs and the TradFi side. But I'm, for me personally, I want to be the bridge where I'm
able to kind of articulately convey like, yo, we need good data. It's going to underpin the entire
industry. And this is kind of what we want to do. And so far we've had great perception. People
really, especially builders in the space, are like, oh my God, that's such a pain point for us. Like, that's so rad. You guys can alleviate that. And especially, you know, new builders, where we're helping them see kind of this large pitfall. Like I said, we've had RWA marketplaces that we've seen go under, because this is just not something they've considered. Like, oh, man, I'm going to be the one-stop shop for people coming in and buying and selling their RWAs. Oh, crap, how do I price these things? And by that point, they've already either raised
or built out some of the initial infrastructure.
So we're really happy to kind of, you know,
help the industry scale in that way.
And I'm happy to just get to be a big RWA nerd
and talk about this kind of stuff.
Yeah, I mean, you got to think, like, bro,
it's very hard to find people in this space
that even understand RWAs.
Like, people were trying to say, like, you can take in this space that even understand RWAs.
People were trying to say, you can take a sticker and that's an RWA.
And I'm like, yeah, let's get to the real potential about this space.
There's a lot of people who don't understand where we're at right now overall in the technology of crypto. But we're like literally at our best point ever for
RWAs, for tokenized assets
to really be utilized. Dude, like
JP Morgan trades
10 trillion a day.
10 trillion, you
people are like saying like
10 trillion is like
a ministerial amount. Like I'll see like
30 to 60 trillion dollars
over the next 5 to ten years easily
coming just into the rwcs by itself the more everything gets set up for for securities and
everything for these big companies who are moving all of these assets it's game over like this is
where you need to be in now finding all of these projects and companies that are coming out with the technology now
with tokenized stocks, with
tokenized real estate,
with buying stadiums,
naming stadiums,
like all of these things are going to happen
and so you need to start
finding them right now and like that's
what I like because you were explaining
in your newsletter and stuff like the
importance of why RWAs are so important for the cycle.
And it's just the truth.
And people really need to understand this is where you can come in to never having anything and truly change your fucking life if you can find a good project that's there for the long haul, not for the quick dollar.
It's just the truth.
RWAs are for those people, not a mint coin, not finding a true RWA project that's there for you, that wants to see you in.
They either have a flywheel system that comes back to you as holders, or they've generated their own new flywheel system as a reward style token to where you're
getting rewarded as a holder. Either way, as these new flywheel systems come into play,
that's where you are going to get your community to stay. However, you are deciding to reward those
people without them having to keep putting more money into you, but you instead figuring out more
ways to set up liquidity pools for your projects,
to utilize them properly, to generate more fees, to give to them, to make them want to hold,
that is how you will grow in this space. Unless you do not do that, the old flywheel system is
PVP and it does not fucking work anymore, guys. It won't work anymore. You need to get PVE and
everybody needs to pay attention to how PVE works.
Find those big projects that are already backed by banking systems that are backed by the SDC, right?
Where they've already gone through their processes and get with them now because these guys are going to lead this cycle.
And by the end of December, if you aren't in, you're not coming back in.
And by the end of December, if you aren't in, you're not coming back in.
It's going to be almost impossible by that time because these projects that were here, they are going to get adopted by the biggest people around.
Coinbase, Robinhood, Binance, they're going to take them as fast as they can because they see the money and that's all they care about.
The 2025 cycle, which nobody knows how long it long is gonna last is this is without a doubt the
rwa cycle uh some may maybe more aptly call it the stable coin cycle but it is still the the rwa
that's hidden in plain sight right it's when when cryptos do well like this and all of this uh
thesis about bitcoin liquidity going into alts these alts are now going into RWAs as well.
That's the end game that didn't exist before. This infrastructure wasn't in place. So I completely
agree with you. I love your passion. That's exactly why we started the foundation as well,
to support and bring attention to this trend, because we really do think it is the face of
crypto. It is the future again looking
in five to ten years from now the nft market the meme coin market many of these other markets they
just will pale in size in comparison to what's happening in financial markets on chain and uh
as you said aptly very well put there are project tokens just because you can't invest into equity
which i do imagine many of these companies will one day tokenize their own equity as well.
Some of them have, but most of them have project tokens today available, community tokens,
new ways to get exposure to this trend that could be quite lucrative in their own way.
Do your own research is, of course, not investment advice, but it certainly is a bullish statement on RWAs and where it's headed,
because it is,
it's touching all parts of finance,
right?
I think that's why we're all nerds.
It's why we're all here.
and that's why I love supporting builders like Ray and we appreciate Ray's
support,
with everything you're doing with the foundation and being in the peanut
gallery every week at the watering hole.
any,
anyone else have any other topics or anything you want to jump off of?
Otherwise, I will share an announcement from the foundation here,
and then maybe we have some time for some lightning round projects.
Again, there are great builders out there in the audience.
You've got Nifty, you've got Driven, you've got some IX swap folks.
Brian, if you want to keep the conversation going from last week on raise,
come on up here, man. Maeve, anybody else want to keep the conversation going from last week on raise come on up here man
Maeve anybody else want to raise their hand get three minutes to talk about it
But first, you know, let's let's have a quick Bigfoot rundown
You know, we always love to dock it. You get you get better every time you give the message
Yeah, dude, I mean right now we're a all right i think our biggest point like no no
joke bro i don't know if you guys have been paying attention to the timeline but white rock
and and bigfoot are like actually working together they're actually blessing our community so i don't
know if you guys have a 404 or hold big tokens but if you't, you should because you're going to get a free airdrop of White Network,
which is a L1 blockchain
for RWA,
and tokenized stocks, people.
So like, this is what I'm trying to tell people
where the technology is already lined up.
They are all FNIC back.
They work with BlackRock.
They work with Bank of America.
Like, you should be paying attention
to companies like this, right? Like, and Bigfoot is going to work with black rock they work with bank of america like you should be paying attention to companies like this right like and bigfoot is going to work with them so like this is
even better for you guys right because we're an rwa based style project they are an l1 blockchain
for rwas so the this is massive right guys like also there's another big project out there that people should also be big.
Like I don't, I don't, I love selling big, but we are amazing general that we'd be like
shift is another major player that people should be paying attention to in this cycle.
I'm just being very upfront.
Like I've looked into a lot of what their idea is and and how to utilize it with the token
on stocks is very intelligent so white rockets also doing that same thing dude so like we are at
the greatest point of our lives to be able to come into something and fucking win together as a team
as as a unified front of something. The RWA system is there.
But for the basis of the Bigfoot 404, right,
and we're 1 billion token supply,
which breaks down to 1,500 Bigfoot 404s, which breaks down to 666,666 big tokens, right?
Now, the way we're doing it is a new style of crowdfunding.
That way we don't have to get any outside influence
in order to be able to get this property for our community to utilize, right? So there's a 10% swap fee in, a 15% swap fee out.
Those fees, they get taken and go right into our RWA wallet, right? That RWA wallet is then
utilized to purchase our property, which will be in upper state New York, just because a lot of us
who are going to be building the property, that's just where we're located around. So it's just easier to start somewhere
where we're close by. The company is licensed out of New York. MC is our founder, right?
The idea was all his, he started about three years ago. He couldn't launch it because there
wasn't the technology to be able to utilize the property properly.
So that way the investors could actually have value for what they're holding in their vault.
So now there is with the NPL 404, which was built by Metaplex and B-Labs.
So, yeah, we're at the point now to where we're about to acquire our property.
acquire our property uh mcs already went out and looked at a few of them and we just came down the
NSTs already went out and looked at a few of them.
one that's going to look the best uh for the location to be able to have like a great venue
for for concerts festivals for nft projects to come out and have their communities for
you know so you want to get mary bray with uh at there all you need is that 404 you can have the
whole venue and have your wedding day that costs
people to 60 000 and it's free because you had your 404 in your wallet so we love to take care
of you guys in the long haul and the best part let me drop the best part brother if you own a
404 you have the opportunity to come up there and work and get paid also to build the property. So you're making money the entire time. So that's
the best part. Wow. That is awesome. I know there are many best parts about that. I love what you
guys are doing. Always innovating and airdrops are one of the big languages. We love to speak
over here at the RWA Foundation. So I love to see you guys are doing that that partnership that that is part
of the key of this whole trend so there are going to be many ways to take advantage and get exposure
through cross collaboration through partnerships with the foundation um and uh and that's why we're
excited to announce a bunch of new members today the announcement will go live in just a little bit
but it's you know just your usual folks i'll go through the list in just a minute but we got brian
up here from Raze.
We got to hear a little bit from you last week, but man, there was so much going on.
There's a lot of new friendly faces in here.
Why don't you just give us a quick, give us a three-minute rundown of Raze and yourself, Brian.
Yeah, thanks so much, guys.
Glad to be on here again.
Here again, for those of you who don't know, RAISE is an infrastructure and an RWA engine
at its highest kind of point, an umbrella where we're enabling issuers to be able to
issue their own yield bearing token, take their existing traditional assets, put them
on chain, securitize them, and then offer investors the ability to invest in their company, their asset
class, et cetera. We're really targeting the mid-market field. And why I say that is because
when we read all the great news from STM and RWA Foundation and a lot of the other providers that
are on here, we typically get excited about the big BlackRock implementations, the big institutional classes, the billion-dollar offerings.
And there's obviously very few of those that we can even count on one or two hands that are actually out there successful for more than a year. What I get excited about is the everyday funds, the smaller funds, the big market funds,
you know, sub $250 million in AUM, or the asset owners that are looking to raise alternative
capital. Because despite crypto being up and the stock market being up, we all know that there is
a tremendous amount of cash on the sidelines right now, still. And with interest rates being still
so high, the market is really not out just lending money and giving money or investing into
what we saw back in 2020, 2021, et cetera. So what's interesting is that we're working with
issuers and companies that are actually traditional, that are predisposed to tokenization, meaning they've made the decision that they want to try this new tech out.
They want to engage in it, but they don't know where to start.
Or if they know where to start, they don't know how to actually make it regulatory friendly and actually go out to market.
So we're excited because that's who we're working with.
And one of the greatest things that I have seen start to transpire is the interest in
yield bearing offerings, token offerings, backed by real things, real companies, real
assets.
One of our issuers just did their first redemption.
They started doing daily redemptions, payouts to wallet holders. And it's not going to get the big headlines. But guess what? All the investors are getting their principal and their yield back after a 90 day hold. And people are excited and acknowledging, hey, this thing's actually real. It works. I got my money back and I made interest.
I got my money back and I made interest.
And that's what I mean by private mid-market, smaller issuers getting things done.
And that's what gets me excited in this market is we're just starting to see the wave of everyday businesses and funds starting to leverage this tech and really go to market.
So that's a little bit about what Ray's is up to.
But it's a little bit about what Ray's is up to.
And we're excited about, of course, crypto being up right now and the stablecoin begin doing pilot projects and sandbox projects and
real deployments to actually try this stuff out and begin to shift their entire capital strategy
to this type of effort. And that's what I get up every day for. So I'll hand it back to you guys
for any questions, but thanks for the opportunity. Yeah, the real era of yield farming has just
begun with RWAs bringing real strategies, sustainable strategies in many cases, with real
yield as opposed to a lot of the artificial yield that was created in the past. So that's a great
update. I appreciate that, Brian. We got a couple more people on here. We can do some lightning
rounds, but before we do, anyone have any questions for any questions for raise yeah i love what you guys are building same thing with rwa world um brian i know last
week you kind of touched on this bit but you just mentioned the titanium uh type deal that you guys
did but you guys are doing another one too right like in private credit now being turned just a
little bit light on that yeah absolutely um we are working with and we'll be making some PR announcements here in the coming week or two.
But we're working with a company called Untappd Global, and they're an embedded finance, technically fintech company,
along with running a pretty sophisticated fund across the world that lends money out to emerging market businesses.
And so in the simplest terms, they not only lend the money out to emerging markets like
invoice factoring and things like that, but they actually install technology into things like
motorcycles and businesses and payment providers so that they can verify and track the viability
of the business and whether or not these loans are actually going to continue to pay out.
Well, they've done it so well that they have raised between $1,600 million on an annual basis to lend out to these companies.
And investors are making somewhere between 12% and upwards of 28% to 30%, depending on the loan terms and how long the liquidity preference is.
Problem is, is most investors are having to park their money in for four years, which is pretty traditional, right?
And most high net worths are okay with that, or institutions.
But how do we attract global investors?
And this enters the point of embedded finance meets on-chain finance. So what RAISE is
doing is we're essentially taking their SPVs and their funds and we're putting them on-chain
and they're allowing folks to be able to invest in a yield-bearing asset for 30, 90, and 365-day
terms with very attractive yields that can be paid back to the investors.
terms with very attractive yields that can be paid back to the investors.
There's so much capital that's going to come on chain thanks to projects like that and engines
like yours, like Ray's, powering that. So it's super exciting. I want to keep going with our
little lightning round tradition here. Let's try to keep it at three minutes. Is that Michael over at Shift?
Yes, sir.
Thanks for bringing me on. What's going on?
Hey, guys.
Fire away.
It's great.
Yeah.
So I heard a lot of speakers today.
Amazing.
Thank you, everybody, for sharing your point of view.
We're digging the tunnel from the B2C side. So we are an RWA issuer based in Europe,
bringing stocks and ETFs to the retail DeFi market with new regulation called asset reference token
under MICA. So literally bringing cryptocurrencies, which are not STOs, not security tokens. So they
have upsides and downsides. They are traded in DeFi, but
they don't actually send yield over. We found a different way to deal with that with self-investing
funds. And we are bringing, let's say, in the beginning, not only the basic Nasdaqs,
but also looking at the lower market cap, Bitcoin treasury companies and crypto
treasury companies in general, which I think are very, very interesting product market
fits.
So currently in closed data of our minting platform, we're going to launch in the next
couple of weeks publicly.
So really exciting times for us.
Thanks for having me.
Super cool.
Pushing the boundary of innovation here. Truly not just saying, hey, we can leverage blockchain and tokenize, but this is new language Thanks for having me. necessarily regulated security and defy and other things so i know you guys are cooking up some amazing stuff that's what i love about rwas there's so many different use cases thank you for
coming on check out shift everybody but also newcomer on stage here paribus uh hopefully
i'm saying that right you got three minutes welcome what you got tell us about yourself
thanks for the opportunity nicola here from Paribus so Paribus is decentralized
cross-chain non-peer-to-peer borrowing and lending protocol from uh for uh LPs NFTs liquidity positions
um uh RWA's which I'm here for this space and we are live on Arbitrum, Ethereum and Lumia.
I came to support Lumia.
Unfortunately, we didn't see Lumia, but yeah, glad to have a few chances to say about Paribus as well.
So as I mentioned, Paribus is live, first borrowing and lending protocol on Lumia,
currently accepting Lumia, USDT and Ethereum on Lumia.
We are pushing the boundaries of what's possible because we are the first on Arbitrum,
as well as a borrowing and lending protocol that accepts liquidity positions from Camelot Dex.
Currently, we are accepting USDT, USDC and Arbitrum Ethereum liquidity positions.
Also on Ethereum, we are accepting NFfts moonbirds and doodles and
this is unique because we are pushing with code with AI evaluation so it's running all kinds of
on-chain and off-chain evaluation how much times you know it's been et cetera. And it gives you the price of your NFTs.
Next, what we are doing.
So RWA as collateral will come out hopefully by end of this year.
First part of the code is already audited.
The second part will need to be finished. We are already seven times audited company.
We are running audits through Hacken and Zocchio.
So yeah, our governance is also live on Arbitrum and our native token PBX is the one that's pushing all the votes.
Guys, this is an incredible space.
I heard about incredible projects here.
I hope we are going to stay in touch. I don't want to take too much time. Maybe there are other projects, you know,
want to say some piece. If anyone has any questions, I'm happy to answer.
That was great. I'm definitely going to be digging into your project here. You guys got some
fascinating opportunities in the RWA space with what you've built here.
So we might have to bring you back on for a larger interview in the future.
We'll be in touch.
But thank you for sticking to the lightning round.
In fact, we have a little bit more time as a result before we end with the announcement here.
I see another newcomer, RWA Bobby Flay.
Soul slot, invest in real estate for 25 bucks.
I'm curious, you got me.
You got the stage, three minutes.
What's up, dude?
Yeah, what's up?
I appreciate you bringing me up.
Can you guys hear me?
Loud and clear.
Cool.
Yeah, so Soul Slot is just a place
where you can invest in flips.
So what we're, it's not a security.
You can invest globally through base USDC through stripe with your debit or credit
card or on the chia blockchain you're buying contracts in the property it's
actual equity so you're essentially getting in at a discount to help fund the flippers down payment or their rehab costs at an exchange so you get
like 12 to 14 return absolute whether the flipper sells in three months eight months or a year and
we've done like 350k in mvp uh we're getting ready to go to market and try to do
we're getting ready to go to market and try to do a bunch of these all over the country. So
that's what we're doing. Wow, that's awesome. And out of curiosity,
totally get the structure. Are you guys going to have some kind of native or community project
token as well? We've definitely thought about it like a credit token, something where you can maybe invest in advance, whether it's like an ETF pool that buys properties in Nashville or Miami ahead of time, whenever they're available.
And you just kind of buy the token as an earmarker. But we have self-funded, essentially.
Haven't raised any funds from a token is what I mean, but we're definitely open to it. I
Love it, you know, that's one of the things we support out here
so I think you're gonna have a lot of fans in the audience that might want to see that too, but
We definitely encouraged all the assets coming on chain, especially in that unique model again
We might have to to bring you back another time so you can tell us a little bit more in detail
to bring you back another time so you can tell us a little bit more in detail exactly how it is.
But thank you. That's soulslot.com, folks, if you want to learn about that. Again,
that's the whole point of the RWA Watering Hole is we're trying to just bring together many of
the builders, put a spotlight to as many folks as we can, and have a great time meeting friends,
having a good time around the watering holes, we like to say. We're the RWA herd. So if you don't
know about the RWA Foundation, we're trying to bring together the leading brands those who are out here just
like the folks on this space that are encouraging asset tokenization building the future of finance
but not just looking to to work together to do so but also to bring together a community to reach
you the individual uh through what we call the Wally Dow which
will be working with our partners you'll enable airdrops perks and many other
benefits to access the RWA ecosystem amongst our partners all powered by an
RWA Treasury of course so we're extremely excited to bring this to life
our white paper is live but in the meantime we're continuing to work with
amazing partners in the space we already have a list of over 30 folks you can check out at wallydow.xyz.
That's Wally with a Y. But we're proud to announce that a credit token, Agridex, Baxos,
Bitbond, Decentral, Global Settlement Network, Onry, Orca, Plume, Polybit, Pre-Stocks, Ari Tokens, RWA World here, and Solana Foundation are all officially joining as members of the RWA Foundation.
So just more amazing collaborations ahead. You can just imagine what we can get done in terms of perks and benefits and airdrops and everything else.
Trust me, we got it all cooking.
We got an amazing team behind this, amazing ambassadors we're going to announce soon.
And for those of you who have been following along, the RWA pod will be launching September 1st.
More details to come soon, but it will be your chance to stake and earn WALL-E
as well as hopefully more than five or ten even other RWA projects all at once.
We're getting a lot of interest.
We'll see what we can do.
But in the meantime, any questions from the peanut gallery?
Any closing thoughts as we reach the top of the hour here?
Zeus, I know you've been silent.
There's a rumor going around.
You were getting some offers for your account being sold.
Is that still you?
We'll know if you got that Scottish accent. Can you hear me? Oh, it's him. It's him. What's going
on, dude? How are you this week? You got a space tomorrow. Is that right? I know you're in a thunderstorm, you said, so that might be the thunder kicking in.
For those who don't know Zeus, Zeus is a legend.
He's been promoting the space for a while now, and he's got a great Telegram lounge that if you're not a part of it, shoot him a DM.
Maybe you'll get an invite.
It's a great who's who of the space for those who are truly passionate and active and want to get involved.
But he's also got great spaces every Friday.
So we got another one of those tomorrow.
I actually think Shift, you might also be a part of that.
It's going to be a great time.
Many other builders on the space as well.
So thank you, Zeus, for that.
I'm going to try to promo you while you have those technical difficulties.
Ray, we all know we got to follow your newsletter and subscribe.
But you're also a king of the spaces. In fact, I think you got to follow your newsletter and subscribe, but you're also
a king of the spaces. In fact, I think you got one later today. Is that right? Yes, sir. 2 p.m.
ET. So let's see, that is three hours from now. We're going to be rocking and rolling and chopping
it up on Wolf Crypto. So super stoked for that. Going to be having our friends Henri joining this
time as well as the normal planet and maybe some more spicy guests rolling
up so definitely gonna be a good one i love it i love it well we're here at the top of the hour
thank you everybody who came on stage who came to help support rwas all of you who took your time
to listen in we do this every thursday at the same time to cover more projects and updates
truly it means a lot just seeing this whole space get together. So thank you for those
who showed up again.
Those of you who are new,
welcome.
Hope to see you again.
And for those who didn't get
a chance to get on stage,
please request again next week
and we'll try to do some more
lightning rounds if we can.
But with that, everybody,
you know, trunks up
as we like to say in the herd.
And as I always like to say,
happy tokenizing
