Welcome to web3global talks episode 61 about real world assets RWA powered by
etherland there is three hundred dollars up for grabs and giveaways we will be
starting in a bit speakers if you are there please raise your hand so we can
get you up on stage and guys please get as many eyes on the space by like
retweeting and commenting
Jim Jim welcome to what your global talks episode 61 I see most of the
speakers are on here are we still missing anyone let me pull up this no I
don't think so except for hey as he stays is already with the handle we will be
starting with introductions in a bit guys we are still missing one speaker I just
got notified so we will be going towards another song like retweet and follow
please also comment please we are gonna be having a great panel multiple
discussions going around with the speakers today we will be playing next
bang bang by by a TIFF musics and Leroy sparks
all right Jim Jim with three global talks episode 61 we are kicking it off vibes do
you want to kick it off today now you can fire hi ladies and gentlemen we will
be going towards the introductions we got a wonderful panel today guys let's do
with the following as the discussions today are gonna be it longer and it will
be about different topics you guys got three minutes each show your companies your
products afterwards we will be deep-diving into these topics so we'll
kick it off with Pavel GM GM okay so thanks hi everyone my name is Pavel I'm
the CEO of nomad fulcrum nomad fulcrum is a company that tokenize a fully regulated
Swiss based hedge fund so our hedge fund is generating profits on traditional
market on ultra liquid assets from traditional market we have some deals
with Swiss banks like Swiss quote etc which is giving us in access to
interbank market so we are putting our transaction in the same place where the
Goldman Sachs and all the big boys well which is giving us ability to make
profits on that so our main goal basically is to use our 200 one
strategies that we have been able to develop in the course of the last two
years to generate profits on traditional market and bringing those
profits to the to the crypto space to generate the serial yield that is going
to be converted here why it's important because right now the crypto capital
doesn't have much choice it can be deployed into defy protocols which is
basically investing into crypto or usually into very often into low liquid
assets or those defy protocols very often have the glass ceiling that they
cannot break so with having access to basically unlimited liquidity from
traditional market we can allow crypto capital to be invested on traditional
market without leaving crypto without offramping and without ever generating
a taxation event because if you are not offramping you are just deploying this
into the protocol you never generate taxation event so that's something that
we want to prepare and provide to here and one of the elements is also to talk
with over collateralized protocol to prepare and to create a new class of
assets that are going to be used as collateral for those over collateralized
protocol because right now if you are borrowing Bitcoin and then you provide
Ethereum as a collateral Bitcoin goes down you are being liquidated and then
we see all those headlines that the massive there were massive liquidation
in crypto because of a Bitcoin going down and it's not because of Bitcoin
going down because we are securing one crypto with another and there was no a
choice so far so we want to provide a choice and to make those over
collateralized protocols much more sustainable but the main goal is to
provide a way to deploy capital on traditional market without taxation and
about liquidating your crypto after all so this is what we do thanks and I
will pass the mic to the next person thank you sir I'm gonna go to
Hypersign hi hi hi website global thank you so much for inviting us I am Pankaj
from Hypersign I lead marketing efforts at Hypersign a little bit about what
Hypersign is trying to do we are a decentralized identifier and verifiable
credentials infrastructure built with Cosmos SDK and Tendermint it is based
on SSI or self-sovereign identity principles and also our did method is
recognized by worldwide web consortium that is basically the big boys of
internet like Microsoft and Google and all of these have formed a consortium
which basically defines how identity would look like on the internet in coming 10
years or so on so our stack is recognized by worldwide web consortium some
of the use cases that we are trying to solve for web 3 is number one on chain
KYC being able to prove proof of personhood and apart from that being
able to carry these KYC credentials or proof of personhood credentials cross
chain for moving it cross chain or being able to verify it cross chain we use we
had a integration with chain link recently that we announced earlier this
year so we used basically changing functions to move these credentials or
being or basically verifying these credentials cross chain so yeah that is
something what do you say a brief description of what we are trying to do
apart from web 3 we are also trying to solve some problems with decentralized
identifiers in web 2 ecosystem or enterprise for enterprises like we are
working with few government agencies in India to solve some of the problems with
data sharing and how identity is managed so that is a brief description about what
type of sign is trying to do thank you love it thank you fam I'm looking forward
to the upcoming topics together moving straight into with NASDAQ's hey hi hi
everybody thanks for the invite we are tokenized asset trading platform what we
do is that we help companies or any projects right to tokenize their their
project or their companies or whatever asset that they have right on the on
chain and what we do is we help them to raise fun in the in in a legitimate and
also most importantly we are a licensed provider where we help them to raise fun
on the on the exchange and help them to tokenize the asset and and build the
entire the entire six ecosystem on on the security and also most importantly is
to make sure that they are licensed they are also superior dies for for superior
platform love it thank you fam gonna go to red curry hey hey hey thanks thanks
for having having us I'm Emma co-founder and CEO of red curry we are creating
kind of like money so under under the new regulation in Europe me cards basically
the asset reference token but but it behaves like currency something along the
lines of high x private money and our mission mission is to create an asset for
better view future to complement Bitcoin which would be as easy to use like
Bitcoin at their own and but at the same time would be built on a robust legal
framework for for security and transparency and then stability and
that is then routed into real world assets like the highest class
commercial real estate in Central Europe for example always yield generating best
a class locations etc etc so and you can imagine like we are all are
struggling with inflation over the past years now imagine everyone who is like
in Turkey in Argentina or other other other similar countries where the it's
double-digit whatnot and then the underbanked unbanked so from that then
to then actually being a Lego piece in the in the DeFi system as well like
I'll just told as well that that imagine these kind of assets in the as collateral
in stable comp protocols etc etc so yeah red curry is a digital asset back with
real world real world assets hopefully later stages also we will have green
curry nature that would enable everyone's access to stable wealth
protection to complement other great assets like Bitcoin etc thanks love the
interest sir of the intro looking forward to hearing more moving to our
technical difficulties we will be moving to prop base hi guys pleasure to be here
thank you for the invite and it's great to see either land sponsoring the event
so I'm Kevin ghost I'm the CEO of prop base prop base is a real estate
tokenization platform building on the Aptos blockchain and our focus is in
Southeast Asia we tokenize hotels and resorts namely managed by you know third
party internationally globally renowned hotel operators such as Windham Ramada
Hilton and yeah I mean all the benefits associated with tokenization so we've
reduced the barrier to entry we reduce fees we provide better portfolio
diversification better liquidity on the secondary market all the key I guess
underlying benefits that tokenization offer to real world assets we're
implementing onto our platform we also have a native utility token this is our
platform token it is used as a uniform method for all smart contract
interaction all platform fees access to new listings it's called props and yeah
we're happy to be here today and you know contribute through our own
expertise in in what we're doing and share you know how we're approaching the
market and I do a lot of these AMAs I also think that you know this space is
evolving so fast I've been in prop tech for you know 12 15 years I come from the
the property portal world which are you know if you're familiar with the United
States you have platforms like Zillow or UK you have right move and I see
you know tokenization through real estate investment is as being the next
wave as a better alternative to traditional real estate investment and
yeah I think you know it's nice seeing you know a lot of pickup in the industry
over the last six to twelve months because I know there's some speakers
today on the call such as Dennis who I know well who's who's been in the
industry for for quite a while and and has achieved quite quite a bit and
you know now I see you know it this greater adoption is really better for
for everyone well thank you.
Thank you Kevin guys that is a good thing
mention your name so that we can actually call you by your name instead of
just the project I'm gonna go to DPE BST DP block square
hi thanks thanks for for having us inviting us to the space Dennis here to
block square thank you Kevin by the way for the kind words so block square yes
we've been around since officially since 2018 unofficially I would say late 2016
17 were in the idea of tokenizing real estate in a formed and we found this
recipe of how to transfer legally value from a specific real estate asset onto
tokens today we're you know a company tokenized almost a hundred million worth
of real estate assets across 19 different jurisdictions and we can observe as the
market by providing infrastructure solutions to our partners so basically
we're building out this whole ecosystem with partners that come from different
parts of the globe that have a different edge on their local real
estate market because real estate in essence as a business is very localized
you need to really have access to the to that market and the opportunities on
that market and and on the other side you know there's always a gap in terms
of understanding how how tokenization works and you know how this needs to
be done so that it's safe for the for the consumer at the end anyways really
really happy to be here and then looking forward to the discussion think thank
you Dennis before we go to our final introductions guys this space is
powered and sponsored by etherland there are is $300 up for giveaways guys please
like retweet comment on the space but also follow all these speakers we will
be having a wonderful debate in a bit of course they will be cooking even more
and releasing more information as we go along moving to stasis
hello there about three community and thank you spring roll for having us once
again here well stasis as a European web-driven tech
tokenization firm we develop customer-friendly instruments to manage your
digital currencies and public blockchains for payments settlements
e-commerce defy all of that with elegant simplicity I'm the C-mode stasis and I'm
happy to delve deeper into the subject and not longer than three minutes I
guess for now well our firm wishes and manages the eras this is the largest
the legal stable quote it exists upon 175 countries audited by the video or the
most known auditors in the world all your assets and your ass are baked on
one-to-one basis with liquid euro balances or cash reserved and held to
the Athenian Central Bank besides stasis euro or your ass is one of the
oldest your civil coins in the market with over six billion of euro value
transferred on chain across a match of blockchains while today we support seven
blockchains and we're on a mission to add more of course to add different user
base and more clients and we are ultimately on the mission to bridge 16
trillion euro economy to the blockchain ultimately to unite trade fight with
the digital asset realm well initially eras emerged from the recognition of the
gap in the market for a reliable transparent and trust in stablecoin
unlike other stablecoins that are offered back to the US dollar eras
provides a Eurocentric alternative offering benefits in terms of currency
stability relevance to European markets and of course trust because we've been
in a market for almost six years after now stasis takes narrow banking to the
next level by dramatically reducing counterparty risk by limiting it
solely to central banks which are institutions designed to be fail-proof
and any circumstances where our company provides customers with unparalleled
security in this groundbreaking configuration thus guaranteeing that they
could retrieve ninety nine point ninety nine percent of their funds and any
imaginable next one scenario which exceeds the standard insurance level of
hundred thousand euros provided by conventional banks well now it's pretty
straightforward to open an account with us of course there's a QIC there is no
QIC option which only takes a few minutes to create an account and
access our services to purchase up to thousand euros per month without
additional raw blocks so thanks again please follow us check out stasis.net
check out our services happy to be here once again love it thank you for the
intro that was a lot of info I am taking notes last but not least of course we
got ether land Lexus behind the mic yes exactly so thanks to all of you for
being here today thanks also for our cause really looking for us what is
space having always to share great insights from every side of not only the
ecosystem but also different perspectives I see with we have digital
identity we have traditional RWA real estate we have stable concept Russell
lot of variety and really looking forward for this one so I'm Alex see
the CEO of Easterland at Easterland we are developing the world's first
decentralized and encrypted data storage and management solutions for real
estate professionals which we enhanced through adding an on-chain
identification layer working as well with the ID so unless our pace a person
we are on our side using the polygon ID standards but it's kind of the same
watch by the W3C etcetera and everything is integrated very well all
standardizes around and which is very powerful with the system is that it
allows not only to cure and resolve most of the real estate professionals
issues with managing documents time they lose finding documents because their lack
of traceability like of history as well no versioning also maybe they may
lose them because they can find them etc so it costs them time money probably
transactions they can cost the money in sanctions from regulators as well and
in that ecosystem well our management solution solves all that and
especially in like some very well partitioned environment like the asset
management realm where there are several actors that need to access the documents
excuse me buildings documents and they all need to have their own legacy in
terms of legacy usage all needed to have their own tunnels for each document and
type of actor well now with our system there is no need for that every actor
is identified they have accreditation levels are natively granted to them to
their ideas and when files are emitted and stored they have also these
accreditation levels natively added in metadata so it means that as soon as a
document is brought to the storage ecosystem every actor can write access
it instantly without having to go through authentication having someone to
vouch for your access etc all over again so it's very efficient it is a great
deal especially in like the asset management ecosystem or one of our
upcoming POC which is smart building ecosystem is also a solution that as you
could probably tell works in all environments that are very okay I say
data-heavy and so that's also why we are a pretty open to open to other industry
fields like we have other reach out from the automotive industry or maybe the
art industry those are also the kind of industries that are very powerful for
technology so yeah that's about where we stand and we are pleased to get
this rolling who are loving the intro Alexis guys he's very open we met an NFT
Paris great guy so just slide if you are more interested in ether land either
from a company perspective or from a social perspective slide in his DMS
shoot him a message and get to know him I do see we have our crypto talk you
are reacting again sir would you like to introduce yourself yeah absolutely
hello everyone this is Tanishk here from our crypto talk we're all about building
a community where we educate and share exciting new projects and the RWA
narrative is something really close to our hearts and we have had some great
discussions about it in the past as well so can't wait to chat with all of you
guys today and also huge thanks to Alexis for inviting us today to join the
space loving the energy fam looking forward before we get started guys I am
looking at the like comments and retweets where 44 likes 37 reposts let's
get those numbers up we're gonna start with the first topic which vibes will be
pitching in a bit but of course like retweet and comments and get as many as
on this space vibes stage yours GM GM guys our audience so yeah likes bring
or said to the audience if you can like retweet call some people in there is a
giveaway of $300 rewards probably for questions more than likely so put your
questions there also follow every single speaker I've seen a few people following
my account which is amazing but also follow all these speakers because not
just for the giveaway purpose but they're probably gonna have really good
insights in terms of web free and if it's web free that you're interested in
get to know these guys okay so today is gonna be a little bit different we've got
normally what we do we hear a question everyone has the answer of the question
and then Bob's uncle we probably got about an hour and a half of the spaces
which is mega so what we're gonna do we're gonna we're gonna I'm gonna
basically talk about topic very briefly of a question in essence but the topic
of the question will probably be broad where we can have some sort of a debate
about it so obviously we have to think of a debatable subject to start
talking about so um the first question that we we we we thought up was um
regulation it was a topic that I think someone mentioned briefly in their
introduction and something that was spoke about yesterday and all I want to know
really is what does regulation mean to you and whose regulation do you need
approval of if regulation is something that you need or not we'll start with
NASDAQ with this okay well regulation from our standpoint is that depends
where are you locate where are you located right so jury's is actually
jurisdiction centric as far as RWA is concerned right where we are doing
tokenization we are licensed in a in the jurisdiction of Malaysia and also
Philippine so therefore regulation from our standpoint is to fulfill and also
making sure that whatever that we tokenize whatever asset that we tokenize
are in line with those jurisdiction so every jurisdiction will have their own
rules and regulation whether that's going to be that in the US or whether
that's going to be in Asia so from our standpoint is to fulfill the regulation
as per what we are required from the regulator who has given us a license
that's my perspective sick does anyone want to time in on that
for base yeah sure happy to happy to chime in I think NASDAQ you're pretty
spot-on with with with ours as well so a little bit about us I mean we have two
securitization vehicles one in Southeast Asia I'm currently located in Thailand
and one in Europe in Luxembourg and yeah I guess it depends on who you're
soliciting you know the underlying tokens if they're in our case property
tokens which are classified as securities how you're soliciting them even your
reverse listening making sure that you're compliant with all the legal
and regulatory framework in where you're actually incorporating the asset
but also making sure that you're compliant for where the assets also
located so you to us sticking close to the regulations in regards of the
countries that you situated which tend to be Asia at the moment is that correct
yeah so in in my stance and this might if our community of listeners are kind
of from all over the world Southeast Asia myself being an American but living
in Southeast Asia for 15 years is a Southeast Asia I'll tell you it it has
relatively progressive framework and stance on cryptocurrency and blockchain
technologies that's that's first and foremost that's what I've seen you have
countries such as Singapore I I'm not a professional in Malaysia but you know
they have consumer protection laws you have you know Vietnam you now have Thailand
Thailand in particular just elected a very pro crypto prime minister they've
done tax breaks for investment tokens they've done tax breaks for crypto
profits so you have within Southeast Asia kind of what I see might
potentially be a leapfrog in the sense that what what usually gains traction
in the United States or in Europe first you know gains quite a bit of acceptance
within within our region and then relatively transforms into something
maybe you know more progressive or or in its own form and you know with the
population here I think we're looking at 650 million I know that NASDAQ's
mentioned Philippines there are like over a hundred million people Vietnam's
you know you know Indonesia huge populations right and and you also have
the highest crypto adoption of anywhere in the world so you have to X the
global average I think Vietnam is the highest maybe in the world at like 22
percent of the population has interacted with cryptocurrency created a wallet or
traded a crypto on an exchange so and then you know from from an asset
tokenization perspective you've got a high demand for real estate investment
you have a lack of other alternative investment options so tokenization can
be the way you know potentially forward to provide that that that alternative
solution and honestly to a much younger addressable market size I was gonna
say what's interesting is most of the countries that both of you guys are
associated with have got a lot of room for growth and the ability of onboarding
crypto to a lot of these countries gives them a financial standpoint compared
to when they were having everything was picked to the dollar so breaking away
from that system allowing growth and allowing people to to progress in those
countries where the government will will be more lenient I would say to
obviously bring trade and bring an economy to those countries but what
would happen in let's say the US or somewhere in Europe that's why I wonder
because the laws in I would presume I would assume that the laws on some of
the Western countries might be a little bit different and not as easy am I
correct is anyone from from either Europe or America I am I'm Europe I can
I'm Europe yeah either one of you guys time is okay as well
okay so yeah we based based in Europe we we development base for us is in
Estonia talent and then our foundation is all the posture and for us sets
regulation is obviously super super important particularly keeping in mind
that what we are trying to pull off something something that behaves like
currency so and we we started to design our the whole concept and legal for
legal structure before Mika was rolled out and then then it and everything was
well a couple of years back so so navigating this secure becoming a
security was it was a was a big thing now Mika being out over that offers us a
lot of clarity on that front which is a good good thing although Europe
probably other other other speakers can obviously chime in but we're quite
concerned still because there are many many other layers that Europe is working
on so no one really knows what future brings exactly but we're still hopeful
so from on the issuing and then securitization side I think we have
some clarity and the other part is which Mika also addresses is the
distribution part whether you are like the group asset service provider or
virtual asset service provider and that's where we work closely with the
distribution partners we don't want to be distributed for ourselves for example in
our case so yeah I think Mika made things a bit easier
I read Curry you said something very interesting there as well with regards
to new regulations as the new ones will be going in somewhere end of this year
I believe and the UK regulations are also coming in so I'm very intrigued as
well thank you for your input on that one I would love to ask Dennis in this
one to see what his insights are on this one hey thanks yeah Mika is
something that we've been you know a legal team has basically been looking at
since its inception and seeing how it's being shaped for our purpose you know
we provide a whole framework of how to tokenize a single real estate asset to
our partners and obviously it needs to be done in a compliant manner so on one
side the technology offer needs to be compliant with certain regulation that's
you know in place already so you have on one side for instance things that matter
in terms of identity like GDPR and then you have you know in terms of money
long anti-money laundering regulation so you know you need to produce or offer a
system that you know enables a user to kyc or mandates a user to go through kyc
in order to be able to kind of purchase and hold this real estate tokens and
and then on the other side you have regulation that regulates securities you
have regulation that regulates trading of securities and so forth and when you
kind of combine all of those together it becomes really really hard to create
an efficient product that customers will love and I think this is kind of the
biggest challenge is how to bring real-world assets on chain because the
kind of ecosystem in web 3 is used to a different environment where you know you
can enter an investment without saying who you are you can you know do it
completely anonymously and that's you know a friction point and then from
there on there's other points of frictions of friction so our challenge
was to build a system that will be potentially compliant or this compliant
across jurisdictions so it required us to create a way to transfer real estate
value on tokens with you know in in a way that doesn't directly trigger the
standard laws on securities on traditional securities being tokenized but
on the other side leaves a bit of gray space because what is being tokenized is
the economic rights that derived from the ownership of the asset and the
tokens are not shares in an SPV but they give you legal right in this economic
rights in the asset itself and that creates kind of a token that in some
markets will be regulated by the financial authority as a security and
will you know there's going to be certain things in post thankfully with
in Europe with me come this will be kind of standardized across all
jurisdictions so you won't be have situations that you have now where one
regulator says one thing and the other one says something else I think that's
gonna create more clarity and I think regulation is here to give us clarity
of how all the players need to behave so that customers are protected in the
do you know what I find interesting yeah just just just hearing NASDAQ pro base DP
and red curry and it was amazing how quick and this ain't an issue whatsoever
with pro base and NASDAQ and you can even tell from their tone of voice it
was this is not an issue at all where with red curry and DP they they seems
to be a bit of uncertainty and a bit of being unsure and and that in itself from
both of the answers not saying the reason we aren't sure is because no one's
clear probably because the people who are going to make the laws probably don't
really understand to the depth of what this is and they just take little
highlighted bits and yeah whereas obviously Asia seems there on that growth
trend it's coming in we get it let's keep it moving which is something I've
noticed myself in the UK so okay cool um stasis stasis stasis yeah I'm still
here thank you for the stage well that was a lengthy story because the
company originated in Malta and they actually helped not I I was not a part
of the team back then but in 2017 they sort of the firm and they helped to
shape the laws emerging you know European legal system so I would say
people were at forefront of this emerging legalization trend and they
envisioned that my co-regulation will arrive sooner later and you know the
whole need of transparent euro-tied asset was to actually bring clarity and
transfers to the market back after you know this in famous ICO era and it's
so they will know that's my co-regulation something similar will
eventually come so they navigate it carefully and of course to be compliant
with upcoming regulations they've been a lot of work on the you know background
done with the years so for now long story short we face like 12 companies or
so doing quite the same product yeah the euro stablecoin but a different set
of benefits pros and cons and I would say yeah we provide more benefits to the
end user plus we are one of the actual legal issues we applied for license in
Malta in advance and pretty sure gonna get it in time before the deadline heads
in June and as far as I know only a few euro stablecoins provided will also
get in time otherwise many projects will face fines or closure at some point so
it's becoming pretty strict and challenging to operate in European
environment but we do see that's beneficial the long term I do think
that clarity is what crypto world still lacks of over the years we try to
educate you know decision-makers clients institutional of the need of
stablecoins the need for transparency as we said it as a cornerstone of our
business we have four streams of verifications right now we issue daily
statements one of the verifications verifications of onboarded entity on
demand like it's on the website just go ahead and see for yourself and we
think that it's still undervalued in the crypto world so to sum this up I
think that Micah is good bottom line the need to comply is good of course
you can go nowhere without QIC we do provide enough from services and of
course QIC is there but we strive to make client registration efficient fast
when boards retail clients within 24 hours when board companies within two
business days try to make a less for hassle more about efficiency so we
allow people to buy your ass with different methods to sell your ass into
30 plus different currencies and we do not consider ourselves being just they
you know stablecoin for Europe despite 80 or 85 percent of clients they come
from your zone we have our major chunk of clients they coming from Latin
America Asia Africa emerging regions and which has been listed on some on
rap exchange based in United States happy to explore some of extruding use
cases there just across the pond so yeah it's a global assets the global non
USD assets so it needs to be legal of course right now we support as I said
175 countries of course there's you cannot really overcome them because
there are some rules you had to adhere to the end of the day try to be you
know in balance with the systems and we've been good so far
Stasis you you made you did say exactly that's a global asset and that is
something that I am curious about with with also the remaining speaker still
as we are going towards the US regulation as well because in a way of
course the US has had moments where they actually find companies outside of the
United States so when it comes down to regulation with regards from the US how
have you guys been handling this are you guys already preparing for it or you
have you already taken care of certain aspects of it in the upcoming year
powerful you've been awfully quiet yeah I was waiting for my five minutes on the
stage so how we are handling that so in general the regulator report is a complex
matter from couple of reasons you can have a business that fulfilled all the
regulatory requirements and you might have work on the b2b relation with
basically anyone in the world it's the same as having a software house and
software house help can have a client the business lines from all of the world
but it's getting much more complex when you start working with the retail
customers because there are always local retail customers protections
regulations and even in Europe every country have the different ones so if
you are putting on to that also the cryptocurrencies a vast licenses
financial regulations this matter is being much much more complex and for
that reason the regulator created those license that you can licenses you can
obtain like the hedge fund license banking license this and that to have to
have an organization that can under one umbrella under one almost unified law
handle those those clients under like banking law GDPR this and that later a
couple of those like global regulations but always that the problem is to
operate locally because for example even if you have like customer in Poland in
Germany and everywhere you have some like global laws that are being applied
to those businesses but also you have some local ones that you need to you
need to adjust to and that's the biggest problem of running the global
business and by nature all the crypto businesses are global because you are
on the blockchain you provide your services your tokens your stickings the
basic everyone that can interact with the blockchain so by being said how we
approach that thing we started from getting a license a financial license in
one of the most strictest regulators in the world which is a
Swiss one so Switzerland is very well known from the trust from a lot of things
that big funds big organizations family offices are have their base there
because there is a big security of the capital there is amazingly big and very
conservative regulator that is putting a lot of pressure on the businesses that
are running there and getting those licenses to be regulated in a right
way so we started with that because if we are able to fulfill all the
regulatory requirements from one of the strictest places in the world we might be
able to convince everyone else on the planet if we're gonna go out with our
product globally and work on the local markets as well that it's it had
been done properly so that was the first element that we that we did so
we focus in the first place on this traditional part of the business so we
applied for the license we were working with regulators speaking with them
explaining the nature of the business this and that so that was the the first
element then the second element was to apply and you know go through all the
Mika or the regulations that are just being implemented the UK one that have
been mentioned here the SEC is working in their own regulations the Middle East
all the things so we went through that and we selected that most conservative
parts of those regulations all of those and we implemented this within this
licensed business in Switzerland so we put like much more pressure that was
required even from the regulator apart so we can operate like in the Middle
East so we can operate in Asia so we can operate in Europe this and that
because like as you know Binance is available worldwide but like a couple of
weeks ago we've heard that a couple of countries banned them and remove the
centralized exchanges that's not bad so even if you're regulated you might
have those local problems so so that was the second thing so we we looked
onto what is going to happen in the future to be ready for that or to
have a plan and and to have all the operations and processes ready to push
the play button once those things are going to come to force so we can just
you know put play push a play button and be ready to do so so that was the
second thing and the third thing was that was the moment when we started to
do after those regulator elements to be sure that they will not close our
business up the two years of operation and being successful business and
saying that we are illegal to reduce the risk of such a event we did this
in the first place and then we focused on the crypto side by ourselves
because that means that we reduce most of the risks that might happen and then
we focus on the crypto business side and then that's not the way that's the
way we approach that that problem and that's how we how we solve that and of
course there was a whole structure of the companies that are cooperating in
between there's a Swiss there's a say not Singapore there is a Abu Dhabi
business there's an Asian one to have those light houses in those like global
places because like Singapore or Hong Kong is a light rose for the whole
Asia AG GM so so Abu Dhabi is a lighthouse for Middle East Switzerland
is for Europe this and that so we started with being in those places
having those regulations the first three version of that because that means
that we will not we should not have a problem in the future but no one knows
of course because we don't know how the regulators and everyone will will
approach the problem and we also separated completely this this
traditional part of the business of ours like the hedge fund which is being
tokenized after all from the crypto part so the crypto part is separate one
because after all if we are having a license which was a pain in the ass
like we need to spend a lot of time a lot of money to get that it's not
easy to get to be licensed like financially licensed so we don't want
this part of the business to be hard if something on the crypto part will
happen in the future so we always can close let's say this crypto part if the
regulations are not going to be okay and open the same element of the business
in another you know jurisdiction worldwide or just move portion of the
business but then the traditional part is not going to be harmed by that so we
are we were also reducing the risk by splitting the businesses like the crypto
part of the business and traditional so they are not interfering and not
influencing to each other in a bad way if something could happen in the future
so those were the measures and the steps we took to secure as much as
possible our business and to be ready to operate on that market in combining
those traditional part of the business that stratified with the crypto part
so yeah that's that's that's our way I love it
like very very very informative as well to know that you you split it within
companies all around the world to make sure that it fits those regulations and
that you're able to off certain parts if needed without damaging the full
structure thank you Pavel I saw if Elan already likes agreeing on that I am
very curious about their setup with regards to the preparations for the
upcoming year yeah so in terms of personal preparations like at the
company level and all the you know the regulatory business side we are pretty
aligned with what Paul said like splitting the companies for each
purpose and have make sure you know not everything is intertwined because of
course when we are talking you know the crypto ecosystem and then we have B2B
industrial applications you don't want to mix everything for different reasons
but that's what we've showcased on our website ourselves having the IP on one
side I think the businesses and the commercial applications on the other even
through business frameworks and yeah we are going to make to make maybe a
closing you know kind of point of view on this subject as we are not really
anchored to one jurisdiction and we are more distributed and also the way we
approach the business allows us to be not as much impacted by regulators and
regulations because you have to take in in consideration that for instance prop
base or those are you know RWA projects and even stasis that are doing you know
very current currency based operations they have to be a dominated somewhere and
have some way of you know being you know can I say in alignment with the
local regulations and I know in our case we wanted to digitalize the most part
of you know the real estate industry and considering that well of course we
had in mind like most RWA projects to do transactional to you know to bring
new tools to the transaction realm etc and have some impact on the transactions
of real estate and we realized it was not in our best interest to focus on that
part and rather to take a step back and just manage things from a data
perspective because if you if you take a look at it of course you know what
tokenizing real estate and fraction raising those is adding a new tool in
terms of the transactional realm but all this can also be you know all the
benefits of bringing new aspects to real estate and solving their issues can be
done from the data perspective since those are the two main I can say
entrances for the for the industry it's very inefficient data management though
there is a you know a very high level of data being outputted all the time
and requirements for this data to be treated known and also sorted and
distributed accordingly to all corresponding actors and on the other
side there are a lot of inefficiencies in the transaction part of things that
are also linked to data issues but even you know in the mechanisms what
fractionalization brings was not you know even thinkable a few years back so
that's in that ecosystem that's where things are and what's the issue is is
that if you're doing traditional real estate now you have to settle in one
jurisdiction and be surrounded by you know legal teams for that jurisdiction
and each time have to do your duty agencies to know that everything you're
going to do is going to be aligned with the current and local tasks whereas by
going to be to be approached in our in our case and providing solutions for you
know easing the management and thus you know if you look at the rain down
effect it's also going to accelerate the transaction but in a sense just bring
a main management tools we are not you know going deep diving into the
regulation stuff and we are we have just to benefit from the regulatory
framework of the companies we work with that are already well established in
their own countries in their own cities I don't know you call it regions it's a
rough or different countries and they have everything going good for them and
that's what allows us to just focus on the technology side and not that much
having to worry every time about what's going on and even it's it's
having the opposite effect because one thing we have been emphasizing on
recently especially we were a bit to be customers is the impact we have on
also easing the way for regulations and the new regulatory frameworks like DSG
ESG scoring which has been in all industries predominant and especially in
real estate where it's one of the lagging behind industries in terms of ESG
deployment and for those reasons as well and what we have noticed is the
way we are shaping things and the technology we bring will ease everyone's
mind both on the fear factor and on the on the you know daily burden you
have because one of the main influences is the transparency and that's what
everyone talks about when we are all fearing you know the regulations that
are being cooked by you know the Europe or the United States the
Assisi etc we don't really know what's going on and in that ecosystem well if
we can you know bring a framework of transparency and data availability for
everyone then it will work some way in easing some minds maybe because some
local testing of those frameworks will become you know more viewable we will
come to the more global eyesight and and yes and in that in that spectrum of
things well we realized how critical on every aspect and especially from the
most institutional point of view just the data management is what is causing
the more the most you know fear the most inefficiencies and putting the
most doubt in everyone's minds because no one really in essence you know no one
really knows what's going on no one really knows what's going to be made and
if if anything is going to be made no one will be able to see what has been
made and that's something we are putting ourselves into changing and we've
received you know great feedback from our institutional even and I believe that
see that is also going to be one of the most crucial aspects for alleviating
this share factor and enhancing the regulatory aspect of things pretty sick
pretty sick okay that was that was cool that was actually really cool and it
was amazing to hear it on all different aspects that was yeah I like that so
let's let's swiftly move the topic towards real world assets or our WA the
thing is with real world assets or companies that deal with real world assets
these these type of companies have been around for the past two to three years
and if we look at this just seeing it from a simple aspect it's you have a
house or you have a car and you attach it or clothing or tickets or anything real
world I suppose art sculptures you somehow attach it either via QR code or
an NFC chip or something similar to the Apple pod thingamajiggy that you could
yeah locate where it is so it's got a GPS in there so we've had the tech to kind
of do this what has been the friction part of of an RWA boom one or two
people within whilst we were speaking was saying onboarding people the trust
element of it obviously regulations seems like it's okay ish I suppose some
better than others but what do you think is the is the thing that's holding
the RWA sector back let's start off with Pavel okay yeah I can jump in because I
can agree with the statement that we had the tech before for RWAs on
traditional market because this is what I understood that you said that on
traditional market we had taken before for for doing RWAs and working on that
so I would explain that it's not true but also like RWAs in the crypto are
you know evolving for years like we have stablecoats those are RWAs
behind stablecoin you have like collateral in dollars so why I believe
it's not true that we had on traditional market the technology to do
RWAs couple of examples right now we have a stock market you can trace
stocks from Monday to Friday from 9 to 5 do they shut down the internet of day 5
or we're doing the weekends what's that was the issue no this is because of the
old legacy systems and because of the structure of how that has been built in
in the past with tokenization you can have a tradeability for 24 7 so so
that's the change that you will have this is not possible another examples you
can buy oil contracts on Friday and on Saturday the OPEC will cut the oil
production by 50% so we will have a very bad Sunday and on Monday the market
will open with big gap you know that you lost a lot of money and you can't
react because you can have access to your assets that you bought because
basically you are least taker of those assets you are not an actual owner
because they are somewhere else so that's another reason then let's take as an
example the Berkshire Hathaway series a stocks one stock when one act one stock
of Berkshire Hathaway series a cost six hundred thousand dollars this is a
Warren Buffett company yeah so six hundred thousand so there is no
liquidity no one is trading on that because if you need to buy one unit for
six hundred thousand it's it's not possible for like 99% of people but if
you can tokenize that and make an RWA from that you can fractionalize and
every retail customer with five dollars in their packet can buy a portion of
the share which means you can bring liquidity to illiquid things that have
been liquid before and that's that's another another example of what what
can be what can be brought to to this place then the trust element you
mentioned like we had some elements of that on traditional market and that was
named securitization I believe you all watched the big short so they were
taking the houses which were illiquid asset they were putting this into the
packs of tradable assets onto the market CDOs etc you watch the big short and
they were selling this trading this on the market the problem was that's the
article in that case was the rating agency and the rating agency was saying
all those houses are valued on the big price where in fact those houses were
valued on a very low price so the lie generated a big gap between what has
been said publicly and what was in the reality under the knee and that caused
the 2008 GFC great financial crisis because of this lying gap that when
everyone understood how big was it it crashed the whole financial market
worldwide so in here in crypto you can have oracles that are trusted third
parties and the informations that are being validated from everyone by
everyone so they can contribute to that and you don't need to rely on the rating
agencies by being paid by those that wants to do get this rating to their
assets so that's another element and the last example why that was that why
that organization is right now not possible imagine you are the European
guy and you want to buy a Tesla stock you can do so but actually you are not
buying a Tesla stock the real Tesla stock you are buying the ADR which is a
derivative on Tesla stock so you in fact are not an owner of the real
stock of the Tesla you are buying something that is like a derivative but
with organization you actually can buy and own the real Tesla stock if you
are in Europe or Asia or anywhere because it's being tokenized it's have
physical digital presence the system that we have currently on don't have this
physical digital presence they have there's number in the numbers in the
database that can be changed so it doesn't exist in reality on the
blockchain you have physically created those assets and they represent some
something that is underneath that they cover so that's why I believe that the
current systems were not suitable to handle that because the layer of
exchanges or the digital assets was in the database was not something that was
physically viable and created and the last element that I would tackle in
here is that you have hundreds thousands of different financial systems and those
systems are not connected to each other in most cases so for example if today I
would like to make a swap with you where I will give you for example a
portion of my stable coins for a Tesla stock it's not possible or if you I would
exchange a Polish stock company one stock for one Tesla stock review it's
not possible but with blockchain it's possible because this is one universal
underlying layer to make transaction and exchange any kind of digital assets so
that's why this is changing this heavily because then you can swap any kind of
asset from anywhere in the world even tokenize alcohol for anything else so I
can swap with you the ticket for a Justin people like concert and you can
bring me this Tesla stock or the or the oil contract the one that has been
issued on the blockchain or some kind of bond on anything we can exchange
anything to anything which right now it's not possible so that's my that's my
opinion but but but the tech has been there to do it is just the trust
element of people that it hasn't blown up I would have thought the tech was
there but the tech that the difference like because you right now can have the
Tesla stock the tokenize and not tokenize what's the difference between
that they're not tokenized Tesla stuff is a database record it's not physically
created it's not something that has been that it is something you can own the
blockchain asset that is on the blockchain something like that you can
literally own because it exists something that is in the database is
something that is not immutable that can be changed that can be corrupted the
database can be broken like everything they need to do backups you don't need
to do backups of the blockchain there is no need you know well you're saying
interesting things you're touching a bit on our subject so I'd like to put some
of precision over there the main endurance I believe and that's an
objective statement for you know the different sessions that in our WA you
have to differentiate the transactional part which you described and the data
part which are two sides of the same coin in that industry because if you look
at you know only tokenization for a transactional purposes well you have a
limited factor because if you take that fresh realization for instance and you
just look at this factor you can't fractionalize the whole of the reset
industry because then you know traditional actors won't let this going
they won't see the benefits for it if you know their own management structure
and the assets and their management can't be sold to retailers for their own you
know or can they say benefits like purchase a home or land the home
something like that you can always see that from the investor perspective the
benefits grants etc but in terms of you know real management perspectives in a
day-to-day context and scenario it's not possible you can't have you know the
whole of the reset industry fractionalize in like a few years because
in practical applications traditional reactors won't understand the benefits
and even retailers won't really understand what's going on above their head
why my house you know is owned by a thousand people why can't I own the house
myself so it's in practical application it's not doable like that and they
believe that's the that's the main thing we have to also consider that the
data aspect will be centric and what you said with Tesla for example well on
Tesla it's like what we have what we provide and that's what also where I
said it's applicable to all industry sectors or technologies like you have like
your service or can you say a maintenance book service book on your on
your car you have all these stories of what has been done to the car etc and
that's the aspect where you can have you know some level of tokenization
because of course this this asset will represent the real asset and can be
used during the transactional or can I say process but it's not going to you
know put any restraints or force any behaviors onto the customers or the
owners or the retailers the sellers instead is just going to provide value
and and solve a source of issues and that's maybe the thing we want to most
look out for in this industry I can agree with you 100% and the thing that I believe that
RWAs and tokenization the real tokenization that we will see in the
future will bring is the liquidity a bigger liquidity transaction ability and
and much more fee transactional fees to to the platform issuers because they can
make basically money on the transaction fees on something that was in liquid
before like the Berkshire Hathaway for example I think we're here we're kind
of really you know when we're talking about the adoption part I think one of
the key elements is understanding what ownership is and how is it structured
and I mean I fully agree with what has been said till now and I just want to add
that I think this is the key element for mass adoption of RWA because when you
are talking about a blockchain native asset the ownership part understanding the
ownership is just not your keys not your Bitcoin right that's that's the mantra
that you need to understand and even that you know sometimes is misunderstood
obviously and then there's problems happening but when it comes to real
world assets what is ownership right right when you're when you own the
piece of real estate for instance you have you know your name is on the
title but as soon as you sign a contract to lease that piece of real
estate to someone else you're giving away a portion of your full bundle of
rights and that is the use of the right to use it and the you know the laws are
different in different countries how this you know is you know what are the
obligations of the tenant and in under which circumstance circumstances the owner
can actually enter that property if it even can and when the owner can actually
evict the tenant because they are infringing the contractual agreement so
you're already giving away a portion of the rights and you need to understand how
that is done on in that particular jurisdiction for instance when we've
notarized a tokenization tokenized real estate asset which was done for the
first time in the world last year and we've notarized it by creating a
contractual agreement between the owner and ourselves where we lent the tokens
to the owner for the owner to sell the tokens on the market and that created a
transfer or a lien on the title it means that the owner still has the
ownership of the asset just like taking in a loan on a bank they're giving away
another part of the the full bundle of rights and that is the economic part right
and and understanding these layers is kind of the prerequisite when you want
to really kind of see mass adoption of I don't know tokenized real estate for
instance so I think I think this this is kind of an important topic to
educate the market on ownership and there's you know yes you said there was
different technologies available before but I really think that you know without
blockchain you really can't have this this thing that we call tokenization now
because you don't have a common let's say a common technological infrastructure
or a technological layer that can speak you know that speaks the same
language basically and it enables you know the transactional part the liquidity
part to be much more versatile than in the traditional legacy systems that we
have which are just you know very very one way you know one direction only
right here you have multiple direction and multiple possibilities at the same
time I like what you said there Dennis I also and etherland I enjoyed the
perspective of the tokenizing tokenizing data and Pablo made a very interesting
point about tokenizing items and that you could sell them globally now now
here's here's what I'm wondering when it comes to tokenization when it comes to
the regulation of that aspect what's you what item would you be able to sell
strictly locally and what which tokenization would you be able to bring
to that global level that's next cry cry I'm curious right all our projects now
let me let me go back to the point that we were talking about now the the
struggle and you were asking what what was it that made that makes it
difficult yeah I mean the challenge that we get around around tokenization and
also because these are real asset and most of the real asset are owned by
traditional traditional people right and they have got very little knowledge about
tokenization and let alone you know what we you know decentralized and so forth so
we have to do a lot of education and even assuming if they want to get on and
on to tokenization and the entire thing of bringing the asset on chain that
entire process right if you don't handheld them right most most projects
are most companies that want to get on chain is almost next to impossible
because they have no clue right and and not only that you need to get them on
chain from a technical perspective you also need to make sure they are fully
compliant fully compliant based on the jurisdiction where you're going to issue
the tokens so there's a lot of hand-holding and that makes it very hard
right and and once you get to the point where you help them to tokenize and
then you bring them on chain then there's the next issue with with liquidity
from is that you know you you can bring that to on chain what about liquidity and
that liquidity is a huge problem within within what we're doing in other I
think RWA the single largest problem is actually I mean you can talk or you can
right I'm bringing everything on chain and if there's no liquidity that's
that's nothing that that that's that there's nothing to talk about because
there's no liquidity that's basically a project won't fly in so so essentially
what we are struggling in I won't comment that for rest but I think the
problems are very similar right first you have to like comply with regulation then
you need to put up with guiding them hand-holding them for tokenization and
then you need to launch a token and then you need to provide liquidity these
are all challenge that we are facing right and in all our projects right now
we it's very difficult just to just focus the projects locally because a lot
of those projects that they want to launch like they want to tap on the
global liquidity not just domestic because domestic I think in most projects
they're very very limited and when you get into the market right now when you
talk about equity towards these projects on the RWA which is stable less
volatility right the the audience are very different and most of your audience
right are not your deejans the deejans are looking for a next 100 egg 1000 egg
whatever right and we're talking about most RWA most you right are in the
range of between 15 to 20 percent or maximum 25 percent at best at best right
in a in a current market right I don't think any of the deejans and crypto
investors are looking at it so so we are really trying to pitch this right to the
traditional investors right and that makes it hard because the traditional
investors are still really at the stage of learning at the stage of making sure
that you know the trust the trust element the regulation element and the
licensing element these are the question that they continue to ask us all the
time right and and also not only that right they have to make sure that they
are allowed right to to invest into this asset but in most in most jurisdiction
right they are not allowed because for simple reason right they can't put this
asset right on your books so that becomes a challenge if they can invest
into this stuff and that they can't put it on your books right then that makes it
very difficult so so there's a lot of challenge in what we are doing another
and I think a lot of a lot of us were in the space for our I think I I think
we are we are we are you know doing all we can right to to bring this to the
next level but there's a lot of challenge right that and also because
as I've said all always that we are really at the early stage where we are
all learning and trying to put things together right so so I hope I answer
your question back to you so anyone anyone else wanna chip in on this oh
oh it probates go ahead you go ahead boom two at the same time I don't think the
disruption is is happening slowly I think that it's it's happening quite fast for
for RWA I think it's very much sped up over the last 12 months while a
technical technically we've been there for a while you have the theory Emily
one right but that was 2017 to you know it was only until the the other layer ones
where you had smart contract deployment in 2021 right so it hasn't been a
significant amount of time but I think that I think that the value-added
proposition is there and what when I look at tokenizing real-world assets I
can only speak to real estate as that's my area of expertise there there's
four key parts of the business there's there's you know the technical and
legal there these are solvable problems right but in in terms of the the aspect
of acquiring the assets as as NASDAQ's mentioned and then distributing tokens to
those the distribution of the tokens right so can can you acquire good assets
bring them on chain and distribute tokens to investors who want to buy those
assets right that's the that's the key to the business right so yeah and when
you look at those four areas right the hardest challenge is first you know the
hand-holding in the beginning and in real estate is it's a traditionally a
conservative asset class right so you know and and and so I think it's in
markets where it's not needed example if a real estate developer doesn't need
cash and they can sell their asset tomorrow tokenization isn't
necessarily a viable option if a real estate developer wants to sell their
asset but can't sell their asset tomorrow because they're in a market
that doesn't have enough buyers then tokenization becomes a much more
attractive narrative so so but I don't see you know we have a lot of reports
that you know Boston Consulting Group you've got trillions of dollars out
there and I've seen this before because I've been trying to disrupt traditional
real estate transactions for like ten years it turns it disrupts but it
doesn't do so at the same pace as like other sectors would disrupt right just
simply because of the the underlying asset and the conservativeness around
the people who own a majority of that asset class right so so I see it as as
liquidity on the secondary market is the key as well and like how can you you
know get those investors who purchased let's say the initial tokenization of the
of the asset maybe they got in there in a kind of a discounted rate how can
those investors get get back out on the secondary market and that's kind of the
the flywheel and I think that that there's a lot of platforms out there
that are now beginning to emerge they're young prop bases is young I
think there's a lot of platforms out there that have done it quite well but
that's also why we're seeing like you know Dennis from blocks fair mentioned
that they they work with partners they they already have the asset or they
already have the distribution channel they just need the technical and the
legal framework in order to really bring the asset on chain but they
getting it in more hands of those people or or projects like prop base doing it
ourselves you know onboarding more real estate developers more users onto the
platform it's just a gradual process so I think it's happening very quickly and
I but I don't think it happens in in in such a parabolic state just because of
the underlying asset I have a I have a question for prop base yeah I mean
that's sexy now you you mentioned I mean I don't mean to challenge you but
now but now you mentioned that if good properties right are being snapped up
easily and and and and and those and property that that are not not you know
don't don't get snapped up easily they are good option for fractionalization
are you are the way right why would that be a good good a good property for
investment for for crypto investors I mean it's good right they don't need to be
fraction I mean they can get they can get so easy that's that's the problem
that's the problem I'm just I'm just no that's that I mean this is where you're
exactly what's the kind of challenge I get all the time yeah you're exactly
right right so the challenge is if if a if a if a let's let's let's take for
example a hotel right it's got you know 10% yield it's attractive it's got
international property management it's got asset appreciation five years of
let's call it an audit right that's a good asset right so you'd want to tokenize
that asset right so if there's if the owner of the asset wants to sell it
then and they can liquidate that it with because there's tons of funds or or
investors who are willing to buy it it's harder to bring that asset on chain
from from from a project level for because you already you can already sell
the asset right the challenge is bringing good assets on chain and and
in terms of where does this lie it could lie in markets where well we're in
Southeast Asia right so we're in there's a high demand for real estate
investment there's a little bit of an oversupply in terms of real estate
developments in some countries in the world Southeast Asia Thailand Vietnam
some of them being one they are good assets but developers can build more if
they offload those assets therefore they can they can reroute the funds associated
with that to future development projects and kind of a win-win in each way but
if I am you know if I have a bread store in in the south of France and and I
can sell that because you know that property hadn't transacted and there
would just be 10 to 20 buyers it's hard to bring that asset on chain because
the seller isn't motivated to do so maybe one thing because we're talking
about this real estate topic I will be short I promise but just to add to
what Kevin is saying and he spot-on in our research there's illiquidity in
every single market at least when it comes to real estate assets it just
differs from market to market and as well depending on the timing for instance
in downtown LA probably you can quite quickly sell a broker can quite quickly
get 10-15 buyers for a prime location business tower because there's a bunch of
investors there looking to to get the opportunity and there's not much supply
of that kind of real estate however when you go I don't know 50 miles out
liquidity becomes short for that type of asset so you don't find many of them
obviously but there's not you know a big line of investors trying to give
liquidity to somebody selling as well the liquidity question is a question of
pricing you know an asset might find liquidity at a good fair price but
an owner might not want to part you know and they have a certain demand so
the spread is big right and by tokenizing you can kind of you know
diminish those spread that spread you can you can narrow it you know make it
narrower let's say and and that's a thing where where we need to get to so
so yeah I think here we have in the real estate context you have a bunch of
markets they're not prime markets but they're suffering of the liquidity so for
instance Slovenia where I come from you know any asset above two maybe three
million of value depending obviously a bit on the location will struggle to find
buyers and up to 30 or maybe 40 million above that you have funds below that you
have individuals and in this spread which is quite big there's not many
investors around and so liquidity is very short and hence tokenization can unlock
the situation for many I'm gonna stop everyone right there fucking cool but I
don't want to keep it stop for too long hyper sign is so glad you actually was
ready to answer because I was gonna call you up next this is a web free global
talks episode 61 debate edition with RWA also powered by etherland who they will
probably spit their tuppence in a minute we're gonna keep this conversation
going guys for another I'd say eight nine ten minutes and then what we will
do is we will look at questions if that's been put in the audience to put
forward to etherland for the last like 15 20 minutes so we're gonna be going
through that also guys you know a lot of questions but you can also like a lot
as well so like and retweet get some more people in here because like I said
right at the beginning the alpha that's gonna be spat out here will be
absolutely unreal but without further ado happy sign continued it yeah no I was
just listening to the conversation wonderful conversation you know just to
my two cents on it right RWA is here to stay it's not going anywhere and there
are three things that I see as what do you say pillars that will like RWA will
stand on right one is there has to be transparency that is on the side of
being able to pull that liquidity there has to be transparency there has to be
that trust in people that okay this asset is safe and we are actually buying
the underlying asset and that as it actually exists in some other part of
the world right because it's not that it's local and you can go and see the
asset so here transparency and trust is number one pillar second is education we
have to educate new and new people like all the I guess all the web 3d agents
and everyone who has been in web 3 since 2016 17 or earlier than that many of
those are here right they understand what is RWA but for people for that
liquidity that we would or everyone was talking about right for that to come in
we have to get a lot of web to people into web 3 by people I mean that to
investors into web 3 and for them to come in there has to be a lot more
education there education is another pillar then regulation is another pillar
without regulation RWA cannot stand because RWA is built on physical asset
right every physical asset is supported by a regulation is like you buy a property
you are assured by the local law or international law if you buy an
international asset that this asset is yours you have full right to own this
asset sell it or do whatever with it so in RWA also that kind of regulation has
to come and regulation will start with according to us at least at
hypersonic there are two things that will start with regulation right one is
KYC and second is tax you can't really escape it it's inevitable it's going to
happen maybe today maybe tomorrow or maybe one year or two years down the
line right but regulation is inevitable so to support that regulation you know
being a little bit of what you say trying to push my agenda here but it's
not only about that we're here to support KYC on chain KYC wallet level KYC
if you don't want to do KYC we support proof of personhood for wallet
addresses so more than happy to talk to any project here who wants to look into
on chain KYC how KYC done on one chain can be proven on another chain in a
way that it cannot be exploited yeah so that's my two cents on it RWA is here to
stay it's not going anywhere and would love to talk to all of the RWA projects
that are here on on chain KYC offline should you look all sometime you know
would love to show you what we have built and how it could possibly help you
build that trust education and be ready for the regulation when it comes thank
you red curry yeah thanks thanks I've been listening and thinking thinking
deeply amazing thoughts I agree with with with everyone in general but uh so my my
kind of summary would be that it's never about just blockchain as technology it's
by the end of the day how we make this new tech represent the ownership more
directly so the link between like just the hyper sign said as well that it's
about like local laws supporting you that now this asset is yours now there
now that we have to see a shift where token can be linked to that and then be
the representation and so and then we have the more distributed lecture we
have an instead of Excel chart in someone's server so to speak we have
something that cannot be it's immutable so so that it's all about that but then
it's about accessibility that how how people can with one click two clicks
access everything so like for us here in the space it's natural to use metamask
but obviously we have still to go when when preaching between chains takes
sometimes ours so so it's it all boils down to that so the tokenization per se
on its own is not some miracle that creates creates liquidity the only query
creates liquidity when it actually is accessible for the new new investors
easily and then and then it actually presents the ownership so that's what I
think we are working here and then kind of relates to the questions we've
previously discussed here as well that why there we are WAA now gets more
popular because these elements are starting to get there and then probably
over the next couple of years we see this this billion people on on on change
so we see what we all are working for the more open finance so we start
shifting there and then we will have easily now on our fintech apps all sorts
of assets available and then like like previous speakers said as well that
everything is tradeable against everything and then so that's the
future that we are working for the two words I hope and believe thank you red
coffee man and stasis stasis stasis stasis stasis it yes he is yeah I'm still
there yes so we want my like closing thoughts on the subject right yeah
probably yeah because I can't really do this bigger study a lot of great people a
lot of great points have been discussed so it's hard to add value here I would
say like yeah we're not like Campbell project give me fire we are very serious
development business we have serious dedicated team people with decades of
experience in finance legal stuff technology I mean the majority of company
employees are tech people right out of almost 30 guys and ladies are like 20
of them are tech guys so we considered to be at the forefront of finance and RWA
and even though we sell a rise so this use cases like a five years ago only now
it becomes a real you know appreciated trend and happy to see the emergence of
that's in 2024 so far we part with two RWA projects in Q1 and we are happy to
see more partnership inquiries well surely facilitate that and I think this
year marks a few milestones for us except for the legal stuff I would say we've
been very active on the partnerships front plus the exploration front plus we
are building the ERS network which is a very specific and intricate subject I
would say it's long story short and intuitive to silver gate network which
I guess you guys are we're off so we just want you to visit our website
stasis.net and explore a few sections there we just upgraded it we shifted the
block from the medium to the website plus we opened a partnerships and
ecosystem page so you had to ecosystem page and you see partnership benefits
there we just not you know invite people to part with us for some
marketing to visit the visibility there are actual financial benefits to network
participants and I will not steal your time talking about it for hours but
please go the website see for yourself to make an inquiry we'll be happy to
chat about it hop on a call and answer your query probably will be a
partners and of course I'd like to add that stasis will also support any
transparency initiative within the space with a local or global as I
mentioned we are not just Euro tight project we're happy to see the emergence
of global narratives for Euro stable coins I'm not sure if you read latest
reports but 99% of trades they happen still happen in dollar denominated
currencies but I think that we'll see the transformative shift from the dollar
to hero another local tight currencies within five six years I mean Deutsche
Bank and other institutions they predict that your currency has at least like 10
fold yeah opportunity to obtain growth I mean for ourselves we had a hundred and
thirty five million of your assessed in circulation at the heat of last
bull market but we expect that with this gap we could potentially tap into
billions within the years there will not be dozens of your stable coins like
pretty much with internet providers or car manufacturers or other examples you can
take from the last centuries from the start there are like several praise
down by a hundred of players in specific sector that nurse down to only
very few specialized providers so I'm sure that's competition can it be trust
but end of the day only very few providers will exist yeah so let's the
I precise I see you come off mute do you still want to say something yeah yeah so
I just wanted to chip in and say that I will have to leave for another call like
I'm already late for that call I didn't expect this to go so long but love the
conversation love all the projects and I will be listening to this space is the
remaining part for that alpha that you were talking about so I'm going to
listen to it after my after I finish my call but right now I'll have to drop
and apart from that any project in here wanting to collaborate with us partner
with us feel free to shoot a DM we are all available here whole hypersign team
is waiting for you love to love would love to support you on on J&K YC
initiatives if you want to take some be ready for the regulation before it hits
and thank you so much for inviting us with three global love the conversations
here last one this one and we would love to support more thank you so much
but I love to love it thank you so much hyper side man thank you so much I was
gonna say quickly because what's nice is said it's and I'm just gonna give my
little take on I may probably regulation and onboarding the world is changing it
really is changing in all aspects and there was one Ted podcast I was listening
to and he made a very very very good point that there's three different type
of economies or status or law in the world one of them is security which is
weapons of arms second is is GDP economy which is exporting and importing and
services of national products so that's where the land and land law or the law of
the land will probably come into play in multiple countries but then there's the
digital law which people are still trying to figure out why they really are
and that digital law seems like it will probably end up being a mishmash of
everything which would then be universal that's what I'm looking forward to in the
next five to ten years is if if digital companies are strong enough to oversee
national law so that's that's my little take on the end and spring roll man far
away I mean you you said something very very crucial like we are in the phase
where it's exploratory things are changing that also means of course
different entities can pop up and all of a sudden really play a part I have taken
the liberty hence as well to look through the questions in the comments
we've had a lot of questions based off what every single speaker has been
talking about picking a question out of it that actually would be able to be
answered by everyone and fit in the narrative took me a while but I found one
from sake hero and this one is actually for all the speakers as well so how does
tokenization of RWA contributed to democratization of finance and what
potential implications does this have for financial inclusion in the global
economy I kind of think this this fits in with what vibes as well was
mentioning with how how things are changing would love to kick it off with
the sponsor of this space ether land yes so that's actually a good topic
because I was going to give a sort of a landscape I wanted to give a sort of a
landscape of the industry to know exactly what we were talking about and
what each impacts of every action we all do here can have and the you know the
financial opportunities brought by tokenization came that go in that in
that regard as to of course you know the slack I explained earlier there is a part
of the market that is going to be opened through enabling new ways of
transacting real estate first on onboarding smaller purses but also in
making transaction more efficient and there's one thing we often say in our
case the way we can accelerate all the transactions through by having an ever
availability of documents is going to be pretty substantial and for sure going
to modify the users or can I say behaviors but yeah to give a little a
little take on the old okay say landscape and to see where everyone is
going to be behaving and maybe inputting value and it will also answer your your
okay say your question because this part of tokenization transactional one is not
going to be the major one though it will open new opportunities one thing we have
to look at the tokenization in the global tokenization of real estate by
no current standards we are looking at 2.7 billion of current market value of
tokenized goods by 2030 we are expected to be at 3.2 trillion so that's a very
huge asset pool and we have to look in that asset pool who benefits from it and
who are the actors that are currently holding the real estate that is going to
be tokenized and that should be tokenized because yes 3.2 trillion is a
very important number as you can as you could guess and in our ecosystem
well we have had the chance to look at both sides so either you know through
southeastern Asia or but also you know the African continent the American
continent and Europe and we have in Europe in the United States there are very
traditional actors that follow a certain structure that is somewhat the same
around the globe when you see what can I say a real estate company with a
real estate agencies selling properties this can be people selling their
properties but you have also to look take a look back and consider that all
those agencies even if they are just you are just seeing them as a local one
are in essence if you go up enough asset managers that have their own pool of
assets under management and it goes mostly you know for buildings and all
kind of landlords agencies even though they can be the same process of as well
for for houses and so who are these actors and what does benefit them so of
course most of you have said is these are traditional actors they don't really
want to tokenize so what do they need well they need real value and added
benefits because it's good you know to talk about education it's a rabbit on on
top of it you know what is education it's raising you know how can I say
awareness to some people about what they can be benefiting from if they are not
just noticing it that can be the case in our in our in our case you know they
don't they don't really see the benefits and so and so what do they
need what are two things there is the transaction part that most of you solve
because there are web to transaction mechanisms that are very
inefficient but there is also what we said and what we saw which is the lack
of documentation and the lack of transparency and on the other side
there is the regulation aspect we for example the same issues in production so
there is no traceability the process are very slow and they need accelerated
processes and on the other side there is ESG with all the live data they
need to be ESG norms of the same of the same type and there is all the live data
they need to assess all the ESG deployment and all they are you know in
the alignment in alignment excuse me with the regulations and what the
pressure points are needed for them to be meeting those regulatory goals and
of course obligations and in that in the specter of things you know as you
could have noticed there is of course a room for web to for a free
excuse me transaction mechanisms but most of it and it's what you know the
industry needs really really intensely it's what will bring them real benefits
and as you can see there is a huge part of it which is accelerated processes live
data pressure points on those that data so data analysis which can be brought to
so by AI but they are relies on data because AI can do analysis if it has
no data to analyze and this overall lack of documentation availability lack of
transparency so of course if we're taking the whole market tokenization can
bring new opportunities etc and fractionalization as well but if we are
going to be looking at a whole onboarding there is a new market segment that is
going to open and this is you know the data availability transparency and for
that I believe everyone needs to work and in hand of course because even web
reactors might need to see what they can bring on this aspect as well I like
how you I say that it is about working together within the space as this new
sector develops and I have to we have to thank sake he wrote Charlie for for this
question please DM what three global for further information about the price
we'll be going to JR he has a question about ether land specifically where he's
asking how does ether land approach to tokenizing real estate assets differ
from other real-world asset projects and what are the key benefits and
potential drawbacks of using ether lands platform for real estate tokenization
well like I just described so I guess it gave quite most of the answers we are
not doing like purely transactional or can I say benefits so we are not
offering smaller bits of real estate to be purchased for a smaller process what
you are doing is trying to change the overall transactional process going up
and then running down on everyone up to the retailers because you have to
understand we cannot change everything by trying to go to every door and saying
do not to tokenize your house it's going to fasten the process for the
next person that is going to purchase it it does not work that way so that's
why we have such an extensive insight on both regulatory bodies institutional
bodies and asset managing bodies which are the three core elements of the
real estate industry because if we don't work with them and we don't manage to
integrate all their assets and most of their assets into our system then it
won't come running down to most users because as we said
earlier despite this side of thing in the as a user the most benefit you can
see currently is from our colleagues that do tokenization and
fractionalization over here but on our side we are betting on a transformation
of the industry to be able to have a very sane framework for everyone and more
transparent framework in the upcoming years so our benefit would be more if
you are like a huge manager or if you have a building other management and
you have for us I'll take the ESG example if you have a building other
management you are going to be required to meet some ESG practices and so that
means that you have to manage your your tenants and if for instance you manage to
reduce the energy profile of your building but one of your tenants is
consuming 50% or 100% of the energy he's supposed to consume you will have
penalties and our ecosystem will allow you to you know figure that all out and
find ways to actually solve these solutions in efficient manner maybe by
you know working some ways around it or having you know technological
integrations to reduce the energy profile of your building etc rather than
just being met with the fact and not even having the availability of data to
realize that in the first place so that's you know what you can see for
now it's just it's just if you are major asset manager if you have major assets
under management that's where the most problems we can solve are arising
because you have so much documents to manage for one building or for a set of
buildings that it costs you a lot of time it's just a lot of money and of
course there is a lot of information that you can't have and it will keep you
from meeting regulatory obligations sick I I would like to thank gr and also
Alexis thank you for answering this one there is one thing that hasn't been
mentioned yet and that is the eland token the ether land token I'm getting
quite a few questions here in the comments about this one of them being
from Sam Bitcoin mama one about how does the expansion of e lands token
utility target all land properties to align with the evolving landscape of
blockchain technologies and decentralized finance so this is a little bit less on
the data I believe and more on your token yeah so our token it's a bit like
a belief prob base as mentioned we have a utility token so it's mainly meant to
be used in the ecosystem and to pour some services in some applications while
having a set of benefits of so far its users and so that's the thing we are
developing with our crowdfunding that we will by the way soon be providing a lot
of documentation about all those mechanisms but we have a very
interesting reward mechanisms and value propositions for that adding also an
empty components the AOs traditional you define mechanisms and all kinds of
taking voting and even bounty programs but that will anyways be can I say just
a part of it and for the retailer part of it the ones that are following us our
crypto community because when we are going to launch our commercial platform
anyways since we have a utility token well every actor will have some level
of implication in the eland token whether through a conversion of their fiat
currencies into crypto currencies and then eland to purchase to perform some
actions also have reductions in some services etc and that's also a very
good thing that actors like stasis are in the space because they are actually
also easing that process of an honor and being traditional actors to the the web
free ecosystem and that's a maybe you know the thing we need most to need
okay listen to provide value to our ecosystem from that part of the
industry love it we are slowly coming towards the end of the spaces vibes do
we have time for one more question yeah but probably have time for one more
question but before we do that question no we probably haven't got time for one
more question we can we can go around the room and allow people to have their
parting their parting speech towards the audience I think that would be cool
before we do do that this is web free global talks episode 61 our WA debate
edition where it gets hot and spicy and sexy this is powered also by etherland
who also gave $300 worth of rewards and also 20 general tickets in this space
all you have to do for that is to follow all the speakers including myself imagine
that follow the speakers like retweet and comment on the on the post and you
guys will have the ability to win one of the following with the guys who have
answered questions they will get random prizes and yeah with that yeah that's
that's it for me dude and just parting comments from the guests would be great
spring all right let's do around guys a quick fire round we will be seeing you
when we're through to buy please shoot I'm right what is it gonna be your
welcoming what is gonna be your dream that we're gonna have together when we
are having these late night conversations I'll be starting it off with etherland
fam fire away yeah drink I'll be pretty classical over here just a beer you
know traditional European beverage especially in France and in that area we
are in you know France Belgium Germany so yeah traditional good old beer okay beer
let's go prop ace prop ace is having difficulties to connect stasis you know
love to meet up with you guys and drink some great beverage whiskey is my choice
of poison actually but doesn't really matter the team matters the company
matters right you surrounding so exactly happy to meet you guys there and yeah
thanks again for this a great panel like a record-breaking in terms of lengthy
and I think we could talk for fire Street last point if the land mentioned
about the inclusion into web 3 it's a separate topic of itself right about the
inclusion of unbanked people to European economy hope you invite us next time we'll
talk more about in detail thanks again stasis I'm looking forward to seeing you
in Dubai we will be having that whiskey together started off with the beer and
we'll go straight to the whiskey afterwards red curry yeah thanks I'm
having my tea seven o'clock tea though and yeah amazing company amazing
conversation it would probably yeah we could go on and on and on there is so
much to discuss and it's exciting stuff at all thanks everyone Oh pleasure we are
gonna this is potentially a possibilities one what three to buy you never know
what we might spin up there so I'm looking forward to seeing you there as
well sir nasdaq's yeah some some cocktail and beer will be nice and maybe
maybe ending with an with a grounds of shooter that would be fantastic thank you
again to our to web 3 and for the invite I'm happy to chat with everybody and
learn a lot on on on RWA all the best you guys man see you in Dubai love it
love the energy fam looking forward prop box are you there for a final word
sadly not you said prop box it's probably my apologies I see the property
I guess I guess give in the dimensions of it I just just send me a message she lost
audio so ah okay no worries then prop base will be coming back next week
I'm assuming I was gonna I was gonna say something random spring roll yeah shall we
try something just yeah as this has been long shall we just try something a bit
different fire away I am seeing are they've gone no
kiddo kiddo has been waving their hand super duper duper intensely yeah it's
like it's not just keto bro it's keto and
simon so I was gonna say because I could see keto first like do you wanna get one
of these guys just up on stage just for a hot second and let's just see what
they've got to say to the host because we haven't got anyone from we did it
once do they give you a go I think I think the guests from prop base have
tried logging off and back on maybe to re-enable their audio oh yeah I'm here
it's working probably Kevin I lost my computer the other day with this with
with x so yeah no seriously it was really bad like I just went completely
black down as I went in my x-go but you know it's been your it's been your last
lyrics there sir oh thank you everyone yeah hop on to our twitter check us out
you know we're we're we're a good project we've got to have a strong value
proposition in the market you know we're up and coming we're one of the newer
rwa projects that's great for us we are our our focus is very niche so we we
we largely focus in southeast asia and you know check out our socials we've
got a lot of tons of activities and and more than welcome to hop into our
our communities love you guys thanks love it yeah thank you prop is gonna get
this guy up I mean yeah depends on what three global it depends on what three
global but the global is the guy who decides let's bring this one guy out man
let's see what they've got to say just one question before we go what mr. what
three global I haven't got the co-host other ego is there
hello hello far away with your question sir all right uh thank you very much thanks
for inviting me off to ask my question my question is for it lands physically uh
please I want to ask uh what role does decentralized finance defy play in
in the ecosystem of the real world asset tokenization
okay so that's a targeted question for us uh well thanks a lot kiddo
um well the define mechanism I told you about
I'm going to be very short there because it's going to be described
more deeply uh into our upcoming crowdfunding documentation
um but yeah you're going to have detailed pdfs that's right explaining all
all those uh implications but what you have to see is that we have designed a
reward ecosystem both working with our crowdfunding and their rewards
each investment year rewards but also the functionalities that are going to be
unlocked throughout the crowdfunding um that's going to be you know giving
of course it's empowered by by defy and we have multiple diagrams that you're
going to be able to to see to understand better
where value is going and what you can work on to be bringing more value to
your investments but yeah that's the idea that defy
mechanisms uh to work on both you know NFTs
voting's uh investment years on the crowdfunding etc to be
yeah enabling all of you to to benefit more from our
token and yeah see interesting things coming forward
sounds great uh thank you very much thanks for the answer
thanks for coming on we should do this but then we should do this more often
you know people who actually want to know but the problem is yeah you get
idiots that come up and then they ask stupid questions and you think why did I
remember that is true at least kiddo yeah it's true it's so true like kiddo
asked a decent question on one of the last ones so that's why i was like okay
i've seen you you were able to ask a decent question like let's get you up
but yeah some people are like uh what does Bitcoin mean and you're like yeah
thanks for wasting my time but yeah no no that's that's the reason
oh fair fair fair fair um guys thank you for coming uh to web3 global
talks episode 61 rwa powered by etherland etherland thank you for
sponsoring this space we will be coming back next week so keep
your notifications on with regards to web3 global we will be
notifying more information with regards to the token
and towards web3 amsterdam um i will be seeing you guys soon monday
rise and shine and bright i wish you guys a great weekend
talk to you guys later ciao for now