Space Summary
The Twitter Space Pioneering Real World Economy through DeFi️️ hosted by talk99. Delve into the transformative realm of Decentralized Finance (DeFi) where value-sharing, event curation, project incentives, and giveaways shape a dynamic ecosystem. Discover how DeFi disrupts traditional financial practices by decentralizing processes and fostering innovation. Learn about the significance of effective communication channels like WeChat and email for business engagements in the DeFi sector. Explore the strategies driving collaboration, community engagement, and sustainable growth within DeFi spaces.
For more spaces, visit the DeFi page.
Questions
Q: How is DeFi transforming traditional finance?
A: DeFi is disrupting traditional finance by providing decentralized alternatives to banking and financial services.
Q: Why is value-sharing crucial in DeFi ecosystems?
A: Value-sharing ensures fair distribution of benefits among participants, fostering trust and sustainability.
Q: What role does event curation play in the DeFi community?
A: Event curation helps in creating meaningful interactions, knowledge-sharing, and networking opportunities within the DeFi space.
Q: How do project incentives impact innovation in DeFi?
A: By offering incentives, DeFi projects can attract talent, encourage participation, and drive forward technological advancements.
Q: Why are giveaways popular in the DeFi sector?
A: Giveaways serve as marketing tools to raise awareness, increase engagement, and attract new users to DeFi platforms.
Q: What are the recommended communication channels for DeFi businesses?
A: WeChat and email are highlighted as effective means for business inquiries, networking, and partnership opportunities in the DeFi industry.
Highlights
Time: 00:15:42
DeFi Disrupting Traditional Finance Exploring how DeFi is challenging the status quo of banking and financial services.
Time: 00:25:18
Value-Sharing for Sustainability Discussing the importance of equitable value distribution in DeFi ecosystems.
Time: 00:35:29
Event Curation in DeFi How curated events promote collaboration and knowledge exchange in the DeFi community.
Time: 00:45:11
Project Incentives Driving Innovation Explaining how incentives stimulate creativity and progress in DeFi projects.
Time: 00:55:24
The Impact of Giveaways in DeFi Analyzing the role of giveaways in raising awareness and attracting users to DeFi platforms.
Time: 01:05:37
Effective Communication Channels Understanding the significance of WeChat and email for DeFi businesses in networking and partnerships.
Key Takeaways
- DeFi is reshaping traditional finance by offering decentralized tools and processes.
- The importance of value-sharing in establishing sustainable and equitable economic systems.
- Event curation plays a significant role in engaging communities and fostering collaboration within DeFi.
- Incentivizing projects can drive participation and innovation in the DeFi ecosystem.
- The use of giveaways can attract attention and create buzz around DeFi initiatives.
- WeChat and email are highlighted as key communication channels for business inquiries in the DeFi space.
Behind the Mic
Reflections on Existence
Still stuck in that time when we go even sunsets in to if I ever have to exist I would still be all the very careful like this. And all the fairy tales are full. Of stupid love it.
Daily Power and Feelings
See only gotta. Be there's a power in what you do now every day. I'll show you. What it feels like we did everything. Tonight. I still feel your touching my forgive me my weakness but I don't know why without you we try to survive cause every time we touch I get this feeling and every time we kiss I swear I could side can't you feel my heart beat I want this every time we touch I feel static and every time we kissed every time we touch against feeling and every time we kiss I swear I could fly can't you feel my heart be fast I want to. Say.
Heartfelt Emotions
Wipe away tears that I cry can't you feel my heartbeat fast all this last need you by my side cause every time we touch I feel ecstatic and every time we kiss I reach for the sky can't you hear my heartbeat you go watch you in my life cause every time we touch I can't believe can't you feel my heart beat fast I want this to pass. But never. Really had you breaking the risk that I'm taking I'm surrounded by ladies penny I can feel your.
Communication and Engagement
Can anyone hear me. Loud and clear. Hey guys, how's everyone? Hi. Hello. Hello guys, can you guys hear me? Yes. Yes. Okay, cool. Sorry for the late. And firstly, I think let's have our guest to say hi with our audiences first. And I think the front ink finesse pony.
Introduction of Tony
Hello everyone. Thank you and thank you everybody else. And my name is Tony. I'm the founder and the CEO of Ink Finance. I was trained as an electrical engineer and a computer engineer, but I came to find as an institutional comptrader. I was once Asia Pacific trading for ABS MBS at Citi and I was also a managing director as an asset manager at the Deutsche bank. After I left the institution, I co founded a fintech and a medical AI focused vc.
Founding Ink Finance
I got into crypto in 2018 and back in late 2020. I was fortunate to have found great partners and co founders. So we founded Inc Finance and it is actually a scaling infrastructure for any collaborative finance activities on chain. So what it does is it can do ecosystem governance from large networks to standalone organizations and for their treasury management for fundraising, financing, risk control and compliance related issues and use case can be RWA issuing and underwriting, Defi liquidity pooling and web two.
Framework and Design
The mass consumer economy migration to web three. It is a highly flexible with a plug and play margin design. And basically it is what take what you need. And of infrastructure, there's no one half, it's all. And it will be my pleasure to share some details later. Thank you very much. Okay. Okay.
Gratitude and Guest Introduction
Thank you Tony for the details. And yeah, we are so happy to have you today and continuous share with our audiences of what is Phenicous Inc. Finance and also to share the openness of our today's questions. So glad to have you and thank you. And I think next, let's have Jackson from MPAA, the ambassador of MPAA. So Jackson, you there? Are you here?
Jackson's Introduction
Me? Yeah, yeah. Please make a brief introduction of yourself and also share some details of four e. Yeah, sure. I'm the business development lead for EMEA region at four e, a global leading financial asset pledge trading platform. So four e offers a wide range of financial products.
Product Offerings
We do stocks, forex, commodities, purchase metals and digital currencies. We offer a secure platform, convenient and innovative for you to trade. So yeah, thank you for having us. Great to be here. Okay.
Acknowledging Jackson
Okay. Thank you Jackson for sharing the details and so glad to have you with us today. Next, I think let's have. I think it's Mister Mandarin. Mandarin Adrian. I'm not sure if my pronunciation is right. Okay. My name is Adrian. Hey guys.
Introduction to Adrian
Everyone, welcome to the space brief intro. My name is Adrian. I'm the co founder and the CEO of TRL stands for the real lifestyle company. We are an RWA ecosystem venturing into real estate. Essentially what we want to do is to create an ecosystem where investors can borderlessly, seamlessly and excessively invest in real estate around the world via tokenization.
Tokenization and Yield Generation
That's across multiple different property portfolios. After the tokenization, we then generate the yield which is the second part of the ecosystem for us. We offer a range of products, I'm going to mention one today, which is the world's first home subscription service. So you pay one price, you stay anywhere in the world across all of our properties.
Marketplace Overview
And then the third part of the ecosystem is an open marketplace where property agents around the world, developers can start tokenize their real estate sellers, so on and so forth as well. So that's overall exactly what we do. Our first three portfolios are launching. Thanks for having me. Okay, thank you, Andrew.
Exploring Current Projects
And for the details, also tell us about your, you guys are working on right now. And yeah, I think the next. Let's have. I think it's Alfia, am I correct for the presentation? Yeah, hi, I'm the co founder of Metabeam. Hey.
Alfia's Introduction
Hello. I can. Okay, so please say hi with our audiences and also make a brief introduction of yourself. Okay, thank you so much. Okay, thank you. Hello everyone, I'm Alfea, co founder of Metabeam. We provide users with a truly decentralized social network where you have complete control over your content privacy.
Decentralized Engagement Features
With us, you can create posters, profiles, engage with others, transfer tokens during the chat, and invite friends, all without needing an email to sign up. It's like truly 200% decentralized. So we are already live. So there is too much, a lot of things to explore with our application and then we can't wait for you to join us. Thank you.
Decentralized Challenges
And then if like we also having some thoughts about, if you have thoughts about some decentralized or defi products, then we are willing to accept the challenge to say that we are 100% decentralized. So happy to like have some challenges in the future. Thank you so much.
Looking Ahead
Okay, thank you Alfia for the details about you guys are doing. And yeah, looking forward to more opinion you will share with us later. So I think Jackson is not here right now, but we can just go ahead. So here is the first question for the people.
Discussion on RWAs in DeFi
Like a lot of people are saying that RWAs will play a major role in the Defi pump coming up. Is there any truth to it or can we get your perspectives on that? I think that's a question. Let's start from Tony. Thank you. I think blockchain space and the things, I think many of us are project founders.
Insights on Sector Pump
I guess every one of us is a feeling that a sector pump, whether it, you know, if it ever materialized or if it ever can last, has become a real issue. Right? We every day are in the space. We're trying to get our products accepted and get the users like it, get the investors, you know, like embracing it. We realize, or at least from my perspective, to say there is a sector wise pump.
The Reality of RWA Impact
You stick a label to it and you say, this is so, let's pump. I honestly don't believe whether it's RWA or anything else can actually pump something. And I think it is time all of us to add real solutions and the real products and services to the industry. And in DeFi sector specifically, I think RWA is a class of assets that can engage this sector.
Enriching the DeFi Experience
And so the data that we're used to are individual to uphold that kind of trading. Now can we add a whole class of different assets to this space to enrich the experience and to increase returns and bring a whole different kind of wealth management product to the space. I think that probably is more real than hoping that this concept can somehow re pump the entire sector.
Perspectives and Opinions
I think that is my personal view on this question. Okay, thank you, Tony, for the very insightful opinions about this question. And then let's have Jack. So what's your opinion on this? Yeah, so I think. Well, there's several points that makes it more kind of unique in terms of RWAs, because, look, so RWA represents a natural extension of DeFi.
Linking Traditional and Virtual
So it links traditional finance with the blockchain, essentially, tokenization of physical assets. Seems like it can boost liquidity and increase access in the defi markets. It's something new. It connects something that's completely virtual into something that's real. So things like real estate, commodities, and you got fractional ownership as well.
Increasing Trust and Participation
So one person, many person can own one thing. If it works, there's lots of things that's in question because you have increased adoption of these rwas that can create more trust in DeFi. So traditional investors can participate in these tangible assets where normally DeFi is just totally high risk.
Acknowledging Risks
Completely just doesn't make any sense. I mean, look at the meme coins, right? 99.9% of them goes to zero. Right? Everybody knows that. But people still gamble with them. Right? Gamble is the only word that we use. Right. You don't trade them, you gamble with them.
Legitimizing RWA
But with RWA, I think it brings some sort of legitimacy to say a token and things like that. But obviously, there's also problems. Right. So you have things like there's that volatility, okay. And that speculative nature of crypto also comes in to a. As well.
Future of DeFi Innovation
Right. So I think, yeah, in a way, aws could be pivotal in the next wave of defi innovation, but it needs to have that regulatory framework aligned. Right. Because you are dealing with something that's real life. Right. You're dealing with something that's in the real world. Right. If you do that, then there's going to be regulations and there's going to be governance.
Balance of Crypto Principles
Right. So it's actually going against what crypto and Defi and blockchain kind of means. It depends how the governance is done.
Adoption of DeFi
And would there be an actual adoption of people using Defi for these kind of stuff? Right. There's got to be a very good reason to do that. So, yeah, that's my two cent. Thank you very much.
Jack's Insights
Okay. Thank you, Jack, for the very. I think it's interesting and also very true about this question and for. Thank you so much. And next, I think we will have Alfia, can you share a little bit about this question with us about your opinions? Hello. Hi. I can hear you now because I saw your mic is open, but there's no voice, actually.
Alfia's Connection Issues
Okay, sorry, I have a really bad connection right now. Sorry about that. About this question I have, like, if you're going to ask if it's going to pump it or not, I cannot say that. But for me, it's more like, you know, they're helping each other. Rwas are like a bridge between the, like, traditional finance and then the, like, decentralized finance.
Transformation of DeFi
And it's already, like, transforming defy by, like, bringing real world value into the, like, blockchain system. And it's more like, from the user's perspective how we're going, it can create it more like stability and trust and making defy more, like, appealing into the traditional investors. Like, maybe we will have more investors that they're going to look forward to. Oh, okay.
Real World Assets
Now we're going to have real world assets also included, including into this, blockchain system. So maybe we will have a new group of, investors, like, new group of people that, who is going to join us. but also, like other speakers have mentioned, it's not going to be that easy. And then now what we're going to see, it's like, we're seeing, like, the, what's the name of it? I saw, like, the first real world asset deal.
Market Trends
It was two months ago. And now, like, this week, the real asset is, like, going up a lot. And just because of what is going on in the world, like, how the things are going on with the real world assets and then the bitcoin, like, how we are collaborating. But if you're going to ask me what I about this question, I feel like, let's see. I hope that Defi is going to be in a different level with the RWS ace, like, to help in each other.
Emerging Interest
And then also, I am also really interesting in this, like, real world assets because it's, like, really interesting to even hear, like, if you're going to tell me the introduction. So I hope that it's going to, like, bring more something that were not having it from. Let's say, everyone saying that were in this industry for a really long time, but real world assets is, like, in a different way to show the investors or show the people that this is something that you literally can touch or can see or it's really related to your insurance.
Conclusion on Real World Assets
So it's really interesting. I hope it's going to be like that. But yeah, this is what I want to say. Thank you. Okay. Thank you. That's really interesting and awesome. Thank you so much for the opinions. And I think Andre is back because I saw you were offline before. I can, I can, yeah. It is a little bit choppy, but it's okay. Okay, cool.
Andre's Perspective
So where are the first questions you can share a little bit with your opinion? With us? Yeah, I mean, I think, why is tokenization essential from powering traditional finance? I think it's. It's definitely two different industries kind of combined together. I think the overall finance landscape is due for some sort of disruption, especially in a positive way.
Disruption in Finance
I mean, three ways I can dissect it is like the global way of transferring funds currently versus the way tokenization enables that to happen. I think that's going to be something that's very good to look forward to. I think when it comes to ownership into multiple different asset classes, I think someone brought it before that. That's going to be one of the key ways that we can start achieving, well, money in a very traditional industry today.
Tokenization Importance
And I think overall money flow when it comes to different sectors of the world, how people actually interact with their funds and where they want to invest, how they want to invest in that, play a really big part when it comes to answering why tokenization is there. Besides that, everyone else has really kind of brought that up and answered that. Thanks, guys.
Transition to Second Question
Okay. Thank you so much, Andre, for the sharing and also, like what you've mentioned. And, yeah, so this is for the first question. And thank you so much for our speakers to share your very insightful opinions on the first question. And, yeah, next, let's have the second question, like, what are some of the biggest challenges that bring rws to the blockchain and how can they be addressed?
Challenges in RWS
Firstly, I think let's have. Tony, you want to go first? Thank you. I would take a whack at this. I think the challenges, I want to bring this up as the first thing we talk about bonds and stocks and such things. If you tokenize these things, the practice is totally re prioritizing. These things are easy to understand. And we may think you say this is a tokenized treasury bond.
Easier Understanding of Bonds
It's very easy to understand, but there is a catch to this. The reason they are easy to understand is because they are regulated in the real world because of this, moving them on chain actually eventually will face regulatory challenges. I will use an do we think US Department of Justice ultimately allow us treasury yields to enrich the state's enemies? I believe that Chairman Powell once even mentioned this.
Compliance Concerns
He said, yeah, all these things are borrowing us government's credit and the trustworthiness. So are we going to let yields go to our enemy's hands to enrich them? If not, then where is the compliance infrastructure on chain and who does that? I see this challenge not a question of if, but a question of when. When the system, when the ecosystem gets large enough, it inevitably would invite the heavy handed hammering from a global regulator.
Regulatory Challenges
So I think that's one challenge. Then we can move on to the non standard assets where there's little or no regulatory challenge. Then the question becomes transparency, legal structure and off chain clearing. I want to be coherent here. Yeah. These non standard assets don't have much regular challenge simply because they're kind of esoteric, hard to understand, quirky.
New Set of Challenges
Right. So now you face a different set of a challenge. And while every. Is the market. Right. Well, every other originator can try to build their own to solve the problems I mentioned. But it's very similar to the web one world where a company that wants to go on that back then it's not on chain.
Infrastructure and Resources
Right. Would have to build their own. Then we see SaaS took off, which has been driving the entire web two economy, which essentially has shaped today's mass retail or consumer economy. So I believe we, as you know, or at least us, we as the financial infra builder, we want to see scaling solutions that can free the resources of asset originators to dramatically lower the barrier of access to blockchain so they can focus on their business.
Focus on Core Business
It is very much like today's e commerce. They can use Shopify and stuff like that. Right. And they don't have to build their systems. They don't have to build their shopping carts, customer service, payment solutions, you know, shipping, logistics, all that. They don't have to be bothered by that.
Challenge Conclusion
And their focus and their resources can be spent on the goods and the services that they provide. So that's my view of the challenges and some of the solutions. I think that's my two cent. Thank you. Okay. Okay. Thank you, Tony, for the very.
Tony's Vision
How to say that. I think you're in the team. A very vision for the future of the defiant RWA train. That's really awesome. And yeah, I think next, let's have Jack and to share a little bit for this question. Yeah, I think the previous gentleman have said it really clearly.
Jack's Elaboration
Apparently so, yeah. I think, for example, I think there's several points that I'll probably make. I think regular hurdles. Washington discussed a lot in the previous, from the previous gentleman. So many regions lack clear guidelines. Right. For tokenizing real world assets.
Legal Ownership Concerns
Right. That's one of the things. And also, you have legal ownership and custody issues. Okay. So transferring ownership rights via blockchain remains extremely complicated. Right. And convoluted. Like, how do we prove that this thing is yours? Yes. You made a token.
Token Creation Challenges
Great. Anyone can make a token. So there's that counterparty risk, that trust in the issuer of the tokenized asset. How do you link the asset to the real world asset? That is a valuation and liquidity concern as well.
Market Pricing Mechanisms
So finding that transparent and reliable pricing mechanisms for R AA remains tricky. But we've seen a lot of innovation in this space as well, where we see projects and we see founders try and solve and try and link through various big companies that would accept these tokenization efforts.
Innovative Solutions
So I think solutions such as developing decentralized identity for regulatory compliance, and then you have, on the tech side, you have things like smart contracts to automate legal processes and mitigate risk. Right. So I think these things are in the making.
Future Perspectives
But obviously, it's a very small kind of example that made. There's plenty of innovation to be done in this space to link what's real to what's virtual. Right. To give it more kind of authenticity.
Value Determination
Okay. So I think that would be the next step to make sure what's been done in DeFi is actually linked to what's done in the re in Rio. So I think that's what gives it value. Yeah. Thank you very much.
Final Thoughts
Okay. Thank you, Jack, for the very insightful opinion. And same like Tony said, and grew up with you, like, how to link to the railroad, because the real world assets very complicated. Right. And there are a lot of things that need to be completed and just mentioned the compliance and etcetera.
Alfia's Conclusion
Right. That's really awesome. And, yeah. Next, like, let's have alfea to share your opinions on this question. Oh, I have nothing to add on my side anymore. Like, the first two speakers have already, like, outlined all of the details where we thoroughly. So thank you.
Final Remarks
Okay, thank you. Yeah, Tony said very comprehensive, their insights. Okay, so how about Andre?
Discussion on Tokenization Challenges
Do anyone want to add to the topic? Yeah, definitely. I think, look, there's a very, there are a lot of different big challenges that tokenization faces, right. Especially when it comes to robots. I think the first thing I kind of want touch on is like, versus direct tokenization, right? And what that actually means. And the jack before me brought that up as well. Like currently, majority of the market, indirect tokenization is currently happening, right? Assets go into an SBV SPV gets tokenized and then the owners or the token holders then indirectly own the asset, right? But then direct tokenization occurs when we're able to attach our tokenization technology, bring everything on chain, and be able to link that back to more, we have to say, but central databases to be able to be recorded. Like if you want to buy a house, and how do you really know if you own the house? It's if I. Your name is on the deed. Right. I think one of the biggest challenges I think would be integration into the existing systems that exist in the world, right? Whether it's government, whether it's business systems, so on and so forth.
Integration and Regulatory Challenges
I would assume that business systems are a lot easier to integrate. One of the examples I can probably give is that within Dubai, the Dubai Land Authority there has an API that tracks every rental price, every sale price. And the way they've built their database system is so robust that anybody within the real estate sector can request and get access to that. That's already showing. That's one step closer to us being able to integrate tokenization and token holders as actual named owners in particular properties without the speed present. Right. That probably first challenge, I think I'll see. The other thing I think both speakers really brought up. Right, regulation. After the integration is there, then comes how do you regulate it, right. I know governments around the world under sandboxes, which is great, but from a framework perspective, I still do things that are a mature framework to bring both sides of that coin together. Right? So regulation, and then after you get through the hurdles of integration or regulation, you then dive down to, all right, now that so called backend is done, everyone agrees on how we're going to represent ownership. Then comes the adoption and education process, right?
Adoption and Long-Term Process
How do we then change the mindset of more traditional buyers across multiple different rural asset categories, payment, or even centralized and decentralized finance categories, right? And how do we educate them and then get them to slowly adopt this? It's definitely not a short term adoption process, it's definitely a longer term. But I do feel that once we get through the integration hump, we'll definitely start to see overall mass market. These are the few, you know, biggest challenges that I really see happening today. Okay, thank you, Andrew, so much that very informative and complex, comprehensive insights for this question. And yeah, the challenges are there. We can, we can see right now there are a lot of difficulties like the barriers to move, moving forward, but we still believe we can make it some days. Right? Yeah, that's really cool for this question. And since we are talking about the challenges in this question and yeah, I have your next question for ink finance.
Unique Features of Ink Finance
And Tony, what unique features does ink finance offer for managing the treasures of Daos? RWa and I defy products effectively. Thank you. So for non standard assets, I believe a prime market is key to success. We're talking about the marketplace and distribution. So you look at professional dows, right, that are formed with family, office or funds or, you know, who have personal experience in specific sector. These professionals that can underwrite originations, that can form the first tier of distribution. They can face the issuers directly on the InC facility to verify and check and negotiate with kind of prudence and expertise that are generally not available from the general retail investors. So these professional daos have the advantage of setting up risk representation properly. And the Inc facility makes this process and infrastructure very flexible.
Challenges in Tokenization and Market Making
They can choose the type of assets or they can choose the governance structure, the management tools and the transparency tools according to the type of assets or the jurisdiction, specifically compliance. Only when primary market participants conduct such level of due diligence on chain transparently with the entirety can these tokens that are underwritten by them further be distributed through retail oriented networks on the blockchain. So that is one key goal that we try to solve. We try to solve professional underwriting. Dows on the liquidity side, how they can sit together at the virtual table to negotiate with issuers to enforce certain transparency integrity rules so that the asset issuers will face the first tier of to get done. So that's marketplace. Now back to defi.
Innovative DeFi Protocols
Lots of innovative DeFi protocols such as a physical backed option trading and such as a certain indivisible rights and claims. They actually cannot be tokenized in such a way to create a legal challenge in the real market, real world. So let's say for physical delivery option trading, in order for the traders, retail traders to achieve a higher leverage, you actually need somebody up the balance sheet to finance these things, right? And it is very hard for another individual, to an individual, it is simply impossible. So we have already launched a very successful option trading market making, physical delivery market making Dao on Altrum where pull the money together, hold the physical asset, basically lending their entire balance sheet to facilitate the retail traders right.
Credit Products and Legal Representation
So that again, needs governance, needs transparent risk of control, needs customers, needs prudent, transparent risk management rules so that the money can be pulled together to execute one single strategy. And then we have a credit product that will be launched in two weeks of a time. In this case, the professionals sit together, for instance, then you have a loan that the loan is backed by real world collateral. Everyone goes back. Question is very simple, who is the legal representative? They can, in the real world go to the court to enforce on the collateral. And we have many competitors out there. I don't think that is a joke. Right. You have a thousand retail wallets sitting there taking on a level that is backed up by an indivisible collateral, which, let's say a piece of a commodity. Who enforces that?
Governance Systems and Solutions
Court will never say, there's a thousand claimers, this one collateral. Who can do that? Then you need a governance system to transparently elect and appoint and assign these roles to a verified wallet. Now you answer the question, does it mean verified wallet? How to verify that? That is the kind of solution we provide to scale the operation by providing a tool that anybody can pick and choose the relevant parts from an offer to get the job done. So that is. Yeah, I want to answer specifically RWA origination and the DeFi protocol liquidity pooling. Thank you. Okay. Thank you, Tony, for the very. I will say that brain is sharing every time I, I heard about why you going to share with us? I can feel your passion.
The Future of RWA in DeFi
Yeah. Really awesome. And yeah, if you guys have any interest in like, the products and the mechanism that Tony shared just before with inkfinance, make sure you guys already follow their twitter to catch up more updates of their project. Yeah, I think that's second question. And so we're going to like the next question. Like what is your vision for the future of WAs in DeFi? How do you see the relationship between WAs and traditional finance evolving over the next few years? And I think let's start from Alfie and give Tony a few minutes to have a rest. Yeah. Oh, okay. Hi. I mean, when it comes to like, RWAs in DeFi, I think we all see like the, you know, impactful shift and, but it's not like, without challenging, like, tokenizing real world assets definitely has like, potential, you know, like, but like, what others said, mentioned earlier.
Challenges and Market Integration
So it's like full of challenging and, but you know, like, RWAs are becoming more integrated into DeFi. It's going to take time, participants around the regulation, trust and adoption. The tech is there, but the market needs to, like, catch up in terms of infrastructure. Infrastructure and legal frameworks that, like others were mentioning earlier. Yeah. And as for the relationship with the traditional finance, and I see it becoming like, may becoming like, chaotic at first. Traditional institutions will likely dip their toes into, like, exploring tokenized assets, but maybe like, hesitate to fully embrace DeFi in the short terms.
The Expected Evolution of Traditional Finance
So over the next few years, I expect, like, more partnerships between DeFi and other platforms or traditional finance, as both sides can see the value in combining their stretch altogether. But the roads to full integration will probably be, like I said, it will take some time, so it will be slower than like we expect, where I expect. Yeah, that's what I thought. Thank you. Okay. Thank you, Afi, for the very insightful perspectives from you and yeah. For this question. Let's have Jack. So could you share a little bit for this question? Yeah.
The Role of Arduous in Bridging Finance
So I think Arduous could bridge the gap between traditional finance. Right. TradeFi and DeFi by allowing things like real world assets to be tokenized. Traded. Right. And collateralized. Right. I think we do need a deeper integration between institutional finance and blockchain platforms as trust and adoption grow over time. And I think over the next couple of years, hybrid systems where traditional banks interact with blockchain platforms could emerge. And it needs to emerge because it brings that validity into this whole narrative. At the moment, it's people are building and making new technologies based on these, I would say narrative and ideas, but it's very hard to gain mass adoption.
Future Integration of Blockchain and Traditional Finance
But once we get these traditional finance people in, that's where the validity and the trust could be built. And then you have tokenized assets could also become part of the mainstream portfolios and it would offer new liquidity options for traditionally kind of illiquid assets. But obviously, like, we like a house to a NFT, right. It's not like where you can sell a house in a second. Right? You can't really do that. You got to have, you got to find a buyer. You got to do that. So it's going to be difficult for some of these larger, I would say assets to be tokenized.
Conclusion on Traditional Finance and RWA
But as we know, traditional finance people, they'll find a way. If there's billions there to be made, they will find a way, trust me. And then they'll probably crash the financial markets again. But that is how it is. We've seen that over and over again. And, you know, obviously I'm a bit pessimistic on this front, but we've seen it so many times. Right. Hopefully this could change. Right. This could kind of bring a new horizon, I would say, to this whole idea of traditional finance. So I think RWAs is a way to actually get more involvement from the traditional finance people into DeFi.
Future Partnerships and Innovations
Right. And then lastly, I think growth in partnerships between DeFi platforms and traditional finance institutions would drive, will bring more drive to more sophisticated RGB use cases. So, yeah, I think bright future ahead. Obviously a lot of hurdles to be seen and solved. Yeah. Thank you. Okay. Thank you, Jack, for the sharing and argue with you that the more and more people will get involved into the industrial and also the RWA DeFi train. Yeah. Thank you so much. And next, let's have Tony. So what's your opinion?
On the Nature of DeFi and RWA
Lot of great points shared by the other speakers. So I think within the context of this question, we can define DeFi as a way of trading, a mechanism of trading as part, and then RWAs can be thought of what's being traded on these platforms. So that is, I see a natural fit there. And you know, you look at today's main DeFi lending, they focus on collateralizing the lending, right. But others can add to based. And as we all know, credit is the only real mechanism of money creation. So call ourselves cryptocurrencies. If there is no money creation, there isn't really any sense of financing.
Traditional Finance Initiatives
And so traditional institutions, I mean, they just have a very high take home cost of initiating transactions of nonstandard products. My view is that it is unlikely for them to issuance and underwriting.
Adopting Blockchain Technology
However, as Jack previously keenly pointed out, if they can adopt blockchain tech under their regulatory fold, and let the hard and dirty work be done by decentralized orgs on blockchain, then they actually can use the immutable and the transparent nature of a blockchain to vet these assets. And in that sense, they can then use the regulatory framework at the network to actually serve as mass distributors of such assets. That's how I see the terrified people can have a real play this domain. And the last but not least, I personally don't believe for a second that blockchain defi can topple traffic institutions, but it can significantly augment the scope that these institutions can play in and what they can cover. So I think the compliment mentored to each. Thank you.
Vision for Future Industries
Okay, thank you, Tony. Very brilliant sharing. And, yeah, let's have Andre to share a little bit for this question. Yeah, sure thing. I mean, all the speakers have brought up like tremendous points. I think to answer the first part, like what is my overall vision right for the future. These industries, I think, will definitely coexist together. I think that will also bring more choice from a more macro perspective, from an adoption perspective, it'll bring more choice to the consumers globally on how, where they want to get potential financing from. That's number one. It will also change the processes of how people start to look and perceive, whether it's traditional financing, whether it's decentralized financing, whether it's RWAs across multiple different categories. For us, it's real estate. Right? That's, that's what I see from a vision perspective.
Access and Global Facilities
I think all these developments is really just going to give more choice to the general market out there so that everyone can kind of coexist in the industry together. Different points of integration and different points of cross synergy will definitely be established between trade financing, between Defi and the underlying, in my eyes, would definitely be RWAs, right? Have things collateralized beside that. I mean, it all promotes this one kind of philosophy that we have as a company. It's all about like, getting seamless access to multiple different asset classes around the world. It's all about that borderless investment and flow of funds. And lastly, it's really about accessing global facilities as and when you want. In today's world, you're bounded by the country that you stay in your landlocked, you're governed by the rule sets of the country. Right. When you go more into the DeFi space and RWA space, especially when it comes to investment or seeking funds, there's now really a global market, right, instead of a more focused, localized market.
Traditional Finance and RWA
So, yeah, these are just a few points, right. One example that I can add to traditional finance, adopting crypto and web three and RWA, I think, can't really say who, but one of the banks that we're currently working with, they're actually creating, or it's an investment bank, they're actually creating new investment products for the mass market currently to enable the general layman investor to start investing into the web three environment. And they're starting with RWAs, they're starting with something more stable, real estate. That's how we got in the conversation with them. Right. So as these kind of things flow into market more, it does prop up the overall industry, right. It does give it a sense of credibility. It definitely does give it a sense of trust and safety. And, and that's, that just uplifts the entire future of all sectors together.
Infrastructure Development Needs
Yeah, thank you, Andre, for the very informative sharing and thank you all for this question and the sharing of the opinions you've got. That's really useful for the audiences, I think. Yeah. And here we are going to like the last question. It's the web three infrastructure sector is developed rapidly in Europe. What kind of infrastructure is later to support RWA, DeFi and other sectors development? And. Yeah, I think let's start from Tony. Thank you. And going back to my analogy, one, to web three, web two transition. I see scaling tools. I see SaaS like scaling info. They can not only help origination, but also underwriting and liquidity pooling. And if we could see many such platforms or tools pushed to the market where the barrier of entry becomes minimal.
Scaling and Innovation
And so for all the people who are focused on liquidity pulling, let them focus on that. The people who are good at asset origination and asset sourcing, that focus on that. These structures would be very useful and very helpful to basically bring a very esoteric. I'm just being honest here. Even treasury bonds or treasury notes in the real world, they're like the easiest to understand kind of thing. But if you look at the crypto space, they're just tiny, right. The reason is that scaling is for RWA and, you know, credit based to have a major role infra, that type of infra scaling. Infra is badly, urgently needed to a certain degree. Certain deep projects can serve the purpose as well, because the web two world is already fully integrated.
Real-World Applications
For instance, if you want to finance income stream of EV chargers, we have already seen infrastructures. They will put these 540 chips in each charger, right? So every time when a user charges that cash flow can be then aggregated through a DPAI system, right. And that feeds into any financial operations to prove the existence of cash flow without going through a bank system. These are the infra that we see a very innovative and if put together correctly, that will basically revolutionize the space. And the next point out is that the DeFi protocols, as we already talked about, if DeFi is a way of trading and the DeFi protocols should think about how to embed decentralized risk control and financial common mechanisms. I.
Decentralized Risk Management
I think they're lacking, dramatically lacking to service the real demand. If we are talking about RW and credit based DeFi. If every DeFi runs risk and compliance like Goldman Sachs or Goldman Stanley, well, there is no need for them to ever exist. Goldman Sachs and Goldman Stanley are just fine. So is there a way to do governance and the risk control and the transparency in the decentralized way to spread out that kind of work and put in for that kind of decentralized risk, whether it's by jurisdiction, by product type, by sector, if these protocols can think about these things in the long run. And it makes again, the size of the liquidity, the reach of rwas or credit products are much bigger than it is today.
Building Bridges
So that's sort of my input on this question. Yeah, thank you, Tony. Very, very detailed and informative. Thank you so much. And yeah, I think for this question, let's have jack your openly updates. Yeah, I think Tony hit the nail on the head. So things like more scalable layer one and layer three solutions, or even layer one solutions are needed for handling these high volume transactions. And obviously we've got to reduce fees. Talking about, you know, coming from a normal user perspective, people want to trade, people want to hedge, people want to do staking, all these things, lending, I think these all coming together through things like identify verification tools is also needed.
Interoperability and Oracles
So you got decentralized identity solutions for regulatory compliance. We also need robust cross chain interoperability protocols to ensure the smooth asset transfers across multiple blockchains. One of the problems that we have right now, there's so many chains, right? There's so many chains, right? They all basically work the same thing unless you have a different kind of programming language talking about things like aptos, Solana and things like that. Finally, I think we also need, what's really missing right now, I think, is oracles. We need a better oracle to ensure the accuracy and reliability of real world data entering the blockchain and how we do real data reporting into the blockchain. That remains a big question mark in my head, right, because I haven't seen anything that's actually, well, kind of able to kind of have a real time kind of data by second. Okay?
Smart Contract Security
So that is yet to be seen. And then finally we have things like enhanced smart contract security and audit mechanisms to prevent vulnerabilities in these RWA tokenization. I mean, you don't want to hack happening and then you lose like ten of your houses, right? So these are the things that we've seen before in Defi, you know, how we can prevent that and kind of build the infrastructure around these core kind of principles that allows people tend to have confidence in using other AA and trading. I mean, going from booking hotels, right, to buying, you know, buying, I don't know, drinks in a bar, okay. Or investing, and then go to the big things like investing, real estate, investing in a tangible kind of asset that's, you know, that's real to the touch and things like that.
Future of Web Three
It's really, you know, it remains to be seen, but I think definitely think othera would be a real powerful use case for DeFi, sorry for web three, if it were to kind of solve these issues and really have the backing of the traditional instruments that's able to kind of allow us to really dive into this new kind of narrative. Thank you very much. Okay, thank you, Jack. Very exciting for the sharing and except the scalable and also information, the oracles and that's really, I would say, novel. Very fresh idea for that. Thank you so much. And, yeah, next, let's have Alfie. So what's your opinion?
Challenges and Improvements
Well, I agree with all of the gentlemen, what they were saying earlier. And still the points that the ragu, like, how should they say, like blockchain, like networks also need to significantly improve their performance to address currency issues with the high cost and then the low effect city and the user experience has to be like simplified. And also, like we have mentioned earlier, the education. So there are so many like small points and to improve. And then what we have to do is kind of like, what we are doing also needs to have some support from the, each of the governments and how they want to, like, rwas, like, they definitely need, let's say, like if American recently, like the president, like, who is going to be.
Future Frameworks
And then how it's going to be also is going to relate it off like this industry or like rws or defi, like, how the. How we're going to be, like, in the end, like, how is going to be like, how the frameworks is going to be done. so there's a lot. And all the points we have already mentioned and then these are like really big challenges. I mean, like, it's small, like, but in, like, if you're going to put all of them together, it's going to be really big. So, let's see, like, by over, like, by the time pass, like, and maybe, I mean, I believe we can overcome them. Like stop by step.
Final Thoughts
So, yeah, that's what I wanted to say. So. Yeah, yeah. Thank you afiya for the sharing and, yeah, grow with you. Like, there are a lot of factors to influence the whole industrial. What they were going to be. Yeah. Okay, thank you. And next, let's have Andre so share a little bit with us for this question. Yeah, sure thing. I mean, all the speakers brought up very accurate and very straightforward points. And I think that's very, very clear when it comes to how do we really want to advance? The only thing that I would really add is everyone's building interoperability between chains.
Importance of Simplicity
Right. That one, it's not new hit. Great. A lot of projects are doing it now. The one thing that I think we all need to start focusing on is building bridges that connect us to the web tool to send infrastructure that might be outdated just to be able to get that mass adoption going. I do feel that the one thing the web two is industry has that the web three doesn't have yet is simplicity. Right. We can have all the amazing technology at our hands, but if no one uses it's not really amazing. Right. So we need to get global adoption going. And the fastest way to do that is to start building bridges, start connecting with people within that existing web two space, and seeing how we can really drive the cross benefit and migrate a lot of people over there in a very seamless way.
Concluding Remarks
That's the only real thing I want to add. Just making sure that there's more tech that bridges things together. Yeah. Thank you, Andrew, for the additional power. Yeah, I think that the bridger is also a, like, the crucial role that played in, like, two, kind of like the web two and web three. That's really nice to hear about this openly. And, yeah, I think that's all the questions for our today's conversation. That's really awesome to have you all here and share a lot of, like, very unique and useful and obviously informative, insightful opinions on our today's topic. That's really awesome.
Audience Engagement
Thank you all. And, yeah, I encourage all our audiences to follow our speakers to catch up, like, the project updates and also some news or like, the how to see the updates of the industrial and perspectives of the industrial. So, yeah, thank you so much. And, yeah, I think that's all for today. Thank you all. So have a nice day, guys. Tony andre, and also Alfie and Jack. Thank you so much. Thank you, Sandy. Thank you. And thank you all for the panelists. Great to share with you.
Closing Remarks
Yeah, thanks, everyone. Appreciate your time. Okay, see you next time.
