Tokenized

Scott Shay, serial bank founder now building N3XT, designs a full-reserve, tokenized-deposit bank for real-time on/off ramps. He revisits Signet’s role in crypto payments and lessons from bank closures. He discusses interoperability between proprietary stablecoins, instant settlement versus instant debit, and N3XT’s safety-first architecture.

Liam Horne, product lead at Tempo who steered Tempo mainnet and MPP work. He dives into the Machine Payments Protocol and how it enables frictionless, high-frequency micropayments. He explains Tempo’s seven-month sprint to mainnet and stablecoin-native features built for enterprise. He highlights creative agentic use cases and the multi-rail future of on-chain payments.

Illia Polosukhin, co‑founder of NEAR Protocol and coauthor of the transformer paper, blends AI research and blockchain building. He discusses agentic commerce as intent flows, scaling payments and coordination with NEAR, and securing AI agents through IronClaw. Short takes cover protocol aggregation, agent custody challenges, and the evolution of secure OSes for AI.

On Ep. 74 of Tokenized, Simon Taylor, GTM @ Tempo and Cuy Sheffield, Head of Crypto @ Visa, are joined by Raagulan Pathy, CEO & Co-Founder @ KAST and Homam Maalouf, Co-Founder & Chief Products Officer @ Lead Bank to discuss KAST raise $80m for stablecoin neobank, Lead Bank's role in enabling stablecoin card programs and more! Timestamps: 00:00 Introduction 1:39 KAST's $80M raise and vision for a global stablecoin neobank 2:21 KAST's global growth metrics and stablecoin adoption beyond trading 5:48 Lead Bank's role in enabling stablecoin card programs 7:05 Building lasting compliance infrastructure for stablecoin platforms 19:18 NASDAQ partners with Kraken to launch tokenized stocks globally 29:29 Using crypto assets as collateral for loans and credit lines 33:50 Stablecoin settlement with Visa and Mastercard card networks 40:46 Banks issuing their own stablecoins and market fragmentation Tokenized is sponsored by Visa A world leader in digital payments, Visa is bridging the gap between traditional financial institutions and innovative blockchain networks, helping players in the payments ecosystem navigate the ever-evolving world of tokenized fiat currencies with confidence and ease. Learn more at visa.com/crypto. Tokenized is presented by Bridge, a Stripe company. Just like the internet made information global, stablecoins are making money global. And Bridge, a Stripe company, is the infrastructure powering that shift. Built for speed, scale, and simplicity, Bridge helps businesses send, store, convert, and spend stablecoins instantly, all without borders or having to navigate the complexities of crypto. Learn more at bridge.xyz Tokenized is presented by M0 Stablecoins are becoming global financial infrastructure. It's time for that infrastructure to mature. If you're a brand, you should have your own stablecoin set to the behavior of financial flows moving through your product. If you're an issuer, you want to be the stablecoin partner for the most valuable brands. M0 is the only platform where issuers and brands get together to build digital money products for the world. Learn more at m0.org ***We’d also like to remind you that the views or opinions of our contributors today are their own and do not necessarily reflect those of the companies they are representing. Nothing we say should be taken as tax, financial, investment or legal advice, do your own research!   Music by Henry McLean

Chris Harmse, co-founder of BVNK and stablecoin payments builder. He discusses the shift from RFPs to live stablecoin deployments. Short, practical takes on how enterprises sell and productize stablecoins. Talks merchant acceptance, banks adding wallets, non-USD stablecoins, and how AI agents will need on-chain payment primitives.

Alfonso Gómez-Jordana, founder of Crossmint, builds virtual card and developer payment tooling for crypto commerce. Tanner Taddeo, CEO of Stable Sea, builds enterprise stablecoin treasury and tokenization infrastructure. They debate AI agent-exclusive virtual cards vs stablecoin payments. They explore enterprise treasury use, cross-border remittances, merchant onboarding friction, and where cards or stablecoins fit agentic commerce.

Fredrik Haga, Co-founder of Dune and on-chain data expert, and Nicole Sandler, Chief Ecosystem Officer at Ubix with a trad-fi and regulatory background, discuss stablecoin supply and exchange holdings. They explore enterprise payments use cases, PYUSD’s rapid growth, Meta’s renewed stablecoin moves, agentic AI transacting with tokens, and regulatory signals around tokenized finance.

Eric Barbier, serial fintech founder and CEO of Triple-A, explains why stablecoins are reshaping cross-border rails. He discusses remittance inefficiencies, how stablecoins cut working capital needs, real B2B use cases like paying Chinese suppliers, regulatory and banking frictions, and adoption in gaming and emerging markets.

Robert Morgan, Head of Stablecoins at Payoneer, drives stablecoin payroll and cross-border payouts. Davis Hart, Founder & CEO of Omnia, advises banks on tokenized deposits. They discuss Payoneer’s Bridge partnership and stablecoin payout rails. They explore why firms seek federal trust charters and compare tokenized deposits with stablecoins. Conversation touches on on-chain lending, interoperability, and bank opportunities in tokenization.

Chris Maurice, CEO of Yellow Card, brings payments in emerging markets expertise. Diogo Mónica, GP at Haun Ventures and former security engineer, brings crypto infrastructure and regulated-bank experience. They discuss BlackRock offering DeFi trading, the rise of machine-to-machine payments and tokenized MMFs, LayerZero’s new blockchain ambitions, and Erebor Bank receiving a full OCC charter.