Caitlin Long

This is not over.

Love it, yeah.

As you and I know from when we first started working together, I don't know, 10 years ago or so, I was working on tokenization in the security side.

Why did I pivot over to work on the banking side and payments?

It's because I figured out that trying to tokenize securities isn't going to work if you don't have tokenized dollars.

You've got to be able to have the tokenized leg of the securities trade

the dollar-legged trade in tokenized form as well in order to have tokenized securities work.

We're going in that direction.

Obviously, the DTC is working on this, the New York Stock Exchange, all of those big entities working on tokenization.

The other piece is from the work that I did at my prior startup, Symbian, we were the partner back then with the Delaware Blockchain Initiative.

Delaware, of course, back then still is the state where most corporations are registered.

We were trying to be able to have Delaware run a node on a blockchain in 2015, that long ago, to be able to natively register corporate shares on a blockchain rather than what we do today, which is really analog.

Yes, you get a PDF of your corporate registration, but it's really just analog data.

If we can natively register the shares on a blockchain, game changer.

That has not happened yet.

But and I'm still I'm waiting for it.

I think it will happen.

There will be a secretary of state, by the way, my native Wyoming, where I moved back after 30 years in New York, I think might be the first state to do it.

If you can get natively blockchain registered shares, that's the game changer that then enables the securities markets to be able to tokenize.

But that dollar leg piece is also important.