Susan Hayes Culleton
speaker
3,107 appearances
22 recordings
2 series
first heard Nov 2025
last heard 4 Sep
Susan Hayes Culleton’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 22 in all, peaking in Jul 2026 with 5.
Appearances
Taking Stock · Circular economy, 'dead internet' theory & blockchain revolution · 14 Aug 2026
podcast
Can I ask you about another buzz term?
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And that is tokenization, because there's a lot of talk about this now in the financial markets, which is rather than me, for example, buying
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A share in a stock, I could buy a tokenized version of an equity, which would mean that I would have some form of a derivative that would track that equity that I could trade 24-7.
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Now, I don't really like the sound of this, but I want to hear your thoughts on what you think of tokenization in assets, and then I'll tell you why I'm not so much a fan.
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When m well so settlement being if I buy something from you it takes two days for the money to go to you and the yasa to come to me.
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And I get that, Paul.
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However, if I was to buy something from you, let's say that it's a commodity, right?
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And I don't know who you are, you're just the other side of a transaction and we're engaging on a stock market exchange.
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At least I know the clearinghouse will stand over that deal, which is if you fall through and you don't provide the asset or or whatever else, if we then move to where blockchain is, what the system at which this stands, but yet the central
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bank isn't involved or we don't have a big institution like that standing behind the trade, well then I'm relying on technology number one working and number two at absolutely enormo scale.
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And therefore untested.
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But who stands behind you then making sure that you make good on the deal, let's say, where I'm buying the coffee from you?
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Does it still uh then act as a clearinghouse?
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Like is it just the method in which we interact changes as a result of using blockchain instead of traditional systems?
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Or because it's disintermediated, are we now going around the traditional regulation regulated infrastructure?
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Yeah, what I'm really hearing you say here is that it's the technology is changing as opposed to the rules of engagement.
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I better explain why I was saying I wasn't so much a fan of a tokenized equity earlier, because if I buy a share on a stock exchange between a certain hour and a certain hour and I have a share in that company, well then I have, let's say, a vote.
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Most likely I will have an ownership of the share.
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And then of course I'm also gonna get the dividend if that's due to me.
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But if I have a tokenized equity, all I have is something that's tracking the price of the share, which means I don't have any of the above, like I've mentioned there earlier.
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Showing 481–500 of 3,107 · page 25 of 156
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