Is it possible for $200 trillion in global credit to move onchain, or is DeFi still trapped in speculation? Today’s guest is Paul Frambot, Co-Founder and CEO of Morpho. We explore the evolution of onchain credit, how decentralized finance is becoming a core technology stack for traditional finance, and what it takes to build a truly global, open credit network.Paul breaks down Morpho's shift from financial origination to pure technological infrastructure, connecting borrowers directly with tens of thousands of lenders at scale. From distribution partnerships with giants like Robinhood Earn and Coinbase to high-stakes institutional deals with Wall Street heavyweights like Apollo Asset Management, regulatory meetings with the SEC in Washington, and defending against North Korea's Lazarus Group with immutable code, Paul paints a compelling, pragmatic picture of how crypto will power the future of global financeTimestamps00:00 - Intro 00:47 - The Evolution of OnChain DeFi Lending02:15 - Building Morpho: Challenges and Philosophy04:07 - Early DeFi Traction and Growth Strategies05:59 - Morpho: Positioning as an Open Credit Network07:46 - Vetting Ecosystem Builders and Developers09:47 - Robinhood Earn Partnership & Mainstream Adoption15:07 - Institutional vs. Retail Strategies16:40 - The Apollo Asset Management Partnership17:35 - How Institutions Evaluate DeFi Risks19:48 - Navigating SEC Regulation and Compliance27:02 - Security Strategies: Addressing Lazarus Group Threats31:56 - Morpho’s Future Roadmap & 5-Year Vision37:01 - Core Principles for Thriving in the Crypto IndustryNew episodes every week https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZhttps://podcasts.apple.com/us/podcast/talking-tokens/id1743669141Follow us Jacquelyn on X: /jacqmelinek Talking Tokens on X: /_talkingtokens Talking Tokens on Instagram: /_talkingtokensFollow Paul Frambothttps://fr.linkedin.com/in/paul-frambot/enToday’s episode is sponsored by Anchorage Digital, America's first federally chartered digital asset bank and provider of regulated stablecoin issuance. To find out more, visit anchorage.com This episode is sponsored by Forgd, visit its Market Maker Leaderboard on Token Relations here: www.stratamedia.co/token-elations/leaderboard Note: This podcast is for informational purposes only. Views shared are opinions, not financial advice. The host or guests may have financial interests in discussed content.

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