On the record about
2 people · 4 quotes · 7 Dec 2021 to 7 Dec 2021
2 of 2 lanes rest on fewer than 5 quotes and are marked thin. Offsets are days from the middle first-quote date, 7 Dec 2021 — a date, and nothing else. It is not a claim about who reached a view first.
Gurley says tokenization's intersection with marketplace and UGC companies is remarkably nuanced and tricky.
“There's a ton of people that are thinking about tokenization and how that intersects with a marketplace company or a UGC company and a game company.”
Gurley questions whether tokens have value without the ability to rake the system, citing Uniswap DAO.
“It's interesting to me. I've been spending a lot of time trying to go deeper on crypto, and I think there's a fascinating question about whether or not a token will have value if it doesn't have the ability to eventually rake a system that it's involved in. And one of the great examples out there is the Uniswap DAO”
Williams says stablecoins have moved from experiments to actual market use as financial assets are tokenized.
“Digital ledger technology is advancing, allowing financial assets—both money and securities—to be converted into digital tokens such as stablecoins, which are now being used in markets and not just tested in experiments.”
Williams suggests tokenized repos could reduce bank reserve demand by improving intraday liquidity management.
“A deep and liquid intraday market might enhance collateral management and reduce some frictions in managing intraday liquidity, which could reduce banks’ demand for reserves for payment purposes.”