/biz/ - Business & Finance

>>52848837

starting his section now at about 7:30

> last year we [the DTCC] processed 2.4 QUADRILLION dollars worth of securities
> ..It represents all broker 2 broker trades of equities, corporate debt, treasuries, in the US market


NANI THE FUCK

No wonder Chainlink just created the "Transaction value enabled" concept. Imagine charging 0.01% for all that value.

2.4* 1,000,000,000,000,000 *0.0001
2.4*10^15 *10^-3 => 24 Billion

Chainlink's marketcap is current 3.53B. This alone would almost x6 the price without factoring what new transaction value Chainlink will enable with novel use cases.

13:05 Sergey is asking them about tokenization of assets. Jonathan reaffirmed tokenization isn't going away and SWIFT accepted and will be supporting it but with the focus on tokenizing bonds and equities.
14:48 Stephen is giving his views on tokenization. DTCC did a test case via Project Whitney to see how valuable tokenizing equities was for their platform; it was quite successful and informative. They're working on DSM, Digital Securities Management and they're focused on tokenizing assets where the infrastructure is heavily underdeveloped; real estate, art, and pre-IPO equities.

I still don't know what a Pre-IPO equity is. But it seems Chainlink already found a niche to target and create a monopoly on in the traditional financial world to get in everyone's stack. Damn son.I was late to the conference so I came at the end of this talk. I'm glad I'm listening to it now.