CoinDesk Podcast Network

Tokenization is moving to the center of Wall Street. On this episode of CoinDesk’s Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Ondo Finance Global Head of Institutional Matthieu de Vergnes who explains how Ondo became No. 1 on RWA.xyz with more than $4 billion in real-world assets. Plus, he provides a look at how Ondo plans to give global investors access to Anthropic stock on IPO day. Next, Securitize Chief Operating Officer Billy Miller breaks down the firm’s expansion to 25 tokenized U.S. stocks on Solana, including Disney, ExxonMobil and GameStop, and tZERO CEO Alan Konevsky unpacks the firm’s plan to go public through a $350 million SPAC deal.

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Learn more at bullish.com.

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Register for Consensus Hong Kong 2027 (February 1-3) and Consensus Miami 2027 (May 4-6) at https://events.coindesk.com/.

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For more about CoinDesk Data & Indices, visit https://indices.coindesk.com/institutions.

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Timecodes:

00:00 - Welcome to Public Keys

00:17 - Ondo Ranks No. 1 on RWA.xyz With $4B+

00:50 - Ondo's Growth and 565K+ Holders

01:43 - Why Global Investors Want Tokenized U.S. Stocks

05:37 - Collateral, Portfolios and Perps: Ondo's DeFi Use Cases

07:20 - Ondo Intelligent Portfolios Top $50M

07:29 - Ondo Plans to Tokenize Anthropic on IPO Day

09:01 - Which Tokenized Equity Model Ondo Uses

11:11 - Securitize Adds 13 Stocks, 25 Now Trading on Solana

12:19 - Securitize's WSJ Ad and What Issuers Are Saying

13:54 - Synthetic vs. Entitlement: The Issuer Education Gap

16:20 - Will Investors Move Onchain?

18:01 - How Long Until All Equities Are Tokenized?

18:50 - What You Own With a Tokenized ExxonMobil Share

22:30 - tZERO Plans to Go Public in $350M SPAC Deal

24:13 - Inside tZERO's Tokenization and Derivatives Stack

27:03 - When Does Tokenization Go Mainstream?

29:11 - tZERO CEO: Tokenization Mainstream in "Under Five Years"

Democrats won control of both chambers of Congress, putting the CLARITY Act’s path in doubt after it stalled in the Senate in September. Analysts expect tougher consumer protections and stablecoin yield limits in the next draft. Plus, Bitcoin ETFs see $430 in outflows and Canary Capital launches an INJ ETF. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

CoinDesk’s The Policy Protocol hosts Renato Mariotti and Rebecca Rettig open on what the Democratic midterm sweep means for the CLARITY Act. They then dig into the CFTC’s approval of stock perps and the Cboe and Citadel Securities lawsuit challenging it.

They’re then joined by Security Alliance (SEAL) researcher Tay Monahan, who breaks down last week’s $6.3 billion Binance hack and argues that no regulator can stop North Korea on its own. Tay also explains how Tether, Circle and the wider industry moved to freeze stolen funds, and names the one control she’d put in place against North Korean IT workers: meeting employees in person.

Plus, Renato and Rebecca name onchain investigator ZachXBT as their Person of the Week.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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Timecodes:

00:00 - Welcome to The Policy Protocol

01:15 - Unpacking the Midterms: Is the CLARITY Act Dead?

03:12 - A 'Terrible Night for Crypto'?

06:16 - A 'Rump CLARITY' in the Lame Duck?

07:20 - CFTC Approves Stock Perps

10:28 - The $6.3B Binance Hack: SEAL's Taylor Monahan Joins

11:11 - Could Any Rulebook Have Stopped the Binance Hack?

13:01 - Why Hackers Target Crypto, and Why Banks May Be Next

15:20 - Keeping North Korean IT Workers Out

18:52 - Tether, Circle and the Industry-Wide Freeze

22:54 - Why the Feds Want Freezes Without Court Orders

25:00 - Person of the Week: ZachXBT

Google has agreed to backstop Anthropic’s $19 billion lease at bitcoin miner TeraWulf’s Kentucky data center. If Anthropic defaults, Google can take over the lease or take a stake in the project. Plus, Payward purchases AAVE tokens and Standard Chartered’s venture arm invests in Soter. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

Hyblock Capital co-founder and CEO Shubh Varma joins CoinDesk’s Ray Salmond on Markets Outlook in the aftermath of the largest hack in crypto history. Varma says the order books barely moved because Binance could cover the $6.3 billion loss and refunded users in coin, not dollars. Plus, what the Democrats’ midterm wave means for crypto regulation, why he thinks Bitcoin’s next run will come from capital rotating out of the AI trade, and his contrarian call that 2027 will be bullish despite a Fed that’s raising rates.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com [grayscale.com].

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Learn more about CoinDesk Data & Indices at coindesk.com/institutions.

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Timecodes:

00:00 - Shubh Varma Joins Markets Outlook

01:51 - Why Bitcoin Shrugged Off the Biggest Hack in History

04:12 - The Spot vs. Perps Signal to Watch

06:55 - Is Alt Season Dead for Good?

09:29 - Do Retail Investors Even Need to Trade Crypto Anymore?

12:38 - What the Midterm Blue Wave Means for Crypto

14:29 - Is AI Stealing Bitcoin’s Bull Run?

17:38 - The Contrarian Bull Case for 2027