I assume some day you’ll make money on that thing!” “We manage about 10 million Space X and we have fractionalised one of the OP units out of the BVI (British Virgin Islands) and that’s available in Asia for about 200 bucks a shot as a derivative … That’s a tokenised offering, a marquee security. Sweeney reiterated that only tokenisation can lower barriers sufficiently to allow retail customers entry to the juiciest new investments, SpaceX for example! “I’m of the stance that only highly-educated investors should be investing in early-stage high-risk assets.” “Tokenisation allows a global audience to get access to global issuances that they don’t currently get and so it nurtures liquidity in things where liquidity doesn’t exist currently.”īedrock X’s Fechnay agreed but added a substantial caveat emptor So, who exactly are the intended investors for such high risk securities?Īccording to Barnby, chief marketing officer at Archax, the ideal token investor is anyone and everyone, the economy token being nothing less than an exercise in “democratisation.” “there are no new products here.” – Jeffrey sweeney It’s not the products that are changing but the customers. Space travel is nothing new (even dogs have done it!) and neither is leveraging the opportunity to break earth’s surly bonds for commercial gain. Such an assertion proves doubly accurate when one considers US Capital Global’s first tokenised products, which include pre-IPO shares in Elon Musk’s aforementioned celestial cab company. The affable Californian bravely admitted to an audience of handpicked industry insiders that, “there are no new products here.” Tuesday’s event saw Madame Deficit’s words breathed new life on the avuncular lips of US Capital Global’s CEO Jeffrey Sweeney. The evening’s discourse also brought strongly to mind words allegedly spoken by Marie Antoinnette, “There is nothing new except what is forgotten.” The last Queen of France had quite the head on her shoulders until, well, she didn’t and her words are as true today as they were in the 1780s. The crux of the debate centred not so much on whether tokenisation is the next big thing (each panellist having already supped merrily from the Kool-Aid) but rather when and in what form it will ascend. (L-R) Mochan, Sweeney, Davies, Fechnay and Barnby Meanwhile, on the other side of the pond another innovation was getting ready for takeoff…Īt Barclays Rise on April 16, “The Power of Tokenisation – More Money for More People?” saw five champions of digitised assets convene to wax lyrical about the current state of the nascent token economy.Ĭonsidering they’re all on the same team, event sponsor Jeffrey Sweeney (US Capital Global), Nancy Fechnay (Bedrock X), Scott Davies (Torca), Simon Barnby (Archax) and Phil Mochan (Koine Finance) found plenty to bicker about! Good job then that TFT’s own Katia Lang was on hand to moderate proceedings. Following its maiden flight, the Falcon Heavy touched down safely on a drone ship named ‘Of Course I Still Love You’ in the Atlantic Ocean. By Matthew Dove (Senior Editor) On April 11 at 6:30pm, SpaceX successfully launched the world’s most powerful operational rocket.
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