Alex Treece, the president and cofounder of Zabo, joins the show.

• How a background in private equity equipped him to think about crypto as a asset class
• Why Alex founded his startup, Zabo
• Why there are so few successful examples of utility tokens
• How tokens sit in the asset class taxonomy
• Why token value accretion is reliant on an informal contract with the issuer
• Distinctions between tokens that represent real world securities and natively accretive cash flow tokens which resemble securities
• Why he's thinks that blockbuster token sales are a thing of the past
• Revisiting his old prediction that Bitcoin would outperform in a recession