Adam Back is the co-founder of Blockstream, the Bitcoin infrastructure company behind the Liquid Network, and one of the original figures in the cypherpunk movement. Jenny Johnson is the CEO of Franklin Templeton, the $1.8 trillion asset manager that was the first traditional finance firm to tokenize a money market fund.

In this episode, recorded live at the 2026 Proof of Talk Conference, Eleanor sits down with both guests to discuss the convergence of Wall Street and crypto, what institutional adoption means for Bitcoin’s original vision, why tokenization is gaining momentum, the future of wallet-native finance, and where the debate over stablecoin yield is headed.

TIMESTAMPS:

0:07 The Convergence Of Wall Street And Crypto

1:01 Cypherpunk Movement And Institutional Adoption

4:34 Efficiency In Financial Services Through Blockchain

8:04 Impact Of Regulation On Crypto And Financial Services

15:20 Wallet-Native Infrastructure Vs. Traditional Intermediaries

24:32 Bitcoin's Evolution

42:03 The Relationship Between Wall Street And Crypto

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Please note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

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