In this bonus episode of Tokenized recorded at Money20/20, Cuy Sheffield, Head of Crypto @ Visa is joined by Paul Frambot, Co-Founder & CEO @ Morpho to discuss on-chain lending in 2025 and more!

Timestamps:

• 00:00 Introduction
• 02:09 Stablecoins as checking accounts
• 02:58 The evolution of DeFi and smart contract lending
• 03:59 Transition from crypto collateral to real-world assets
• 07:24 Building trust for uncollateralized on-chain lending
• 09:13 Morpho's shift from application to infrastructure
• 11:57 Transparency benefits of on-chain lending protocols
• 13:27 Permissionless infrastructure with compliance capabilities
• 14:37 Banks integrating with on-chain lending networks
• 16:16 Global cross-border lending and regulatory approach

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This episode is brought to you by Visa

A world leader in digital payments, Visa is bridging the gap between traditional financial institutions and innovative blockchain networks, helping players in the payments ecosystem navigate the ever-evolving world of tokenized fiat currencies with confidence and ease. Learn more at visa.com/crypto.

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We’d also like to remind you that the views or opinions of our contributors today are their own and do not necessarily reflect those of the companies they are representing. Nothing we say should be taken as tax, financial, investment or legal advice, do your own research!

Music by Henry McLean