Terra Luna collapsed. Billions evaporated. And most of crypto moved on.

Michael Bar-Zeev didn't.

In this full audio episode of the RWA Igloominati Podcast, we sit down with the co-founder of Shift RWA to unpack how the Terra collapse exposed structural weaknesses in stablecoins — and how that insight led Shift to build a fully-backed, bankruptcy-remote, retail-first RWA platform focused on compliant tokenized assets.

Shift originally explored a CPI-tracking stablecoin model — but evolved into building fully compliant, 1:1 backed tokenized stocks like Tesla, NVIDIA, SPY, BMW and more. These assets are held with regulated European banking and brokerage partners, supported by structured custody, proof-of-reserves thinking, and legal frameworks designed to protect users even in bankruptcy scenarios.

This conversation goes deep into the real mechanics behind RWAs — not just the headlines.

🔑 In this episode:

• Why Tether & Circle created a stablecoin duopoly

• The original CPI-tracking yield stablecoin thesis

• Why Shift pivoted toward tokenized single stocks

• 24/5 TradFi vs 24/7 crypto markets (the hard problem)

• Liquidity design, impermanent loss & RFQ models

• Retail-first RWAs vs institutional-only tokenization

• DAO governance, liability, insurance & decentralization myths

• User-driven RWA tokenization and future product direction

If you care about compliant tokenized stocks, real-world assets, and how serious builders are approaching on-chain finance — this episode is worth your time.

Crypto doesn't need more hype. It needs better structure.

📌 Follow Michael: https://x.com/Micobz 📌 Follow Shift RWA: https://x.com/ShiftRWA 📌 Follow RWA Igloominati: https://x.com/RWA_igloominati 📌 Follow Jon Reynolds: https://x.com/_jreynolds999 📌 Follow Alan Thomas: https://x.com/alancarroII

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