Summary:

In this 117th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Dan Doney, CEO of Securrency, a blockchain-enabled tokenization platform that bakes compliance into the actual token. This enables the token to represent the actual asset and simultaneously has rules set around who can participate, what the issuance policies are, and what government regulations come into play. 

Episode Highlights: 

● 00:13 – Jason Pereira introduces Dan Doney and what Securrency is, 

● 00:52 – Dan Doney explains Securrency. 

● 02:21 – How and why did Securrency get started? 

● 08:19 – What is the ideal situation for blockchain tokenization? 

● 11:02 – What is happening with the WisdomTree investment in Securrency and innovations in the blockchain space? 

● 17:16 – How do liquidity rules apply to Securrency? 

● 18:32 – The boundary is only formed by the qualifications of the users and the instruments that they care trading and whether there is a match. 

● 19:18 – Jason and Dan talk about securitization of real estate and usership. 

● 24:47 – What would Dan Doney change in his business or industry? 

● 28:34 – What have been the biggest challenges that Dan has faced? 

● 30:30 – What is the most exciting thing that he is working on? 

3 Key Points 

1. Securrency patented a concept that allows you to flexibly generate an easy user interface to drag-and-drop rule sets so lawyers and regulators can see the frameworks to enforce global securities regulations. 

2. Banks spend $240 billion a year on compliance. 

3. If a venueless boundary can be created for rules and enforcement of rules, do you really need to have a central location under which the exchange takes place? 

Tweetable Quotes: 

● “We emphasize specifically interoperability and one of our hallmark components is the ability to link existing financial service networks to the blockchain space.” – Dan Doney 

● “The tokens know what they are allowed to do and they only allow themselves to participate in transactions between known and qualified parties, regardless of the type of instruments.” – Dan Doney 

● “What you want is a global venue where the instrument itself knows what the rules are and it is able to enforce the rules without boundaries, or at least the only boundary is the regulatory framework that applies for the instrument and any participants in the trade.” – Dan Doney 

Resources Mentioned: 

● Facebook – Jason Pereira’s Facebook 

● LinkedIn – Jason Pereira’s LinkedIn 

● FintechImpact.co – Website for Fintech Impact 

● JasonPereira.ca – Sign up for Jason Pereira’s newsletter 

● Linkedin – Dan Doney’s

● Securrency – Website for Securrency 

Hosted on Acast. See acast.com/privacy for more information.