Invest Like The Best
Episode 145 The Future of Blockchain and Financial Services
Invest Like The Best

Episode 145: The Future of Blockchain and Financial Services

Invest Like The Best

Episode 145

The Future of Blockchain and Financial Services

Chad is the CEO and co-founder of Paxos, a financial technology company. We cover the foundations of the current financial system, how Chad first came across bitcoin and how blockchain's open architecture could re-build the infrastructure of finance.

This episode is brought to you by:

Paxos. Paxos offers your customers crypto buying, selling, transferring, and more with easy-to-integrate APIs. Whether you’re a small fintech or a large financial institution, Paxos takes care of everything in the backend – from licensing and compliance to custody and exchange. You can start offering crypto to your customers within months. To learn more, visit paxos.com/patrick.

[00:01:32] – (First Question) – His work in the finance world before cryptocurrencies

[00:05:12] – Experience navigating the subprime mortgage crisis and what it taught him about blockchain

[00:09:59] – The levers that matter in the financial services industry today vs when he first started

[00:14:07] – Open vs closed money in financial services

[00:19:16] – How slowdowns are different in the modern era

[00:23:06] – What would lead to a major winding down of global debt

[00:27:09] – What would be his focus as a traditional investor

[00:29:21] – How he first got involved with bitcoin

[00:29:47] – Elliott Wave Newsletter

[00:31:53] – His measured view of Bitcoin and living through the volatility of it

[00:32:03] – Bitcoin: A Peer-to-Peer Electronic Cash System

[00:35:57] – Allocation of a portfolio which includes crypto

[00:36:54] – His involvement and feelings on gold

[00:37:56] – The formation of Paxos and the problem it exists to solve

[00:41:34] – How Paxos is impacting the finance space

[00:44:12] – Advantages of a private blockchain

[00:43:59] – What is Pax Gold and how does it work

[00:48:53] – Bad ways and situations to own gold

[00:52:12] – Using a stable coin

[00:56:00] – Biggest problem they are working on now

[00:57:23] – What should people pay attention to in the cryptocurrency space

[00:59:23] – Coindesk Research Archive

[00:59:39] – Has the influx of interest in crypto helped other spaces

[01:02:11] – Other lessons people should learn from his career

[01:04:53] – Kindest thing anyone has done for Chad

The Future of Blockchain and Financial Services

Introduction

Patrick
My guest this week is Chad Cascarilla, the CEO and co-founder of Paxos, which describes itself as a financial technology company "mobilizing assets at the speed of the internet". Thanks to more than 20 years of investing and financial services experience, Chad has a unique perspective on integrating blockchain tech with traditional systems. He also has one of my favorite Bitcoin origin stories, which we explore. Before Paxos, Chad co-founded the asset management complex Cedar Hill Capital Partners in 2005, and its blockchain-focused venture capital subsidiary Liberty City Ventures. Our conversation is less about cryptocurrencies, and more about the history, current state and potential future states of our financial system. Please enjoy.

From Traditional Finance to Bitcoin

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