The Rollup – Podcastlijstje

Where digital assets and finance converge. Live from the financial capital of the world.

Website: https://therollup.co/

Afleveringen

Diego Perez de Ayala: Wall Street Is Going Onchain (Frictionless)

4 november 2026 · 33 min
Afspelen

Diego Perez de Ayala says the industry chased the wrong bet for years, and the trillions are in rebuilding the financial system itself. Lees meer

Diego, known as Solana Legend, joins Andy and Rob live from the Empire State Building to lay out the thesis behind Frictionless. They talk about why the nouns of Wall Street are already onchain but its verbs are still early, the race to get licensed before the regulatory window shuts, and why tokenization today looks like stablecoins in 2014. He also covers the incumbents' Kodak dilemma, why chains that ignore capital markets won't survive, and what could justify trillion-dollar layer ones.

Diego Perez de Ayala, known as Solana Legend, is Co-Founder of Frictionless, backing onchain trading and capital markets infrastructure including Backpack and Titan.

Finance is being rewritten on the internet, and only one in twenty of its functions has been built.

Timestamps:

00:00 Intro

01:21 Web 3.0 Narrative Proved Largely False

04:08 Funding The Verbs Not The Nouns

06:10 Licenses Race Before The Window Shuts

10:24 Tokenization Looks Like 2014 Before Tether

13:00 How Wall Street Actually Comes Onchain

15:26 Companies Earning A Billion A Month

17:27 Incumbents Face The Kodak Dilemma

21:29 Missing 24/7 Trading Is A Scam

23:47 Chains Ignoring Capital Markets Are Cooked

26:18 Do Layer Ones Justify Trillion Valuations

30:10 Return Dispersion Lets Investors Outperform

32:30 One Out Of Twenty Verbs Built

Guest Socials:

Diego Perez de Ayala X: https://x.com/SolanaLegend

Frictionless X: https://x.com/FrictionlessVC

Frictionless Website: https://frictionless.capital/

Partners:

Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.

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Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions …
Kristen Mierzwa: The Russell Is Going Onchain 24/7 (Insider Take)

3 november 2026 · 21 min
Afspelen

Kristen Mierzwa says every big traditional asset class now wants what digital assets have had all along: 24/7 markets. FTSE Russell has priced digital assets around the clock since 2019, and now it's working on taking equities, fixed income, commodities and more to 24/7 too. Lees meer

Live from Link:NYC in Hudson Yards, FTSE Russell's Head of Digital Assets explains how Hyperliquid's weekend oil trading changed the conversation, why index providers and exchanges need to be the trusted source of price for 24/7 markets, and how the Russell indices are already going onchain, from OTC swaps on the Canton Network on the Russell 2000 to the DTCC tokenizing constituents of the Russell 1000. She breaks down why demand for 24/7 trading is coming from outside the US, why FTSE Russell is expanding its stablecoin coverage from 12 to 95 and pricing from decentralized exchanges, and how tokenization lets one product hold Bitcoin, gold, silver and the biggest tech stocks side by side. She also explains why believing in tokenization means believing in the layer ones it runs on.

Kristen Mierzwa is Head of Digital Assets at FTSE Russell, an LSEG business.

The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.

Timestamps:

00:00 Intro

03:04 Every Asset Class Is Going 24/7

07:45 How The Russell Indices Go Onchain

10:52 24/7 Demand Is Coming From Outside The US

14:07 Stablecoin Coverage Grows From 12 To 95

17:21 Trillions In Index Assets Can Come Onchain

20:24 Tokenization Runs On Layer Ones

Guest Socials:

Kristen Mierzwa LinkedIn: https://www.linkedin.com/in/kristen-mierzwa

FTSE Russell X: https://x.com/FTSERussell

FTSE Russell Website: https://www.lseg.com/en/ftse-russell

Partners:

Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.

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Jeremy Schwartz: Today Is Nothing Like The 2000 Tech Bubble

2 november 2026 · 35 min
Afspelen

Jeremy Schwartz says today is nothing like 2000. The expanded tech sector trades around a 22 forward P/E, Tesla is the only big stock priced like the dot-com era, and for public market investors there's no real bubble. If anything, he says, AI adoption hasn't even reached the national anthem. Lees meer

On Convergence, our series with WisdomTree, WisdomTree's Global Chief Investment Officer explains why markets are climbing a wall of worry with reasonable valuations, why he doesn't see a dramatic Fed hiking cycle, and how people across his firm built around 60 apps in five months by vibe coding, which makes him want more people using these tools, not fewer. He breaks down WisdomTree's push into tokenization, from tokenized gold to a tokenized money market fund that can now trade 24/7, and why tokenized ETFs are coming as the SEC pushes progress forward. He also previews the new collaboration with Return Stacked ETFs and explains why a few percent in Bitcoin makes sense as a diversifier in multi-asset portfolios.

Jeremy Schwartz is Global Chief Investment Officer at WisdomTree and co-author of Stocks for the Long Run with Professor Jeremy Siegel.

The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.

Timestamps:

00:00 Intro

04:16 Today Is Nothing Like 2000

07:25 AI Is Still In The Earliest Innings

12:03 Vibe Coding 60 Apps In Five Months

18:36 From Gold To Tokenized Gold

24:39 Tokenization Is Coming For Your Checking Account

32:25 Tokenized ETFs Are Coming

Guest Socials:

Jeremy Schwartz X: https://x.com/JeremyDSchwartz

WisdomTree X: https://x.com/WisdomTreeFunds

Partners:

Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.

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Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic En…
James Seyffart: Tokenization Is Still So Early, We're In The Second Inning

1 november 2026 · 19 min
Afspelen

James Seyffart says we are so early in the tokenization build-out, like the second inning. Tokenized stocks are ramping aggressively, following the same path stablecoins took a few years ago, and the total addressable market is absolutely massive. Lees meer

Live from Link:NYC in Hudson Yards, Bloomberg Intelligence's senior research analyst explains why the DTCC's tokenization service and the biggest banks and broker-dealers testing onchain rails are only just getting started, and why he expects most stuff to be tokenized in 10 to 15 years, often without investors even noticing. He breaks down why tokenized ETFs and tokenized stocks are two bridges between TradFi and DeFi that will eventually merge, how skeptics at Bloomberg went from dismissing blockchain to quoting Hyperliquid and Polymarket prices, and why Zcash has become one of the most talked-about assets among institutional clients. He also lays out why he thinks Bitcoin reaches $10 trillion by the end of the decade.

James Seyffart is a Senior Research Analyst at Bloomberg Intelligence.

The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.

Timestamps:

00:00 Intro

03:35 Tokenization Is Only Just Getting Started

07:18 Bloomberg Skeptics Now Quote Hyperliquid

13:09 Institutions Are Intrigued By Zcash

17:31 Bitcoin Is Heading To $10 Trillion

Guest Socials:

James Seyffart X: https://x.com/JSeyff

Bloomberg Intelligence X: https://x.com/BBGIntelligence

Bloomberg Intelligence Website: https://www.bloomberg.com/

Partners:

Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.

---

Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.

Learn more here: https://www.zama.org/

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𝗪𝗲 𝘁𝗿𝘆 𝗼𝘂𝗿 𝗯𝗲𝘀𝘁…
Sergey Nazarov: Tokenization Will 10x The Money Coming Onchain

31 oktober 2026 · 27 min
Afspelen

Sergey Nazarov says the whole industry only keeps succeeding if net new money keeps coming onchain, and now the job is to 10x that money. The way to do it, he says, is to use tokenization to build financial products that are better than their traditional versions. Lees meer

Live from Link:NYC in Hudson Yards, the Chainlink co-founder explains why Chainlink has grown from an oracle into a collection of tools and full solutions, from a custody product already adopted by Anchorage to securities and cash lending across DeFi and TradFi, and why that makes it as hard to describe as Amazon Web Services. He breaks down why 24/7 markets need 24/7 data, what connecting the DTCC's collateral app chain to the Swift ledger would unlock, and why the really huge volume will come from cross-border flows, with capital in places like Dubai and Singapore finally able to reach US assets. He also previews, for the first time, a new Chainlink solution built for AI agents to use DeFi, securities lending and real-world assets.

Sergey Nazarov is the Co-Founder of Chainlink.

The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.

Timestamps:

00:00 Intro

04:15 Chainlink Is The AWS Of Onchain Finance

07:25 Tokenized Assets Must Beat TradFi

10:32 What Connecting Swift And DTCC Unlocks

13:42 The Huge Volume Will Be International

17:32 Global Distribution Needs Tokenization

20:54 Chainlink Is Building For AI Agents

25:27 Tokenization Will 10x The Money Onchain

Guest Socials:

Sergey Nazarov X: https://x.com/SergeyNazarov

Chainlink X: https://x.com/chainlink

Chainlink Website: https://chain.link/

Partners:

Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.

---

Zama is an open source cryptography company that builds state-of-the-art Fully Homomorph…
Jim Ferraioli: Tokenization Is Now The Wall Street Consensus

30 oktober 2026 · 16 min
Afspelen

Jim Ferraioli believes Wall Street's move on-chain has finally arrived, and that this cycle is unlike any before it. Lees meer

In this episode, Rob sits down with Jim, Head of Crypto Research at Charles Schwab, to talk about the institutional shift in digital assets. They cover why this cycle is different, how Schwab approaches research as a firm that doesn't issue tokens, and the pushback against tokenized equities. They also discuss Schwab's spot trading launch, why demand for tokenization comes from inside the institutions rather than from clients, and why regulatory clarity is still the biggest hurdle to full adoption.

Jim Ferraioli is Head of Crypto Research at Charles Schwab, where he brings a fundamental equities approach to analyzing blockchains and digital assets.

The walls between traditional finance and digital assets are coming down, and the next wave of innovation is just getting started.

Timestamps:

00:00 Intro

01:44 Bitcoin Halving Cycle Isn't Dead

03:44 Different Ways To Research Digital Assets

06:32 Full-Page Ad Against Tokenized Shares

08:37 Shareholders Won't Care If It's Tokenized

11:27 Spot Trading Already Live For Clients

13:29 Corporate America Wants Proof Of Demand

15:29 Regulators Could Change In Two Years

17:30 Excited For New Areas Of Innovation

Guest Socials:

Jim Ferraioli X: https://x.com/jimferraioli

Charles Schwab X: https://x.com/CharlesSchwab

Charles Schwab Website: https://www.aboutschwab.com/

Partners:

Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.

---

Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.

Learn more here: https://www.zama.org/

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𝗪𝗲 𝘁𝗿𝘆 𝗼𝘂𝗿 𝗯𝗲𝘀𝘁 𝘁𝗼 𝗽𝗿𝗼𝗱𝘂𝗰𝗲 𝗵𝗶𝗴𝗵-𝗾𝘂𝗮𝗹𝗶𝘁𝘆, 𝗻𝗼𝗻-𝗯𝗶𝗮𝘀𝗲𝗱, 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝗻𝘁𝗲𝗻𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺. 𝗦𝘂𝗽…
Matt Hougan & Ryan Rasmussen: The Next Bull Run Is Already Here (There Are No Sellers Left)

29 oktober 2026 · 29 min
Afspelen

Matt Hougan and Ryan Rasmussen say the money that was going to leave digital assets already left, and once the Anthropic IPO passes, the floodgates could open for capital rotating into the next big thing: tokenization and stablecoins. Lees meer

Live from The Bridge by The Tie in New York City, Bitwise's CIO and Head of Research explain why short-term shocks from the Fed, the election and the AI trade are hiding what Hougan calls a long-term, extraordinarily great setup, driven by 300,000 financial advisors finally making a 2% allocation and regulation like the GENIUS Act still working its way through. They break down why there are no more sellers left, why digital assets look remarkably undervalued next to other categories, and why stablecoins, tokenization and perps are taking off at exactly the right time, with the regulation, the institutional adoption and the access all in place. They also explain why bad builders can no longer ride the beta, and why fundamental buyers stepping in should mean fewer 90% drawdowns for real projects with real revenue.

Matt Hougan is Chief Investment Officer at Bitwise. Ryan Rasmussen is Head of Research at Bitwise.

The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.

Timestamps:
00:00 Intro
01:16 Why Pessimism Feels So Natural Right Now
04:09 When AI Capital Rotates Into Digital Assets
07:03 All The Sellers Already Left The Market
11:07 BlackRock And SEC Changed Everything For Bitcoin
13:11 Perps Stablecoins And Tokenization Are The Big Three
16:00 Think In Network Ownership Not Just Price
19:32 Zcash Could Reach One-Tenth Of Bitcoin
22:13 Easier To Invest Harder To Build Today
24:13 Fundamentals Create Buyers When Prices Dip
26:02 Everyone Said Perps Were Done After BitMEX
28:02 Consensus Winners Still Have Room To Run

Guest Socials:
Matt Hougan X: https://x.com/Matt_Hougan
Ryan Rasmussen X: https://x.com/RasterlyRock
Bitwise X: https://x.com/Bitwise

Partners:
Space and…
Arush Sehgal: Tokenized Clearing Is The Next Big Unlock (Full Interview)

28 oktober 2026 · 41 min
Afspelen

Arush Sehgal joins us for an insider look at the clearing breakthrough that could change how every tokenized asset trades. Lees meer

Alpaca's Head of Digital Assets explains why the Instant Tokenization Network (ITN) has become essential infrastructure for tokenized equities, with over $5 billion in flows cleared in its first year. He breaks down the shift from tokenized custody to tokenized clearing, why post-trade settlement and multilateral netting matter, and what's live today versus coming next.

Arush Sehgal is Head of Digital Assets at Alpaca and co-founder of the Instant Tokenization Network.

The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.

Timestamps:

00:00 Intro

02:03 ITN Hit $5B In Flows Already

05:21 Why Tokenized Spot Is Harder Than Perps

07:24 TradFi Market Makers Cannot Naked Short

09:13 Multimodal Equities Era Has Begun

11:46 Transfer Agent Is The Source Of Truth

13:53 Token Is The Share Is A False Narrative

17:29 AMC Weekend Price Dislocation Explained

19:35 Market Makers Beg For Weekend Minting

23:37 Multilateral Clearing The Next Frontier

28:53 NSCC Clears 4.6 Quadrillion Annually

30:02 Digital Assets Operates On Debit Cards

33:09 Retail Gets ITN Access Via Facilitating AP

36:03 Banks Forced Into 24/7 By Their Executives

38:07 OKX Partners With NYSE Parent On 24/7

Guest Socials:

Arush X: https://x.com/arush

Alpaca X: https://x.com/AlpacaHQ

Alpaca Website: https://alpaca.markets/

Partners:

Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.

---

Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.

Learn more here: https://www.zama.org/

---

𝗪𝗲 𝘁𝗿𝘆 𝗼𝘂𝗿 𝗯𝗲𝘀𝘁 𝘁𝗼 𝗽𝗿𝗼𝗱𝘂𝗰𝗲 𝗵𝗶𝗴𝗵-𝗾𝘂𝗮𝗹𝗶𝘁𝘆, 𝗻𝗼𝗻-𝗯𝗶𝗮𝘀𝗲𝗱, 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 …
CZ: Why Tokenization Will Open U.S. Markets To The Rest Of The World

27 oktober 2026 · 7 min
Afspelen

CZ joins us in NYC the same morning he rang the Nasdaq opening bell, with a clear message: tokenization is how the rest of the world gets access to U.S. markets. Lees meer

Most people outside the U.S. can't open a U.S. brokerage account, and many who can are stuck with trading hours from midnight to 6 a.m. CZ explains why putting stocks onchain opens that liquidity to everyone, 24/7, and why it works in reverse for companies stuck in thin local markets. He also covers BNB Chain leading on tokenized real-world assets, why tokenizing gold, rare earths and other natural resources can finally give them liquidity, his take on the pushback from listed companies, and why traditional finance and onchain finance are becoming one industry.

Changpeng Zhao (CZ) is one of the most influential builders in digital assets. He joined The Rollup right after ringing the Nasdaq opening bell for BNB Standard Corporation.

The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.

Timestamps:

00:00 Intro

00:10 CZ Feeling Good After Ringing NASDAQ Bell

00:21 BNB Chain Dominating Tokenized Assets

01:46 World Needs Access To Onchain Liquidity

02:50 Exporting U.S. Capital Markets

04:12 CZ's Take On Tokenization Pushback

05:37 Future Of Onchain Finance In The USA

Guest Socials:

CZ X: https://x.com/cz_binance

Partners:

Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.

---

Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.

Learn more here: https://www.zama.org/

---

𝗪𝗲 𝘁𝗿𝘆 𝗼𝘂𝗿 𝗯𝗲𝘀𝘁 𝘁𝗼 𝗽𝗿𝗼𝗱𝘂𝗰𝗲 𝗵𝗶𝗴𝗵-𝗾𝘂𝗮𝗹𝗶𝘁𝘆, 𝗻𝗼𝗻-𝗯𝗶𝗮𝘀𝗲𝗱, 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝗻𝘁𝗲𝗻𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺. 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝘂𝘀 𝗯𝘆 𝗰𝗹𝗶𝗰𝗸𝗶𝗻𝗴 𝗮𝗻𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗹𝗶𝗻𝗸𝘀 𝗯𝗲𝗹𝗼𝘄 𝗳𝗼𝗿 𝗳𝗿𝗲𝗲 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:

Website: https://therollup.co/…
Tarun Chitra: Quantum Money Is The Next Frontier For Digital Assets (Full Interview)

26 oktober 2026 · 23 min
Afspelen

Tarun Chitra says the future of money will be built to survive even if all of today's cryptography breaks. In this conversation, he explains why Ethereum works as a cryptographic safety net, and why the world computer was always a flawed idea. He also walks through how quantum money uses the no-cloning theorem to prevent double spends. From there he looks at where things go once compute is no longer the product, and what AI agents mean for digital assets. Lees meer

Tarun Chitra is the founder and CEO of Gauntlet.

The next era of digital assets is closer than it looks.

Timestamps:

00:00 Intro

02:17 Ethereum As Cryptographic Safety Net

04:20 World Computer Was Always A Flawed Idea

06:49 Temporary Execution Environments Made On Demand

09:59 No Cloning Theorem Prevents Double Spend

11:39 Quantum Money Goes Beyond Vitalik's Paper

13:25 Puck Moves To Quantum Money After Bitcoin Breaks

16:23 Post-Economic Life In Digital Assets

19:38 AI Agent Full Ported Into A Dog Coin

22:34 Compute Is No Longer The Product

Guest Socials:

Tarun Chitra Socials: https://x.com/tarunchitra

Gauntlet Website: https://www.gauntlet.xyz/

Gauntlet Socials: https://x.com/gauntlet_xyz

Partners:

Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.

---

Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.

Learn more here: https://www.zama.org/

---

𝗪𝗲 𝘁𝗿𝘆 𝗼𝘂𝗿 𝗯𝗲𝘀𝘁 𝘁𝗼 𝗽𝗿𝗼𝗱𝘂𝗰𝗲 𝗵𝗶𝗴𝗵-𝗾𝘂𝗮𝗹𝗶𝘁𝘆, 𝗻𝗼𝗻-𝗯𝗶𝗮𝘀𝗲𝗱, 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝗻𝘁𝗲𝗻𝘁 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁𝘀 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺. 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝘂𝘀 𝗯𝘆 𝗰𝗹𝗶𝗰𝗸𝗶𝗻𝗴 𝗮𝗻𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗹𝗶𝗻𝗸𝘀 𝗯𝗲𝗹𝗼𝘄 𝗳𝗼𝗿 𝗳𝗿𝗲𝗲 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀:

Website: https://therollup.co/

Spotify: https://open.spotify.com/show/1P6ZeYd...

Podcast: https://therollup.co/category/podcast

Follow us on X: https://www.x.com/therollupco

Follow Rob on X: https://x.com/robbiekl…