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The biggest thing that most people are talking about in TradFi when it comes to tokenization, tokenization is just unitization on steroids. It's it's what we've all been trying to do in TradFi for a good long while, and this is just a way of doing it with operational simplicity and and and without just adding layers and layers of counterparty and operational risk.
This episode is sponsored by Canton, the only public permissionless blockchain built for institutional finance. We'll hear more from Canton later in the episode. Blockworks Digital Asset Summit is back in New York March. We'll have top speakers from leading asset managers, financial institutions, DeFi protocols, crypto companies, and policymakers all under one roof. Think BlackRock, Coinbase, Robinhood, and more. Follow the link in today's show notes to buy tickets and make sure to use code bell 200 for 200 off at checkout. See you there. Hey, everyone. Quick disclaimer before we get into toda
Alright, everyone. Welcome back to another episode of Bell Curve. Today, I'm joined by Theo Golden of Bailey Gifford and Sid Powell, Maple Finance. Guys, welcome.
Thanks for having us.
Yeah. Guys, this will be this will be a lot of fun. I think we're chatting about three weeks ahead of DAS. So I'll see you guys both there in New York, and maybe we can follow-up this virtual conversation with one in person and live, but excited to see you guys in person soon.
Yeah. Likewise. Should be good. I think this will be my fourth or fifth dash in a row.
We'll have to print a special badge for you, Sid. Yeah. Yeah. Well, guys, I thought it would be really interesting to chat to the two of you three weeks ahead of this event because you both represent really interesting sides of this burgeoning world of traditional finance and DeFi. Sid, you've been building one of the largest lending protocols or on chain asset managers in the space for a long time now. Theo, you work at Bailey Gifford, which is very well known over in The UK. But maybe for our American audience who might not be as familiar with Bailey Gifford, can you just give us a quick int
Yeah. Sure. So great to be with you guys. Bailey Gifford, we're a one of the bigger independent asset management, firms based out of The UK. We're about a 120 years old, privately owned, partner owned business. Everyone who owns the business works in the business, and we run about just, yeah, just around $300,000,000,000 of assets under management. We've been in tokenization for a while, kind of a bit more behind the scenes, but coming out of the coming out of the the curtain a bit more. But you're probably most most familiar for our kind of growth equity investing being long term investors in
Yeah. I think maybe we can just start off very high level here. And, you know, I've been hosting conversations like this for about eight years now, and, you I very much remember what Mike Novograd said, The herd is coming and the institutions are coming. They'll be here in six months, back in 2018. So it took a little bit longer than we first thought, but it does seem as though they're here. Although, obviously, in crypto, I think we're guilty of treating all institutions as this very homogenous group when they're very different. And I would like to understand, if we're scaling this on scale o
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