All Assets, Everywhere with Philipp from LI.FI
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Philip, you've been recently talking about RWAs and how that impacts Interop. I would love to know what what your thesis is.
I don't believe that RWAs impact Interop per se. It is more that Interop is the default today. It's given. It's necessary to even start any company in this space. You need multi chain connectivity, and may it just be that your users have an easy way to find you. Right? It's about the user's journey. And then with RWAs, of course, we also see a lot of minting on multi chain native assets or token standards like OFTs, NGTs, ITS, or CCTs. This is very interesting to see, obviously. So this shows that the modus operandi or the default paradigm already is multichain for these people, and that's obv
In terms of the subcategories of RWAs, treasuries, private credit, What is the most interesting to you right now?
I think there are multiple observations. We see a lot of assets being tokenized, but that alone is not enough. Right? They need to be liquid, and they need to find distribution. And then, ultimately, they need to find demand. And distribution and demand is a very typical chicken egg problem. Right? So why would MetaMask take the effort to specifically index RWAs if they don't know what is more important to them, doing that or making sure they support Mega ETH on day one? Per usual conflicting priorities and I believe that institutions are still figuring out what distribution even means. Does i
mean for it? But yeah. Quick note before we continue. About 96 percent of the people watching this aren't subscribed. You can see it right here. If this show has been useful, subscribing makes a real difference. It tells YouTube this is worth showing to more people, and it directly helps us bring on the founders and operators you want to hear from. So please subscribe to the show.
I mean, for the user, can you just give them a peek into what kind of complexities you guys have to deal with so that a swap is done in a click?
Yes. So for Liva, the story is very simple. We are looking at exponential fragmentation across blockchains, multichain token standards, native token standards, interoperability solutions and exchanges, and now with other ways, it's fragmenting even more. So we spent five years on building that orchestration layer or coordination layer at the top that allows to go in and out of any position. Very flexible, very modular, very chain agnostic, solution agnostic, at the same time scalable and enterprise grade reliability. So we have really been focusing on that specifically last year because the ye
Were there market conditions that demanded this kind of complexity into the product? Or is it something that you foresaw and then you decided that, okay, I think that the market is headed in that direction, and why not build for it right now rather than when the demand arrives?
We can start with the latter. Like, for LiFA, it was just clear from day one. I joined the space in '21. In February, March, April, March 21. Never touched crypto before. I didn't even have a centralized exchange wallet, so I was late to the But I came into this with a very technical perspective. Actually, the first blockchain I ever engaged with was was what was called again? The t, Tresor? No.
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