Keone Hon (Monad Foundation) on Blockchains Built to Scale (EP.683)
Episode publishedPodcast: On The Brink with Castle Islan...On The Brink with Castle Island
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Today, I was joined by Kioni Han, cofounder of the Monad Foundation. In 2022, Kioni, together with his cofounders Eunice Giarda and James Hunsicker, set out to build a financial settlement system better than any before. Having spent a decade in high frequency trading and understanding the roots of financial markets, he and the team understood that blockchains could entirely reimagine financial markets and create a unified marketplace for assets, but not in their current form. With that in mind, Monad, the now almost fully mature brainchild of this vision, is a rearchitected version of the Ethe
Matt Walsh and Nick Carter are partners at Castle Island Ventures. All of these expressed by them or the guests on this podcast are solely their opinions and do not reflect the opinions of Castle Island Ventures. Guests and Hosts may maintain positions in the assets discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of their personal opinion. This podcast is for informational purposes only.
Brought down by Bad Mortgage Investments, Lehman, which has 25,000 employees, will be liquidated. The federal government loans International Group, AIG, $85,000,000,000. This is a different kind of market, and the Fed is asleep.
The federal government is stepping in to stabilize Fannie Mae and Freddie Mac, the two mortgage giants that have been threatened by the housing crisis.
The Bank of England has pumped 75,000,000,000 more into Britain's ailing economy with a new round of quantitative easing.
You print a couple trillion dollars, and all of a sudden, people start to worry. So out of this worry, we have something called the Bitcoin. Bitcoin.
Diony, thanks for sitting down today. It's a really interesting moment in that you guys are really close to a major launch here, which I think a lot of people are excited about. I wanted to get started maybe more broadly to ask what gets you excited today about on chain finance, Maybe going back to why you got into the industry and why you're still here. What do you say to people from the outside when they ask about what gets you excited?
I've been in the finance space for about ten years outside of crypto, working as a high frequency trading quant. It's very clear that certain markets are very well capitalized, in particular, the Western markets and especially the American market. But there's a much broader set of businesses out there that lack access to capital, lack the ability to get listed on a credible exchange. And just generally, there's a lot of innovation that's going on outside of America that doesn't have access to the same financial tools. So I think that on chain finance is incredibly exciting because it offers ev
It's interesting because I think we had the proliferation of exchanges in the stock market and that let, for example, anyone living in The US for the most part trade on a certain exchange. But there's still a disparate exchange system of where equities trade globally and it's not like it's seamless for me to go own an asset to trade on the other side of the world. And I think that's something we almost forget about or take for granted. But you have to imagine in a perfectly efficient market economy, there are a lot of transactions that aren't happening because people just can't access an oppor
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