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Ripple's Final Boss Plan for XRP: The Bank Charter, Evernorth & the Race to Control Liquidity — Transcript

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0:00Binance, they had a breach $6.2 billion
0:03[music] heist.
0:03>> Where do you hide that type of money?
0:05>> Do it matter.
0:07Do it matter. But I'mma tell you what
0:09does matter. This great settlement risk
0:11war where all of the banks and all of
0:13the cryptocurrency companies, they're in
0:15a real life race to see who is going to
0:18be the world leader in establishing
0:21instant settlement. So we got JP Morgan,
0:23Circle City, DTCC, Ripple. What
0:27difference does it make if we can settle
0:28money instantly and it gets stolen
0:31instantly? Ripple had their annual
0:33conference called swell. 10 major things
0:35came out of that conference. It changed
0:37the game. Ripple got their bank charter.
0:40Ripple National Trust Bank. Is it a bank
0:42that you can go and deposit your money
0:43in? No. Based on my measuring stick
0:46after swell, the rankings changed. If
0:49you got a half a billion dollars that
0:51their whole business model is to buy and
0:53sell XRP and it is publicly traded,
0:55[music] what do you think that's
0:57providing for XRP? All right, y'all know
1:00the drill. This is not financial advice.
1:01Everything you're about to experience
1:02here is for information and educational
1:04purposes only. Do your own research and
1:06remember that every [music] investment
1:08has a risk of loss of your money. I am
1:10not a financial adviser. I am not your
1:11financial [music] adviser. Do your own
1:13research. And with that being said,
1:14enjoy the show.
1:17>> [music]
1:23>> Binance,
1:25the world's largest cryptocurrency
1:27exchange.
1:29Last week, they had a breach. $6.2
1:31billion heist.
1:34>> Billion dollar heist.
1:35>> What do you hide? That's how we
1:37>> do it matter. [laughter]
1:40>> Do it matter. But I'm going to tell you
1:41what does matter.
1:44We've been talking about this great
1:46settlement risk war where all of the
1:49banks and all of the cryptocurrency
1:52companies are in a race. They're in a
1:55real life race to see who is going to be
1:58the world leader in establishing instant
2:02settlement.
2:03>> Okay. So, we got JP Morgan, Circle City,
2:08DTCC, Ripple. We got about 28 different
2:12people and they are at it tooth and nail
2:15>> to figure out who is going to win this
2:18race.
2:19>> What difference does it make if we can
2:21settle money instantly
2:24and it gets stolen instantly?
2:28>> Mhm.
2:30>> So while this bank heist was happening,
2:33crypto heist was happening,
2:35>> this was all happening while we were
2:37recording last week talking about
2:38Ripple. Guess what else was happening
2:40while we were recording last week
2:42talking about Ripple.
2:43>> What
2:43>> Ripple had their annual conference
2:46called Swell.
2:48>> 10 major things came out of that
2:50conference. It didn't change the
2:52validity of the stuff that we were
2:53talking about, but it did change some
2:55urgency. It changed the game.
2:57>> They had that while we were filming.
2:58>> While we were talking, specifically
3:01while we were talking, they had a huge
3:02announcement literally while we were
3:04filming.
3:06>> One specific huge announcement. So on
3:08this episode, we're going to talk about
3:10the top 10 things that came out of Swell
3:13last week. This conference, I think it
3:15ran from October 27th through the 29th.
3:18So we recorded on the 26th.
3:20>> Mhm.
3:20>> The conference happened 27th through the
3:2229th. We're going to talk about the top
3:2410 things that happened just before and
3:27during. So it was all around that. Like
3:30all of these things were happening at
3:32the same time. Okay.
3:33>> Okay.
3:35And two of these things we're going to
3:36do a deep dive in because they are
3:39massively important. With that being
3:42said,
3:45I'm just going to rattle off the top 10
3:47things right now.
3:48>> Mhm.
3:48>> Okay.
3:50I'm going to go all the way down to
3:51number one, the most important one at
3:53the end. Actually, this is in no
3:55particular order. I'm just going to save
3:56the last two for the end. Okay.
3:58[laughter]
3:59All right. Number one, Bank of New York
4:01expanded custody. They announced it at
4:04the event. They add support for XRP and
4:07RLUSD to its institutional digital asset
4:10custody platform. So for those of you
4:12who are brand new to this series, we are
4:15doing like a three, five-part series. I
4:18don't know how many parts
4:20probably end up being like a four-part
4:22series. However many it take to get
4:23>> However many it take to I don't normally
4:25like to do series but this is so
4:28important y'all.
4:30>> Like so we are at y'all think we in an
4:34interesting time because of AI. Forget
4:35AI. We're in an interesting time because
4:37of this. This is changing how money
4:41works.
4:42>> Mhm.
4:42>> And you're so blessed because you're got
4:47a front row seat. In 30, 40 years, the
4:50kids going to be learning about this
4:53>> and they're gonna have to memorize all
4:55these facts. But you gonna have to do
4:56that because you're sitting here. Okay.
4:58This is so This is to me is more
5:01important than AI.
5:02>> And they were requesting it last week.
5:04>> They did request that we do a five-part
5:06episode. I would say for a five-part
5:07episode, but you know, you can't trust.
5:08>> I told you. I told you that.
5:10>> I know, but you can't trust them.
5:11[laughter]
5:12You can't trust them because there's a
5:14few people that say it, but also a lot
5:15of people didn't say it. So, you don't
5:16you can't trust them.
5:18He did say he was falling asleep in Tel,
5:20[laughter]
5:21>> but he said I can wake it up. I don't
5:23know. I I didn't know how to take that.
5:25Are we boring or what? I don't know.
5:27Okay.
5:29The reason why I'm doing this, even
5:31though I don't know how many of you
5:34actually wanted a five-part series is
5:36because that's how important it is. I
5:38don't care what you want or not. We have
5:40to go over this. Okay. All right. Number
5:43one, Bank of New York. The reason why I
5:46want to give that explanation is because
5:48if you don't know the difference between
5:49XRP and RLUSD, then you need to go to
5:53look at the very last episode and then
5:55come here the episode last time. It is
5:58so important actually two episodes ago.
6:02>> So important
6:04you have to watch this is equally as
6:06important. Okay? Nobody has
6:10comprehensive information about XRP
6:13anywhere.
6:16I told Brandon earlier that I promise
6:19you in about 5 years people are going to
6:22be studying this this series my videos
6:25in a university somewhere.
6:26>> Mhm.
6:29>> Cuz nobody else has it. Thanks. Okay. Um
6:33number two, Coinbase expands RLUSD
6:36distribution. They announced that at the
6:38event, RLUSD be becomes available
6:41through Coinbase's retail and
6:43institutional platforms, expanding its
6:45potential customer base.
6:48>> Number three, Ripple Treasury announced
6:50247 returns October 26. They announced
6:54it pre-event. Eligible corporate
6:56customers gain new ways to manage cash
6:58and pursue returns outside trading
7:00banking hours.
7:02>> That's crazy.
7:03>> That is very crazy. [snorts]
7:07Next one, C2FO supply chain financing.
7:10October 27th, they announced that at the
7:12event, Ripple and C2FO plan to connect
7:15invoice financing and settlement through
7:17XRPL
7:19and RLUSD.
7:22Next one, Aviva Investors tokenized
7:24funds October 26 pre-event. So, all the
7:28things that I said that's on October 26
7:30is literally why we were recording.
7:31Okay.
7:32>> So far, it's been a mixture. 26 and 27th
7:34and 28. Okay. Aviva launches the
7:36tokenized share class of its sterling
7:38liquidity fund with 50 million pounds
7:41invested in the new class and more than
7:4486 million pounds across two tokenized
7:46offerings. Aviva is a British insurance
7:50company.
7:51>> Okay.
7:51>> Okay.
7:53Big time over there.
7:55Next one is Robin Hood partnership
7:58October 27th. At the event announcement,
8:00Robin Hood expands its relationship with
8:02Ripple across RLUSD, institutional
8:05settlement, prime brokerage, and
8:06corporate treasury management. Next one,
8:09Ripple's financial performance. On
8:11October 28th, they made this
8:13announcement at the event. Ripple
8:14reports that it's approaching a $900
8:16million annual product revenue run rate
8:19and says its products enabled more than
8:2116 trillion in transactions in 2025.
8:26more than more than how many
8:28transactions?
8:29>> 16 trillion in transactions in 2025.
8:32They have a report on this. This doesn't
8:35equal liquidity.
8:37>> So, I'm going to do a a little bit of a
8:39on all 10 of these. I'm going to very
8:42briefly brush over it because we only
8:43got however long this episode is. But
8:47more importantly, I'm really going to do
8:49a deep dive on the last two that I have
8:51not announced yet. That's what we're
8:53really going to talk about today. And
8:54I'm going to let you know right now, I'm
8:56going to be reading a lot for my notes
8:57cuz I have a lot of little details that
9:00I want to make sure that I tell you
9:03guys.
9:04>> I don't want to forget the little
9:05details.
9:06>> Question before you get too far though,
9:07just about the transactions because I
9:09know it's not liquidity, but when you
9:10when I think about the word transaction,
9:12I think about merchant services. So
9:15transactions, yes, but wouldn't they get
9:17a small commission through the
9:19transactions? So, uh, we I don't know if
9:21we talked about this, but on the
9:23transaction, it's not a commission. They
9:25do make a really, really, really tiny
9:27fee. It's not super sizable.
9:29>> Okay.
9:30>> They a lot has [clears throat] to be
9:32done. It It's just not it. We have to
9:35have mass adoption for it to be like,
9:36"Oh my god, second coming of JB Morgan."
9:39>> Okay,
9:40>> real quick. This is a great moment. This
9:42is why you need to be on our newsletter
9:44list. I [clears throat] break everything
9:45down. You need to get the full picture.
9:47Some of y'all understand things better
9:49when you read it and you see the
9:50outline. I know the show is entertaining
9:52[music] and I'll be giving you a game,
9:54but I really give a full game away in
9:56the newsletter. Go to the link down
9:58below, sign up for the newsletter. It is
10:00absolutely free. Sign up right now. I
10:04actually have a theory real quick before
10:05we get to these last two cuz we're going
10:06to spend a lot of time talking about
10:07them. Don't go anywhere. I do have a
10:09theory I thought about as I was putting
10:11this all together. Um,
10:15so we're look, we're specifically
10:16looking at Ripple because y'all love
10:17XRP.
10:19Ripple is not the only company
10:21assembling all of this. We talked about
10:23this. They are not unique in that way.
10:26>> Okay, you got Circle City, JP Morgan,
10:30different ways that they're doing all of
10:32this, but nevertheless, DTCC, Canton,
10:35whole bunch of people.
10:37And so I I ran a little thought
10:39experiment in my mind.
10:41What if
10:43so JP Morgan been doing the darn thing
10:46for the past hundred years? Okay.
10:48They've been running everything for the
10:49past 100 years. What if Ripple does or
10:52Ripple or one of these other folks? What
10:55if they do take the torch?
10:57>> Mhm.
10:58>> Okay.
11:00What's the difference between JP Morgan
11:02and Ripple? And then of course, you
11:04know, my brain always goes into like,
11:06how can I take advantage of whatever the
11:08answer is?
11:14The old way of doing things,
11:18the old way of doing things is you got
11:22your main front and center person.
11:25They're the CEO and the mouthpiece.
11:29>> The new way of doing things is you don't
11:33want that key man risk.
11:36You might have
11:39a figure head,
11:42>> but the brains is really an operation.
11:44I'm g tell you what made me think about
11:45this.
11:48When we talked about like um we looked
11:50at Leo Ashenbrer,
11:52>> right? And he is the face 21 26 however
11:57old he is. I don't know why I can't 21
11:59or 26.
12:00>> He is the face of situational awareness.
12:03And it's like,
12:06he's not a traitor. This doesn't make
12:09sense. He ain't running that business.
12:13>> We looked and we saw who was the ones
12:14that was putting money in because
12:16they're the ones with the real juice. He
12:19ain't really running that business.
12:20>> Mhm.
12:21>> He might be making some important
12:22decisions,
12:24but he ain't really the power. Then I
12:27thought about um
12:30>> I thought you were gonna go Jane Street
12:32about
12:33>> Jane Street. I that that's a good one.
12:35Then I thought about Jane Street. They
12:37don't have a CEO.
12:38>> Mhm.
12:41>> Then I thought about Dang, I can't
12:43remember the other one that I thought
12:44about. Ripple.
12:47This is not the one I was going to say.
12:48I can't remember. Ripple. Who the taste
12:51of Ripple?
12:54So remember,
12:56go back and look at the previous episode
12:58if you want the history.
13:01Couple guys
13:03came up with this company. They launched
13:07XRP and then they made Opencoin turned
13:11into Ripple. Ripple got most of the
13:13shares of XRP.
13:15>> Y'all don't even know these people's
13:17names.
13:17>> You forgot another big one.
13:18>> Who?
13:20>> The most important. No, I ain't gonna
13:21say the most important, but the biggest
13:23right now. Bitcoin.
13:24>> Who? We don't even know who they are. An
13:27anonymity. Satoshi.
13:30Nobody,
13:31>> right?
13:32>> Knock nobody.
13:34>> Knock nobody.
13:35>> Knock a nobody. That's not the one I was
13:38going that I was thinking of. Um. Oh,
13:44open AI.
13:46Remember, it's not that there is no
13:48figurehead. is is the figurehead is a
13:50figurehead.
13:52That dude ain't he ain't nobody. Sam
13:55Alman.
13:56>> Mhm.
13:57>> He ain't nobody.
13:59Look at his Look, you look at his
14:00resume.
14:01>> I was following you into that one. You
14:03lost me with the
14:04>> He's not really making the decisions.
14:06>> He's just a figurehead.
14:09That's what all of these people are.
14:10They're figureheads.
14:11>> Okay.
14:12>> The old model JP Morgan.
14:16JP Morgan was running things, making
14:18decisions.
14:20All the old guard that is done.
14:24>> Donald Trump come from that age. That's
14:26why he like it's me. I'm making the
14:28decisions. I'm on the face of
14:29everything. I'm It's me. It's all me.
14:32It's all me. And we realize
14:35remove your opinions about him. There is
14:38risk. There's key man risk involved in
14:40that.
14:43Guess what? Sam Bman say something wrong
14:45tomorrow.
14:46>> You out of here,
14:49he not really the one pull pulling the
14:51strings.
14:53And I believe that's that's the truth
14:55about Facebook too, which is why like
14:58he's,
15:00you know, if you look at the
15:01conspiracies that technology was given
15:04to him by DARPA conspiracies.
15:06>> Mhm.
15:07>> You're just a figurehead.
15:10That's why he really don't really
15:13I ain't really a good businessman.
15:16You just got to put in that position.
15:18Neither is Sam Alman.
15:21All right, last two.
15:24Number one, y'all probably guessed it. I
15:28lost my space. Okay, Ever North's
15:31liquidity. We talked about Ever North a
15:34little bit
15:36>> and I said, "I don't have time to get to
15:37Ever North, but we got to talk about
15:39Ever North." Because they put out a
15:41report October 27th. They did a research
15:44and they released it and said that Ever
15:46North examined the difference between
15:48recording assets on chain and having
15:50usable trading, financing, and
15:52collateral markets. They are researching
15:55what?
15:57It's a word that begins with L. The L
15:59word. Remember I was obsessed with
16:01volatility. Nicole volatility liquidity.
16:03Yep. Nicole liquidity pervy.
16:05>> You said they're researching liquidity.
16:07>> That's what the That's what the That's
16:08what the the research report that they
16:10released on the 27th.
16:11>> Mhm.
16:14>> So, I'm going to explain who Evan North
16:15is in just a minute.
16:18But
16:20there are Ripple XRP
16:25like this.
16:25>> Mhm.
16:26>> All like this. Okay. I'll explain it in
16:28a minute. Its reported findings include
16:31XRP's role in RLUSD swaps and limited
16:34participation in permission venues.
16:37We'll talk about that report in a
16:39minute. It's important. And last but not
16:41least, this is the big thing that
16:44happened while we were talking last
16:46week.
16:47>> Ripple got their bank charter. Ripple
16:50National Trust Bank October 26, Monday,
16:53pre-event. The OC grants final approval
16:56for Ripple's federally chartered trust
16:58bank, adding supervised reserve
17:00management, trustee responsibilities,
17:01and digital asset custody.
17:05>> Wow.
17:06>> They're a bank.
17:08Is it a bank that you can go and deposit
17:10your money in? No. We'll talk about what
17:13a chartered trust bank is and how that
17:17benefits them in just a minute.
17:22All of this while we were talking we a
17:24ripple ripple ripple ripple ripple and
17:25ripple like ripple ripple ripple and
17:28another ripple and you get a ripple and
17:30you get a ripple. How was my weekend?
17:33How was my weekend? Sorry y'all again. I
17:37can't explain that joke. One of my
17:39friends was like I I missed that joke.
17:41How did this No, you didn't miss it.
17:43[laughter] Let me explain it to you.
17:45[sighs]
17:46This is Brandon's joke. I'm going to
17:48give you all a hint. [laughter]
17:49This is not my joke. This does not come
17:51from the mind of Nicole.
17:52>> Well, they want to know the joke.
17:53>> How was my weekend and Dave
17:54>> Chappelle? Yeah, that's it.
17:58>> Google it. Come back. This is from the
18:00sick mind of Brandon.
18:02>> It's not my mind. It's Dave Chapel.
18:04[laughter]
18:05>> Brandon just basically said every time
18:06he comes in, I have some exciting thing
18:08to say. How was your weekend? And then
18:10I'm like, how was my weekend? But it
18:13don't be exciting like that. [laughter]
18:16Okay. All right. I'm sorry. Let's go.
18:19Um, okay. Before we go into all of this,
18:23I do want to remind you of um something
18:26that I talked about last week. It's
18:27really important. I have a theory. It's
18:30called the pervy monetary liquidity
18:32flywheel. Okay? And so, one of the
18:35things that we all know XRP is a
18:40currency. It's a cryptocurrency. And
18:41everyone wants to have the
18:42cryptocurrency that gets mass adopted.
18:44Okay. Do they want to compete with the
18:47US dollar? Yes, but no. No, but yes.
18:52Would it be like how was my weekend if
18:54all of a sudden people stopped using the
18:55US dollar and now they're using XRP?
18:59Would that be like that for the people
19:00who own Ripple? Absolutely.
19:03But
19:05no.
19:07Why am I saying this? because no matter
19:09what they do want a cryptocurrency
19:12whether it's RLUSD or XRP that is mass
19:16adopted
19:18what makes a currency mass adopted
19:20because technically I can say lip gloss
19:22is a currency as I'm saying right now
19:24lip gloss is a currency does it have any
19:27value is it mass adopted
19:30>> no certain things have to be in place
19:33and so my Nicole Pervy monetary
19:36liquidity flywheel
19:39states that there are three pillars of
19:41monetary power. The first one is money.
19:44Money that people trust. I just
19:46established the money which is the
19:48liquid the lip gloss. That's the money.
19:51Number two, financial services. Sorry.
19:55You want to deposit your lip glosses at
19:57my bank. Okay. Now I got financial
19:58services.
20:00>> Number three is financial
20:03infrastructure.
20:06Okay. payment networks, clearing houses,
20:08settlement systems, securities
20:09deposiitories, custody infrastructure,
20:11financial le ledgers, foreign exchange
20:13settlement, tokenized platforms, digital
20:15asset networks. You have to have all
20:18three of these things. Once you have all
20:20three of these things, they feed into
20:22each other and you get the flywheel
20:24going. And guess what? They all equal.
20:27All three. You can't have one. You can't
20:29have two.
20:30>> Mhm.
20:30>> You have to have all three.
20:32Guess what they all give you?
20:35You know what?
20:36>> What?
20:37>> You guessed it. Say what again? You
20:39guessed it.
20:40>> What?
20:41>> The L word.
20:42>> Liquidity.
20:43>> Liquidity.
20:45So, I got this, but it's no liquidity
20:48cuz no one trusts it.
20:50>> No financial services, no
20:52infrastructure. How am I going to get
20:53this to you?
20:57And as you were saying that and as I'm
20:58thinking I'm thinking about all the
20:59different cuz I have a I have a personal
21:02theory about AI and digital currency. I
21:05think that digital currency is the
21:07currency for the internet specifically
21:10their race is AI. That's my personal.
21:13>> So you think this all fits into it by
21:15saying if we increase demand for AI,
21:17y'all got to do digital currency?
21:19>> Hand to hand.
21:20>> I'm not mad at that at all. That's
21:22probably something I overlooked.
21:24>> Mhm. I just hate how people are just
21:27going to waste so much. They're going to
21:28lose so much money better than
21:29>> because we trap the liquidity and so
21:31they got to make the dollar be able to
21:33stretch further like you know.
21:35>> Yeah. But also too like
21:38the the speed at which AI works.
21:41>> It needs to have instant settlement.
21:43>> Yeah.
21:44>> I ain't mad at that. Brilliant.
21:47I'm I think it's brilliant. I'm going to
21:50just flat out give you flowers. No ifs
21:52or buts. I do have some ifs, ends, and
21:54buts, but it's really no ifs, and ends,
21:56or buts.
21:57>> Mhm.
21:58>> I think I've just been so um my brain
22:01didn't even let me go down that road
22:04>> because
22:06I'm, you know, I try not to give y'all
22:08actual advice on this show.
22:11>> But what I'm hoping that you guys see is
22:14that AI works. It's great. Sure,
22:17whatever. I don't need the AI police
22:18coming after me. I ain't saying nothing
22:20bad about AI. But what we do know is
22:22that with every revolution, 99% of
22:26people fail.
22:28>> And so most of you will live lose lose
22:30the shirts off your backs betting just
22:33on AI. And it has no we did a whole
22:36episode on this. It has nothing to do
22:38with it working or not or being
22:40beneficial to humankind or not. Has
22:42nothing to do with that. It just has
22:43everything to do with people
22:46then take on way too much risk when
22:49they're excited about new technology or
22:52new innovation and they start making
22:54stuff we don't need
22:56and really at the end of the day there
22:58can only be a few winners.
23:00>> Mhm.
23:01>> That so that's that's really why my
23:03brain didn't even allow me to go there.
23:04But you're 100% right. So this thing
23:07needs AI to work. Everyone give Brandon
23:10his flowers. Pull some flowers in the
23:12comments cuz he ate with that. Oh, I'm
23:15giving you. [laughter]
23:17Look at that there.
23:21Brandon normally gives me his Pac-Man be
23:23from behind the camera
23:25and this time I'm giving him a Pac-Man.
23:27Okay. All right. So, what I wanted to
23:31just remind you about that uh I'm sure
23:34I'm flashing something on the screen is
23:36because we're going to look at each of
23:38the top 10 things that came out as well.
23:40that list that I gave you already and
23:42we're going to identify where they go
23:46in the flywheel. Wait a minute. Before
23:48we go into SW, I do want to give you a
23:49little bit of history just so you can
23:50have some context. Swell is Ripple's
23:53annual conference. They had it in New
23:55York City this year and last year. This
23:58year was the first year that they opened
23:59up tickets to every day regular people
24:01before it was invite only.
24:03>> The attendees went from 600 to I think
24:061,500. Mhm.
24:07>> From previous year to last year, they be
24:09having famous people speak. I think they
24:11had Matt Damon, they had Bill Clinton.
24:15Famous people be attending. Yeah, Matt
24:17Damon spoke at this year's.
24:20>> Oh, wow.
24:21>> I, you know, maybe he's a big crypto
24:24person. I don't know. But why do I want
24:28to hear about Matt? Y'all have to give
24:29me
24:29>> I think Matt Damon is a big crypto
24:31person.
24:31>> Okay. All right. I ain't mad at that.
24:32>> Yeah, I think I think
24:33>> But even then, I still don't want to
24:34hear what he has to say.
24:37I'm cool. I'd have been out in the lobby
24:40cracking jokes while he was talking.
24:42[laughter]
24:43>> M for president.
24:45>> Anybody for president other than what we
24:48got. [laughter]
24:49Scott Vent, he spoke. So some of the at
24:53this event, even though they open up
24:54tickets to everyday people, some of the
24:56events were invite only. Okay. We had
24:59the former president of the New York
25:01Stock Exchange, CEO of CME Group, the
25:04former governor of the Reserve Bank of
25:06India, former IMF chief. Yeah, they be
25:08having um people come up and pull up.
25:11Before we dive in to this, most of this
25:14is going to be about the bank. Before we
25:16dive into this, I do want to tell you
25:19that remember
25:22from two weeks ago, we gave a ranking.
25:25Remember the ranking?
25:27>> Joy. So we gave two rankings. So when we
25:31looked at all of the players in this
25:33settlement risk war
25:34>> Okay. Yeah.
25:35>> It was about 28 different companies.
25:38JP Morgan, Canton, City, DTCC,
25:43Ripple,
25:44>> all the peeps and we ranked them. It's
25:49our ranking. None of this is fact. I
25:51gave you guys a all my notes that
25:55explained my rankings. And so we came up
25:57with two lists of who would win, right?
26:00Because at the end of the day, y'all are
26:02looking at this. One of the ways that
26:03I'm looking at it is like, hey, I want
26:05to invest in a company that I want to
26:08make the bet as a passive investor on
26:10who's going to win.
26:11>> Okay.
26:13>> A educated bet, I should say. So, we
26:16looked at two rankings. We ranked the
26:18top 10.
26:19>> Yeah. The winner take off. winner takes
26:21all
26:22>> or interoperability.
26:24Interoperability, which will probably be
26:27most likely to happen, means that you
26:29have all of these systems speaking to
26:31each other or not all of them, but
26:33narrowing it down probably to five to 10
26:36different systems speaking to each other
26:38to make instant settlement work and
26:41tokenization work.
26:43>> All right. And so we had two different
26:45rankings. one for winter tanks all and
26:46who would win the most in
26:48interoperability.
26:50All right, so here's the thing. Based on
26:53my measuring stick
26:56after swell, the rankings changed, so
27:00I'm going to make you wait till the end
27:01to see it.
27:03>> I know.
27:07>> I'm I'm curious about this one now.
27:09>> I know you should be.
27:13All right. So, let's talk about uh what
27:15the Ripple charter means.
27:18So, just FYI, they had a conditional
27:20approval last year and then the charter
27:23was effective on the 26th, last Monday.
27:26And the approval gives Ripple a
27:29federally supervised institution
27:31authorized to perform specific trust and
27:34custody activities, including managing
27:36assets backing the RLUSD stable coin.
27:41Are they now your local bank where you
27:43can go and make deposits and cash your
27:46check? No.
27:48What can they do? Managed segregated
27:51reserve backing RLUSD.
27:54Remember for stable coins, one of the
27:57laws is if you're going to be a stable
28:00coin backed one to one by the US dollar,
28:03you can hold ca you not 10. You have to
28:06hold either cash
28:08>> or treasuries 93 days or less.
28:11>> Mhm.
28:12>> Okay. You can't just be like, "Oh, this
28:13is back by one the one by the dollar and
28:16I just woke up and here you go." No. All
28:20right. Where are you going to hold these
28:22assets?
28:26Is that a question?
28:28>> Maybe
28:33who's going to manage it? Because okay,
28:35you are the company that has the stable
28:37coin, but you also
28:42have your own
28:44cash,
28:46your your income, your operations, you
28:48know, all that has to keep stay
28:49separated. M
28:50>> who where you going to we got to decide
28:53who who going to be able to hold it.
28:54>> Mhm. So now you're saying the bank their
28:57their bank that they created is
29:00designated for that
29:02>> the trust. Okay.
29:06They can act as collateral trustee for
29:09RLUSD holders. So I buy some RLUSD
29:13wherever
29:15they are now the trustee of the
29:18collateral that backs the RLUSD that you
29:21hold. They are the trustee.
29:24>> Wow.
29:25>> I know. [laughter]
29:27I know.
29:31They provide fiduciary custody of
29:34digital assets. They actually hold
29:37custody. This is what I was trying to
29:38explain before. They actually hold the
29:40custody of the digital assets.
29:43Okay. Do they issue the RLUSD? No.
29:47Standard custody is the issuer. Guess
29:49who owns standard custody? Them.
29:52>> Okay.
29:54Offer ordinary checking and savings
29:56accounts? No.
29:59Do they make ordinary commercial loans?
30:02No.
30:05Do they automatically provide FDIC
30:07insured customer deposits? No.
30:12Does it automatically give Ripport XRP
30:14direct Federal Reserve payment system
30:16access? No.
30:20So, I said it last week and I'm going to
30:21say it again this week. It sound like
30:23they just created their own Federal
30:25Reserve. No.
30:27>> I you know, I have to really sit and
30:30think about answering that. I mean
30:33technically every bank is a reserve.
30:37Like that's what a bank is. Federal
30:40reserve just means that you are the
30:41reserve for the federal government.
30:46So if you bank at
30:48>> Don't we have isn't our federal like the
30:51the federal you're you're saying that
30:54they're inserted themselves as being a
30:55bank of the US government. Is that what
30:57you're saying?
31:00>> In such in so many words. Yes. to
31:02simplify it to dumb it down. Yes,
31:04>> sort of kind of with that with the layer
31:07of RLUSD being in between,
31:09>> right? For the for the new platform of
31:11course.
31:11>> That's why I said JP Morgan count your
31:12days.
31:13>> Yeah.
31:18>> Remember when I said on last episode I
31:20was like this is like Succession or bit
31:23Billions.
31:26>> I got to go watch it. I'mma watch it.
31:27But just imagine for just a second for
31:30those of you who have never seen
31:31Succession or Billions, it is a drama
31:34about cutthroat
31:37like
31:38the war of business.
31:40>> Mhm.
31:41>> They like what do you mean JP Morgan? We
31:44coming for your neck.
31:46>> Mhm.
31:49>> We just going to now having a a a a
31:52conference and announce 25 different
31:54features. Yes,
31:56>> it's very major. I feel like the the
31:58five-part series for that is very
32:00needed.
32:00>> I know. Isn't it crazy?
32:01>> I mean, cuz you said it from the
32:02beginning, but like as you go deeper and
32:04peel back the layers is showing how deep
32:06the whole financial structure is about
32:10to ch is changing about to change.
32:12>> And that's what that's why I was saying
32:14like I'm not doing this five-part
32:16series. Like I'm going to tell y'all the
32:18difference between this channel and a
32:19lot of channels and I'm actually really
32:21blessed and grateful that it works. If
32:24you study YouTube, what they teach you
32:25is basically like, and I'm not mad at
32:28this strategy like at all,
32:32>> go and look for opportunities
32:35to cover content.
32:36>> Mhm.
32:37>> Right. Go and look for gaps, information
32:41gaps. And I'm not going to go into the
32:42details about how they the different
32:44techniques they tell you, but go and
32:46look for things that you can touch on.
32:50Like I'll give you an example
32:52where it's like the viewer-led strategy
32:56for coming up with your content. Mr.
32:59Beast always talks about or he has
33:01talked about how like
33:03the idea always starts with title and
33:07thumbnail first. If we can't nail down
33:09the title and thumbnail, we won't make
33:10the video.
33:12>> Okay. I don't do that. I'm not mad at
33:15that. He's literally the largest
33:17YouTuber in the world. Get your money,
33:19young king. Get your money, white king.
33:22I love that for you.
33:24>> I'm not mad at it. I just don't do that.
33:27And I don't know why God wired me this
33:29way. Something about me have to do what
33:31I want to do.
33:32>> Mhm.
33:33>> And so I'm saying all this to say I'm
33:34not doing this five-part series because
33:37I
33:39it's a opportunity. I'm doing it because
33:42you really need it. I really didn't want
33:43to do it.
33:44>> Yeah.
33:45>> But this
33:48Okay.
33:49>> And you said something. You said you're
33:50grateful that it works. And like, you
33:53know, gratitude is huge. It's for us
33:56like having gratitude. And that goes
33:59back to what we said earlier about
34:02Warren Buffett and when he was like
34:05years ago when he was talking about how
34:07he owed those taxes, those seven billion
34:09in taxes
34:11>> and his statement was and we were glad
34:12to do it.
34:14>> We were happy.
34:15>> And we were talking about tithes. Yeah.
34:16>> Sorry y'all. Brief interruption. And so
34:20how did we even get on that
34:21conversation?
34:22>> You was like that sleep hit different.
34:24That's what you said, boy. Something
34:25about that sleep that hit different.
34:27That's how we got there.
34:28>> Sleep hit different. What?
34:29>> Cuz we you was like we both went through
34:31our trials for the last couple years.
34:34>> Yeah. So I've I've publicly, this is not
34:36new, talked about how um I've always
34:40been a money magnet. My whole life. I
34:42always had loads and loads of money.
34:462024 was a horrible year for me.
34:48>> And so I met Brandon coming up out of
34:51that and I was saying so right as of
34:54right now it's the second and I was
34:56saying cuz Brandon also went and do his
34:59stuff and I was like don't it hit
35:00different when the first come around you
35:02got your [laughter] rent.
35:03>> You said that sleep hit different.
35:05>> The sleep hit different and I was like I
35:07you be grateful to pay your pay your
35:09rent
35:10>> and pay all your first of the month
35:11bills,
35:12>> right? And um y'all 2024 was horrible
35:16for me.
35:18Never been more grateful to shove away
35:20some money in my life. And so you said
35:22that reminded him, he said it reminded
35:24him of Warren Buffett saying he's
35:26grateful to pay trillions, billions, not
35:29trillions, but billions of dollars in
35:30taxes, whatever he says tax bill was.
35:32>> And I said, "Yeah." And then I started
35:36talking about tithe.
35:36>> Yeah. I said, "That reminded me of me,
35:38me and my tithes, too. like have to be
35:41more
35:43be more mindful of being more grateful
35:44to pay my tithe. And then we got into
35:46the scripture part.
35:47>> Yes. And I was like I already knew where
35:48he was going to go with that because
35:49there's a scripture that says uh God
35:51loves a cheerful giver, right? And so I
35:54was like, "Oh, I'm so glad you brought
35:55that up because one thing about me is
35:59I
36:01I'm not saying this to brag at all cuz I
36:04got major areas
36:07as a believer.
36:10>> I have major areas that I need to work
36:11on, okay? I'm as filthy rags. But one
36:14area that I don't really struggle with
36:16is tithing.
36:18>> I don't play about my tithes, okay?
36:21And um I was saying to him, one of the
36:25strategies that I do, and I feel like
36:26this has always been something that has
36:28allowed me to be a money magnet, is I am
36:32very intentional. Every time I go to
36:34tithe, I kind of close my eyes and I
36:36just no matter where it's going, what
36:39church is going to, what I think of the
36:41pastor, what I think is going on in the
36:43church, it doesn't matter. I always go
36:44into a state of I'm happy to give this,
36:47not because of the church. And so this
36:49is how you a lot of y'all be getting
36:51tricked out of your blessings is because
36:53tithing is a sacrifice. Why is it a
36:56sacrifice? Because no matter who you
36:59give it to because man is flawed. No
37:01matter who you give it to, sorry, God
37:03is, you know, Jesus is not walking
37:05around here no more. God is not
37:06manifesting himself. So you can't just
37:08be like, "Here God, you have to give it
37:10to a man."
37:11>> So no matter who you give it to is going
37:13to be a flawed man,
37:15>> right? So you have to, no matter who the
37:17flawed man is, you have to still give
37:21with gratitude.
37:24That is the sacrifice. And y'all get
37:26tricked out of your blessings because
37:29you don't want to give because you're
37:30judging the pastor.
37:31>> Mhm.
37:33>> And you're think, "Oh, that's is going
37:34for hair to going." What they do with it
37:36is their business.
37:39>> That ain't got nothing to do. That's
37:40between you and your guy. For me,
37:44for me, if I have deemed you a man of
37:46God,
37:47>> now again, Grant, again, man of God does
37:50not equal perfect.
37:54>> Sorry,
37:56he left and said he'd be back.
37:58[laughter] You know what's synonymous
38:00about business and and that what you're
38:02saying is as you're talking about that
38:04I'm thinking about you know maybe it's
38:07the spirit moving right now but you it's
38:10more so like you ain't paying your ties
38:11and you blocking your liquidity you know
38:13>> you blocking your liquidity
38:15>> because in business
38:16>> so this is what I was the other thing I
38:17was going to say one of my favorite
38:19scriptures it says where Israel
38:24were not they were not tithing and God
38:27says I cut holes in your pocket. You
38:30making money, but you ain't got enough.
38:33Start tithing again. Test me in this.
38:36If you test me in this, I will pour you
38:38out a blessing that ye shall not have
38:40room enough to receive.
38:42>> And so, most people focus on I will pour
38:44you I I will open up the floodgates. I
38:46will pour you out a blessing that shall
38:47not have room enough to receive. Okay,
38:50there's so much in that.
38:53But
38:55the part that you miss, I'm going to go
38:56back to the do you not have room enough
38:57to receive. The part that you miss is to
38:59test me in this part.
39:02Do you know that God does not like to be
39:03tested
39:06over search the scriptures multiple
39:09times? It's maybe about five or six
39:10times where God's like, I don't like to
39:12be tested.
39:13>> Don't test me.
39:15>> Just imagine, do you like my son when he
39:17was small, we used to be like, Joseph,
39:20what is this? Hold up a a What is this?
39:23I don't like don't test me. I already
39:24know. He always been like that.
39:26>> Jesus [clears throat] said that to Satan
39:27in the wilderness. Do not put your God
39:29to the test.
39:30>> God don't like to test. But God loves
39:32you so much
39:34that he allow you to test him in one
39:36instance.
39:39>> That's with the tithes. So that you can
39:41break the curse of money. Loving money.
39:46Let's be very clear [laughter]
39:47because money is not cursed. Loving
39:49money and hoarding it is a curse.
39:51Brandon gave me my Pac-Man's for the
39:53day. Hoarding it is a curse. You stop
39:56the flow. You cut holes in your pocket.
39:58You'll make it, but it won't be enough.
39:59So, some of y'all is making it looking
40:01up like, "Dang, I just Some of y'all's
40:03October. Y'all just did your taxes.
40:06>> You know, you did the extension and
40:08you're like, "Yo, I literally made 300
40:11grand."
40:11>> Mhm.
40:13>> And you're looking at your investment
40:15account like, "Where did the money go?"
40:18>> Is that in your book? that whole like
40:20mindset and and your
40:23>> I might I think so I can't remember but
40:25I
40:25>> I mean because it sounds like investing
40:27like it is investing is investing
40:29>> it is
40:30>> that's why Jesus gave a lot of
40:32scriptures about investing
40:34>> the talents cuz you think you investing
40:38here God is investing in you all you got
40:40to do you can't outgive me
40:42>> all you got to do is give it back oh you
40:45want to test me in this
40:47you can't outgive me M.
40:50>> So
40:52that's the only time that he allows you
40:54to test him so that you can break the
40:58curse of hoarding money.
41:01What are you thinking?
41:03Which brings me back to my original
41:05statement because you you correct me if
41:07I'm wrong, but the real purpose of the
41:11US Federal Reserve Bank, right, is to
41:14when liquidity stalls is to inject
41:16liquidity in the economy, right?
41:19>> Oh, come on. $40. [laughter]
41:22>> So, I mean,
41:25so God is the bank.
41:28>> Yeah.
41:28>> When liquidity stalls, gold tithe. I got
41:30a story real quick. I think I don't know
41:32if I told y'all this story before, but
41:34um I remember one year um early
41:37entrepreneurship days I had staff
41:40staff was staffing and we were staffed
41:42up and I remember like either I had paid
41:47I had paid everybody for the week and I
41:50literally my bank accounts was zero zero
41:54and then um I went to church. I was
41:57heavy going to church at the time. I
41:59went to church and when they passed the
42:01collection plate around and this was one
42:03of the first times that I was like I
42:05really didn't have it like but I was
42:07like I'm just going to be happy anyway.
42:09I was fly in church. It was this is just
42:12what happens when you're in business and
42:13you got staff and you got overhead.
42:15Okay.
42:15>> And so I'm sitting there fly and I I
42:18remember what purse I had and everything
42:20and they passed the collection plate and
42:21I was let me just look one more time
42:23>> and I looked in my purse and there was a
42:26dollar. I was so happy. I just found a
42:30dollar.
42:31>> Promise you I wasn't there before. And I
42:34put it in the collection plate and
42:35passed it around. And do you know that
42:36next week I made so much money
42:39>> and I happily tithed my last dollar.
42:45>> And I'm going to say one other thing. Go
42:46ahead. Go ahead.
42:46>> No, I was just saying that's beautiful.
42:48That's just
42:48>> my favorite one of my favorite tithing
42:50stories. I'm going tell y'all one last
42:52thing. There's another scripture that
42:53says like given shall be given to you.
42:56Oh, I can't remember if it's this one
42:57tied with the other one.
43:00Given shall be given to you, pressed
43:01down, shaken together, running over. Man
43:03will give them to you um from of his
43:04bosom. I'm paraphrasing.
43:07This is the part that y'all be missing
43:08too. Especially when y'all be don't
43:10wanting to tithe.
43:13It doesn't say God is going to come. You
43:15have to find a perfect person who is the
43:18manifestation of God and God is going to
43:20give. No, it says pressed down, shaken
43:22together, man is going to give unto you
43:25of his bosom. So some you you press down
43:27shake. We don't know where it's coming
43:29from.
43:30>> You don't know. All you got to do is
43:31give
43:33>> some is going to come back to you from
43:35someplace else. It's not going to come
43:36back from that person. So you're
43:38expecting to pay and the church is going
43:40to repay you by being perfect.
43:42>> Yeah.
43:43>> And it doesn't work like that.
43:46>> A lot of people miss this shaking
43:47together part.
43:48>> They miss the shaking together. They
43:50miss the man given to you of his bosom,
43:52too. That's it's like they all have to
43:55work for it to work. And the shaking
43:57together part is a where people get
43:59stuck.
43:59>> They get stuck. You you giving you
44:01giving over here and you expect why this
44:03person won't get back to me. Why this
44:05won't get back and you you stopping your
44:07flow because you don't want to give
44:08because that person is not giving back
44:10to you. It's not that's not how it
44:11rolls.
44:14>> I'm done with my with my sermon after
44:16this. I was telling my friend that that
44:18part specifically that pressed down,
44:19shaking together, runth over is like
44:22equivalent to like
44:25creating a soda can and like God, you
44:28know, if the soda can just sit in the
44:30soda can, it's cool. Like ain't nothing
44:32going on. Then you take that soda can
44:34and then you shake it up real quick. Now
44:36the soda can expanding a little bit, but
44:39the pressure is so much that
44:41>> you got to pop it open. Once you pop it
44:43open, it's
44:45>> overflow.
44:46>> Overflow
44:46>> of floodgates of heaven. You shall let
44:48me say this one last thing about the ye
44:50shall not have room enough to receive.
44:53One of my favorite things about that
44:55scripture is um this is how this is how
44:58he allows you to test him when you hoard
45:02and don't give
45:05through that scripture is implying that
45:06you don't have room to receive.
45:11Hey, test me in this. When you finally
45:13do give, you have not corrected the fact
45:15that you don't have room.
45:17>> I'm going to open the floodgates of
45:18heaven that you still won't have room.
45:21There's another part. You have to
45:22increase your capacity.
45:24>> Mhm.
45:24>> But it's going to come at you so fast.
45:26And this is this is typically what
45:28happens when you're growing in your
45:30business. This is a great segue back
45:31into the topic. This is what happens
45:33when you're growing in your business and
45:35you have scaling problems or you have
45:38like rich people problems like oh my god
45:42the orders is coming in but we can't
45:43have it. You don't have room enough to
45:46receive. So the best thing you can do
45:50the best order is
45:52>> to
45:54give however what whatever strategy you
45:57want to use. I'm talking about giving,
45:59right? Give
46:00>> to open the floodgates and then expand
46:03the capacity. Some of y'all do the
46:05opposite.
46:06>> You try to expand your capacity and then
46:09you want it to come and then you when
46:10that happens, you never have enough.
46:13>> So, you're always operating at a
46:15scarcity. No, start with the giving.
46:20>> Remember, the giving doesn't solve the
46:21capacity issue.
46:24And then you could be like, "Oh my
46:25goodness, I got to hurry up. I got to
46:26hurry up. This is why we're growing very
46:28quickly
46:29>> because it's coming. I don't have room
46:30enough to receive, but I already been
46:32here before. So, I know I have to hurry
46:33up and scale my capacity. This is why we
46:36just new person started today.
46:38>> And it's so crazy how all of it
46:40intertwines cuz this makes me think
46:41about the 16 billion in transactions.
46:45It's like cuz it got it just got to keep
46:47flowing.
46:48>> It got to keep flowing. What the report
46:50show is that we got 16 billion
46:51transactions. A lot of those
46:52transactions was on the other side of
46:54XRP. It doesn't equal liquidity, but
46:57that don't mean we got to slow down. We
46:58just have to keep expanding capacity.
47:01So, we have 16 billion in transactions.
47:03That's not making XRP go up.
47:06>> Mhm.
47:08>> But it's okay. It's okay. We're going to
47:10keep going. We're going to keep quieting
47:12businesses. We going to keep quieting
47:13companies. We're going to keep
47:15>> cuz now they got a chartered bank for
47:17what they got in store.
47:21>> Come on. Okay. Sorry y'all who don't
47:24like Jesus. [laughter]
47:26Sorry.
47:29Now that now [laughter] that now that
47:30Satan's gone
47:35[laughter]
47:37for the people that clicked on.
47:41Now that the enem is gone, we can
47:43continue our conversation, y'all. Right.
47:46All right. All right. [clears throat]
47:47All right. All right. Um, let's go into
47:51um,
47:52>> for those who still here and ready to
47:54ready just put overflow in the comment.
47:57I just want overflow.
47:58>> Come on. We're going to try to get
48:00church pap.
48:01>> No, [laughter] I'm just saying whoever
48:02whoever stayed right now.
48:05>> Put overflow in the
48:06>> get it. It's coming.
48:08>> Put overflow in the cup.
48:09>> 2027 going to be the year. Who would
48:10have thought? [laughter] Who wouldn't
48:12wasn't on your wild card to hear a
48:14sermon about Ripple? Can Ripple and his
48:17sermon in the same YouTube video.
48:22>> What the application reveals about
48:23Ripple's intentions. Its proposed bank
48:26had three principal activities. Manage
48:28segregated RLUSD reserves under an
48:30arrangement directed by the stable coin
48:32issuer. Two, act as a collateral trustee
48:36in the interest of RLUSD holders. Number
48:38three, provide fiduciary digital asset
48:42custody to affiliated and outside
48:44institutional customers.
48:46Who owns the bank? Ripple Labs, Inc.
48:49Hopefully, you are already understand
48:51this, but I did want to break it down.
48:52How RLUSD and Ripple National Trust Bank
48:55work together. First, you have to
48:57understand what backs the stable coin
48:58one to one. You already know that the
49:00issuer simply can't spend the million
49:02dollars however it wants. So you give a
49:05dollar or a million dollars,
49:07the issuer gets the million. They can't
49:09just go and spend it. Okay. For a
49:11properly reserved dollar stable coin,
49:13the issuer must maintain eligible assets
49:15backing the outstanding tokens. Those
49:17assets might include cash, short-term
49:19treasuries, or permitted cash
49:21equivalents. The institution also needs
49:23systems for keeping those assets
49:25separate, managing liquidity,
49:27maintaining records. I already said
49:29this,
49:31right? keep it separate from their
49:33actual income. Ripple's structure now
49:36has three distinct institutional rules.
49:38One, standard custody and trust company.
49:41Told y'all this. We went over this last
49:43week. Issues and redeems RLUSD for
49:46eligible customers under applicable
49:48conditions. Number two, Ripple National
49:50Trust Bank manages the segregated
49:53reserves and acts as collateral trustee
49:55under its authorized arrangements.
49:57Number three, Bank of New York and other
49:59eligible reserve custodians. Custody
50:02arrangements and applicable supervision
50:04safeguard the actual reserve assets as
50:06designated accounts. How large is RLUSD
50:10become? Circulating RLUSD 2.627
50:15billion.
50:17>> The reserve $2.75
50:21billion.
50:23Why would they want to do this? I got a
50:25list of reasons. Number one, to compete
50:27for institutional trust. Number two, to
50:29reduce dependence on outside financial
50:32services providers. Number three, to
50:34make RLUSD more competitive with USDC
50:38and USDT.
50:40If y'all don't know what I'm talking
50:42about, you need to go and watch the
50:44previous two episode. Nobody explains it
50:47better than me.
50:49>> Mhm.
50:51>> Next one. To bring more of the financial
50:52services relationships inside Ripple.
50:55Next one to prepare for the Genius Act.
50:58This is important because it was signed
51:01July 2025. It addresses permissible is
51:04permissible issuers, reserve assets,
51:07redemption, supervision, and other
51:08safeguards.
51:10Ripple's trust bank structure can help
51:12it build infrastructure for more
51:13regulated stable coin market. F to build
51:16competitive moat. Talked about moes.
51:20That's moes. Moes everywhere. Mhm.
51:23>> That's how you run a business. Okay.
51:26Can't leave it up to these fickle
51:28customers. Moat them in.
51:31>> Masterclass in business. I'll say that
51:32in the in the last episode. This is a
51:34master class in business.
51:36>> I want to talk about where they land on
51:38the flywheel component.
51:40>> So, the Robin Hood partnership. So, like
51:42I said, number one, Ripple National
51:45Trust Bank, trusted money. That's number
51:47one. The Robin Hood partnership
51:49financial services. The Bank of New
51:52York, uh, they expand XRP and RLUSD
51:55custody, financial infrastructure.
51:57Coinbase expands RLUSD distribution,
52:00trusted money. Ripple Treasury 247
52:04returns, financial services, the C2FO
52:08invoice financing, financial services,
52:11the Aviva, the insurance thing,
52:14financial infrastructure,
52:18the 900 million Ripple revenue run rate.
52:22That's all three. That's business
52:23performance
52:26in Garlington House. XRP versus RLUSD,
52:29trusted money. And last but not least,
52:32Ever North, which we're going to talk
52:34about now.
52:35>> How much of a key component is Ever
52:37North to the whole?
52:39>> We won't be hearing about it a lot.
52:41>> Maybe just my ignorance,
52:43>> but I've never seen this type of
52:44structure before. Ever is a publicly
52:47traded company created to accumulate
52:49XRP, manage those holdings, generate
52:51investment returns, and potentially
52:53finance parts of the XRP economy. It is
52:56not a fund.
52:58>> All right. Where do they get if if it's
53:00not a fund, where do they get their
53:01money from? Where they get the XRP
53:03holdings from?
53:04>> Okay, which is 473 million tokens.
53:11>> This is to me this is part of the genius
53:13plan. They merged with Armada
53:15Acquisition Corp, a special purpose
53:17acquisition company, ESPAC.
53:20Okay. In October 20 of 2025, they
53:24described a transaction expected to
53:26generate more than 1 billion in gross
53:27proceeds or committed value with
53:29investors including SBI, Ripple,
53:32Arrington Capital, Pantera, Kraken, GSR,
53:35and Ripple associated participants. Then
53:37Avanorf begins accumulating XRP last
53:40year into this year.
53:43They developed their investment
53:44strategy, legal structure, custody
53:46arrangement, and financial
53:48relationships. October 9th through the
53:5012th of this year, the company completes
53:51his merger and begins trading. October
53:5412th, Evanorf begins trading on NA
53:56NASDAQ as XRPN. Okay, so
54:01they get investments from these guys.
54:04They combine with these guys. The
54:07company itself is now valued. That is
54:11what you can invest in. So if you go and
54:13invest in XRPN,
54:16>> ticker XRPN, do you own XRP? No.
54:22>> You own the company
54:24>> that part their main business is to make
54:28money off of trading XRP.
54:32Okay, does that make sense?
54:33>> Mhm.
54:34>> Good.
54:34>> It does make sense.
54:36>> All right.
54:38Why is this important?
54:41Because if you got a whole a half a
54:44billion dollars
54:46that their whole business model is to
54:48buy and sell XRP and it is publicly
54:52traded, what do you think that's
54:54providing for XRP?
54:56>> I don't know. I'm so lost. I have no
54:59clue. Tell me.
55:02>> You guess. I want you. This is Brandon
55:05Flowers episode.
55:07>> Liquidity.
55:10constant liquidity
55:13>> for XRP. Does this does the success of
55:15this
55:17company mean that the value of XRP is
55:19going to go up?
55:21>> Mm.
55:25>> But it's helping. Here's the other
55:28thing. I I forgot to say this. In their
55:30report, this was the whole point. In the
55:32report that was published on October
55:3327th, it revealed two findings. 92% of
55:36RLUSD swap volume on XRPL's native
55:40exchange traded against XRP during its
55:43measurement period.
55:46Number two, orders in permission
55:48revenues came from only 23 accounts with
55:50activity overwhelmingly concentrated in
55:53two accounts. These were orders placed
55:55not necessarily completed trades. So
55:57they did a report to see what is the
55:59liquidity coming from all of this that
56:03we're doing. wasn't very liquid. It
56:06wasn't producing a whole lot of
56:07liquidity.
56:10>> There's evidence to examine on both
56:11sides. The measurable XRP role, but also
56:14limited participate participation in
56:16some emerging markets. The question to
56:19investigate, has Ripple assembled the
56:22infrastructure faster than institutions
56:24have supplied the capital and trading
56:25activity to use it?
56:29This is Ever North research.
56:33It's not independently verified.
56:36>> So everything I'm saying to you, they
56:38put together this business, they
56:41manufacturing liquidity, all that stuff.
56:44Has it worked yet?
56:45>> That sound like a boulder. You know,
56:47when you talk about risk,
56:48>> it's illquid and they trying to move the
56:49boat.
56:50>> No, the question that the question that
56:52it just posed, did it build the
56:54infrastructure faster than uh how did it
56:56pose the question?
56:57>> Did it build the infrastructure
56:58basically faster than the demand?
56:59>> Right.
57:01Make me think about
57:03recently, maybe within the last two
57:04years or so, when uh I think you had
57:07talked about this too, where they were
57:09like building all these homes or maybe
57:10like these industrial and just stop
57:12>> in the middle.
57:14>> Yeah.
57:14>> Yeah.
57:16>> I mean, the the thing about it is when
57:18you want to take advantage of stuff like
57:19this, the timing has to be right.
57:21>> Is it going Are you going to get it
57:22perfect? No.
57:24>> But I'm gonna be honest with you, it'll
57:25get there. I think that's my
57:30unbiased opinion. I think it'll get
57:32there.
57:34>> Now, after we go through this XRP, I'm
57:37going to do a little some episodes
57:40looking at the ecosystem that some of
57:43these other guys have created and
57:44compare it.
57:45>> Cuz right now, we're only looking at
57:46XRP,
57:47>> right?
57:48>> Definitely want to look at Canton.
57:52They super sexy.
57:53>> Mhm.
57:54their system allows the different
57:56systems to speak to each other
57:59>> without sharing sensitive information.
58:01Remember we talked about
58:02interoperability
58:03>> say hey
58:05>> XRP ledger we can talk to
58:09>> uh JP Morgan I can't remember what they
58:10people called
58:12>> we can talk to this we be the glue that
58:14sticks everything together and we not
58:15sharing no information with nobody you
58:18not sharing your stuff and your stuff
58:19and you everybody keep your own stuff
58:23>> I know right so we need to look at that
58:25and see what they got set up and they
58:28got a coin
58:28>> Mhm. I think it's called Canton Coin.
58:33>> All right. Now, we're going to look at
58:35the rankings, the new rankings after
58:37Swell. Flashing them on the screen right
58:39now. DTCC still number one for the
58:43inter. Let's look at interoperability.
58:45They're still number one. Canton Network
58:48moved up to number three from number
58:49six. JP Morgan's number two. Still
58:52number two. They always been number two.
58:54Swift moved down to number four.
58:57City Token moved down from number four
59:00to number five.
59:02Circle moved down from number five to
59:04number six. Broadidge moved up number
59:07eight to number seven.
59:09Visa moved down from number seven,
59:10number eight.
59:12Ripple moved from number 10 to number
59:14nine. And Fed now moved from number nine
59:17to number 10.
59:19>> Winner take all. JP Morgans is number
59:22one. City still number two. DTCC number
59:26three still circle number four. Ripple
59:29moved from number six to number five.
59:32Canton moved to number five to number
59:34six. So the only thing that swapped out
59:35was uh Canton and and and Ripple.
59:44>> Okay. What can you do about it? Let's
59:47get all this. What do we we do about it?
59:49All right. Passive investment
59:50strategies. I'm still want to give you
59:51some of the tickers. JP Morgan,
59:54Broadidge, Bank of New York, Coinbase
59:56Circle, CME,
59:59Passive.
1:00:02Okay, so if you're going to invest in
1:00:04XRP versus XRP, you need to factor in
1:00:08expenses,
1:00:11this is not just a question of
1:00:14how much XRP goes up,
1:00:18>> how good are they running the business?
1:00:20That's what the question is. Do not
1:00:23forget that
1:00:25you still have to audit the company the
1:00:28same way you Some of y'all don't be
1:00:30auditing companies and the owners and
1:00:32their competency. Some of y'all don't do
1:00:34it. That's your business, not mine. I
1:00:36don't got nothing to do with that. But
1:00:38that's what you need to be fig looking
1:00:40at.
1:00:41>> Mhm.
1:00:41>> When you if you're going to do this
1:00:43versus investing in because let's say
1:00:46XRP go up and they got crappy
1:00:48leadership, the value of the company
1:00:49could go down.
1:00:50>> Mhm.
1:00:51>> Okay. Hey, if you're active, this is
1:00:52some advanced stuff. 99% of y'all not
1:00:55going to do it, but the point 0001% of
1:00:58y'all thank me later.
1:01:00>> Okay.
1:01:01>> So, I have a question based upon
1:01:03everything, your notes and things like
1:01:05that.
1:01:05>> Uhhuh.
1:01:06>> What are some of the good oldfashioned
1:01:08picks and shovels?
1:01:09>> You get you
1:01:11[laughter]
1:01:16businesses worth investigating.
1:01:18specialized bookkeeping and fund
1:01:20administration firms. If I'm an
1:01:22accountant or I'm in that role right
1:01:25now, you're going to see a boom in
1:01:28people
1:01:29who want to get in on this side of the
1:01:31business
1:01:33fund administration, but also get to
1:01:37understand the accounting and
1:01:40bookkeeping behind crypto. Mhm.
1:01:44>> Everybody ain't going to be able to do
1:01:45it.
1:01:48Financial compliance and reporting
1:01:50services,
1:01:53payment reconcili reconciliation
1:01:55businesses, loan servicing companies,
1:01:58financial data integration providers,
1:02:00cyber security and identity verification
1:02:03service firms
1:02:09by these businesses and increase the
1:02:12value by implementing systems to affect
1:02:16it. So you got the silver tsunami. All
1:02:19of the old people retiring, accountants
1:02:22retiring. He got a book of business. Get
1:02:25that book of business. Learn this cuz
1:02:27all this comes with new accounting rules
1:02:29>> and bookkeeping rules.
1:02:31>> Mhm.
1:02:32>> Learn this. Implement it in the
1:02:33business. Increase the value. Now, I
1:02:35know that I just made it be real simple,
1:02:37but it it is it easy? No. Is it simple?
1:02:42Yes. That's what that's where the the
1:02:44the sweet spot is.
1:02:47simple difficult things
1:02:51>> you don't want something complicate
1:02:54how can I put this
1:02:57so on the spectrum I told you you want
1:02:59to kind of live dance near you want to
1:03:02have some complexity involved in your
1:03:04business
1:03:05>> so you want to you don't want to go too
1:03:07complex
1:03:08>> you want it to be relatively simple it
1:03:11it's weird because you have to have a
1:03:13>> very interesting balance Mhm.
1:03:16>> between simple, complex, difficult.
1:03:21>> As you're saying that, the only thing
1:03:22that I can think about, of course, you
1:03:24know, I trade and so just the aspect of
1:03:27trading like it's a very simple thing
1:03:29once you once you know it. It's a very
1:03:31simple thing.
1:03:31>> If you're a good trader,
1:03:33>> it's very simple.
1:03:33>> When it go down,
1:03:35>> then when it go up like that,
1:03:36>> but it's difficult.
1:03:37>> But it's difficult
1:03:38>> if you're a good trader.
1:03:39>> Mhm.
1:03:41>> You already know how I feel about
1:03:42trading. That's why I'm saying if you're
1:03:44a good trader, if you're a good trader,
1:03:46you got time.
1:03:50>> But, and I'm not just saying this like
1:03:54understanding this
1:03:57is the difference between your
1:03:59successful business and not. I had a
1:04:02huge thing with one of my mentees.
1:04:06this person wants to bring in a another
1:04:11her to someone to service the operations
1:04:15in her business. And I said, if you
1:04:18bring in someone now
1:04:22>> before you establish complexity in the
1:04:26business of the business, they will
1:04:29steal your business. M
1:04:32>> it's almost like let's pretend like you
1:04:34grow trees. Okay.
1:04:38You let's pretend you grow you you you
1:04:40apples you have apple trees
1:04:42and you're like and you your job is to
1:04:44plant these trees. You go out you plant
1:04:46the trees and you're like yo I really
1:04:47want to double my business. I'mma hire
1:04:48another planter. Okay.
1:04:52And so all you do is plant the trees.
1:04:54When it's time to harvest you wash you
1:04:57pick the trees. You wash them off. You
1:04:58sell them
1:05:01at the first chance. Every time y'all
1:05:03get into an argument, guess what your
1:05:04other planter is going to do?
1:05:08You done trained them.
1:05:09>> Mhm.
1:05:10>> They're going to go and start their own
1:05:12business and become your competition.
1:05:13>> Mhm.
1:05:15>> But guess what you now have to do before
1:05:18you hire the the the other planter?
1:05:22Now you have to come up with a system
1:05:25that's way too complicated.
1:05:27>> Mhm. for somebody bogged down with the
1:05:29day with the troubles of life
1:05:32>> in order to get it to market
1:05:34>> in a more efficient way.
1:05:35>> Hold your horses. So, what you now need
1:05:37to do is assemble a line of picking
1:05:40them, washing them, sending off
1:05:43invoices,
1:05:45uh packaging them, put a pretty bow on
1:05:47it,
1:05:49coming up with a a a subscription
1:05:52service.
1:05:54Is your picker going to have time to do
1:05:56that? Mhm.
1:05:58>> Can they go and replicate your business?
1:05:59So then they go see your customers and
1:06:01the customer and they're like, "I can
1:06:02plant the apple for you and pick them
1:06:04and and all he can do is just bring them
1:06:06in the ugly barrel." But no, I'm on a
1:06:08subscription service with Homeboy and
1:06:10his is clean. They shined off.
1:06:13>> Mhm.
1:06:16>> The boxes is pretty. I'm just selling it
1:06:18right out. I ain't got to worry about
1:06:20packaging it up.
1:06:27That's what I have to say about that.
1:06:29What do you want to say?
1:06:30>> No, my question, it really wasn't a
1:06:33question, but it is a question. It was
1:06:34more so like is the word complexity or
1:06:36is the word opacity.
1:06:39>> You always want to have opacity in front
1:06:41of your complexity
1:06:45bar. [laughter] And I don't even know
1:06:47what that means, but it sounds like
1:06:49>> you always want to keep a your your
1:06:51secret sauce.
1:06:53Or if your secret sauce is so secret,
1:06:57you can share it and I know that you're
1:06:58not going to do it.
1:07:04>> All I tell you right now, I'm going to
1:07:07be able to ride this wave. We almost
1:07:09said I'm going to be able to ride this
1:07:10wave for a nice little minute cuz I'm
1:07:11going to tell you something. the people
1:07:12that's looking at and I'mma I'm going to
1:07:16remove the opacity.
1:07:18>> The people that's looking and being like
1:07:20cuz I already know what content creators
1:07:22do. They be like, "I want copy." And so
1:07:24somebody's going to try to copy what I'm
1:07:25doing. And I'm going to tell you right
1:07:27now, let me tell you why you can't do
1:07:29it. Cuz you know what I do that you're
1:07:32not going to do?
1:07:34Read.
1:07:35>> Mhm.
1:07:36>> All day every day. You can't match me
1:07:38with the books.
1:07:38>> Mhm.
1:07:41And I got I'm old.
1:07:46I look I don't know. Maybe I look my
1:07:47age. I don't know. I don't really care.
1:07:49Give me my money. [laughter]
1:07:51You can't You can't You can't You can't
1:07:54It'll take you 50 years to catch up to
1:07:56me.
1:07:57>> Mhm.
1:08:00>> I got Tab on my side.
1:08:04By the time you catch up to me, this
1:08:06business be a behemoth.
1:08:11You chasing old man.
1:08:12>> Mhm.
1:08:16>> Look behind you. I'm about to pass you
1:08:18twice. Comment if you know who verse is
1:08:21that.
1:08:21>> I don't I don't know who that is.
1:08:27You don't know.
1:08:31JJ
1:08:36[music]
1:08:39say this and we're gonna get started.
1:08:41Somebody I listen something and they
1:08:43pointed this out
1:08:46space, right?
1:08:48If you can just wake up and z anywhere
1:08:52in space in the known universe.
1:08:55>> Mhm.
1:08:56>> The chances are that you end up in empty
1:08:59voidness. The void emptiness
1:09:02>> is 99.999
1:09:05like e to the something.
1:09:07>> Okay.
1:09:08>> So you just wake up and just teleported
1:09:10somewhere.
1:09:12You will have to teleport for trillions
1:09:15of years until you magically teleported
1:09:17on something.
1:09:21That's how
1:09:23that's
1:09:26how how much vast darkness emptiness
1:09:29space is. Okay.
1:09:30>> Mhm.
1:09:31>> So, I think they broke it down like
1:09:33literally if you teleported
1:09:351 second, every second you have to
1:09:38teleport for millions of years before
1:09:40you teleport just by chance
1:09:42>> Mhm.
1:09:43>> onto a planet
1:09:45>> or star.
1:09:46>> Mhm.
1:09:47>> Okay.
1:09:49in that
1:09:51the possibility that that thing is a
1:09:54planet and then that that thing that
1:09:56planet is inhabitable is so slim to
1:10:01none. That is how blessed you are.
1:10:04>> Mhm.
1:10:04>> That you are on this planet.
1:10:07>> I be having a question about those
1:10:09statistics.
1:10:09>> Hold your horses.
1:10:10>> Mhm.
1:10:12And you mean to tell me you have all the
1:10:14resources in the world and you're going
1:10:16to divert it
1:10:20to leaving
1:10:23versus fixing the problem.
1:10:28>> You are a special kind of evil.
1:10:30Special. Very special.

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