Just met with a digital assets lead of a Tier 1 bank in NYC, here's the top takeaways.


1. They are "all-in" on stablecoins for payments and wanting to build fintech applications on crypto rails. Its a very clear usecase and easy sales pitch to most of their divisions internally and the value prop is easy to see: 24/7 global payments for a fraction of the cost of a wire transfer. Easy.
2. They are not thinking about perps and Hyperliquid. Not one bit. Perps and trading onchain is something that they understand is coming, specifically 24/7 markets, but when I brought up Hyperliquid, Lighter, Variational, was not really in their scope.
3. They are however interested in tokenization and see it as a credible threat to their business as it stands.
4. CLARITY worries them, and they are just *now* taking stablecoins seriously. Why? Well, of course, because the worry of losing customer deposits.
5. They are actively investing serious amounts of capital into fintech teams and neobanks, albeit they are very early and still trying to figure it all out.
HYPE18.58%
LIT9.44%
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