Real GDP Lending on Blockchain Could Be A Gamechanger | Bill Wolf
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Bill Wolf, Chief Investment Officer at TrustToken/TrustLabs joins Jack Farley to talk about all things blockchain: his journey into this new form of currency, real GDP loans, and stablecoins.
Bill and Jack talk about TrustToken and the services its business offers in the trading and lending space. What red flags does TrustToken find to help other firms who are looking to invest or take out loans? While struggling lenders in the CeFi space had no choice but to declare bankruptcy, Bill tells Jack that his company TrustToken has never had a single default on its platform. Watch to find out how his company avoided risks that have taken many other companies out.
Filmed the afternoon of August 2, 2022. Be on the lookout for The Investors Guide to TrueFi Capital Markets, coming out soon on Blockworks.co.
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(00:00) Introduction
(00:55) Bill's Journey into Blockchain
(07:58) Real GDP Loans on Blockchain
(17:05) Stablecoins
(23:26) Tether
(26:08) TrustToken's Structure
(38:05) Lending Terms
(47:34) Interest Rate Risks
(49:13) Fee Structure
(53:15) Definition Of A Credit Loss
(57:25) Lender Protections
(59:45) Correlation Risk
(1:08:47) "We're All Going To Pay For The Sins of Others"
(1:10:24) The Future Of Blockchain Lending
(1:13:57) The Fed
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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