Welcome, I'm Shawn The founder of @nrdxlab Creator of: @XRPL0S @IntraPay_ @Xocial_Global
Sacramento, CA
Joined May 2024
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Big news as Aviva Investors announces the launch of a tokenized share class of the Aviva Investors Sterling (GBP) Liquidity Fund on the XRP Ledger.
The Sterling (GBP) Liquidity Fund is Aviva Investors’ largest fund at around £22 billion in assets under management, and this move marks an expansion of Aviva Investors’ tokenised fund offering, following the launch of its tokenized USD Liquidity Fund in July.
Investors receive the same protections as those in the conventional fund, which was initially launched in 2002.
Markets are moving to 24/7 access and real-time settlement. This is what that looks like in practice.
For professional investors only. Capital at risk.
ripple.com/ripple-press/aviv…
Are you paying attention??
Blackstone CEO Stephen Schwarzman reveals how a 2015 bus ride with Jack Ma led to his firm being the world’s largest data center owner
“We did see the whole AI revolution, and that's just because of an accident. When I was in China in 2015, sitting on a bus with Jack Ma, who is the founder of Alibaba, and he started talking about that.”
“I literally had no idea what he was talking about, and he explained that this would be the most consequential technological change which would change the world.”
“So I have a bunch of academic relationships, one of whom was the head of MIT. He said, ‘Jack's underselling this’. So I said, ‘how do you know?’ He said, ‘because we invented AI at MIT.’”
“And we positioned the firm at Blackstone in this unique way where we bought a very large data center, a company, in 2021 for $10 billion. It's now 15 times larger.”
“We're the largest owner of data centers in the world. That puts us in touch with the six hyperscalers, because we work for all of them. So we know what's happening almost everywhere in this ecosystem.”
👀👀👀🔥🔥🔥🔥
@XRP will skyrocket soon @Ripple is up to something big. This is in New York City 42nd street train station even inside of the train everything XRP. Like @RosieRios said the train has left the station. @MTA even knows its just like @bgarlinghouse said XRP is the North Star.
Classic capital-cycle risk: heavy investment into rapidly improving technology with long construction lead times, funded partly with debt, where the returns only materialize if end-demand scales faster than the hardware improves and depreciates.
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“Historically, the most successful networks are public.”
For @usbank , launching its stablecoin pilot on an open-source network was an easy choice.
They built on Stellar because it’s an open network where security and resiliency are top priorities.
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Closing Ceremony - XRP Ledger Hackathon xitter.cf/i/broadcasts/1pJkOXBdM…
COFFEE TIME with ZRK & BUSTER! xitter.cf/i/broadcasts/1qKDzWZAW…
Crony Capitalist Kakistocracy
In systems with extensive government intervention in the economy, political skill, lobbying ability, and willingness to trade favors often outperform technical competence or long-term value creation.
Those most willing to pursue power for its own sake or for personal enrichment gain advantages over those focused on productive activity.
The result can be a feedback loop: crony privileges reward political operators, who in turn expand the scope of political discretion, further favoring the unscrupulous.
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The OCC is committed to supporting a strong community banking sector as payment innovation advances. The effect of stablecoin adoption on community bank deposits remains uncertain, and estimates vary widely. The OCC takes community banks’ funding concerns seriously and is closely monitoring potential deposit outflows as the industry develops. OCC.gov/GENIUS
ALT GENIUS Act Final Rule. Fact: The GENIUS Act and the final rule permit bank deposits to serve as reserve assets backing payment stablecoins, providing a continuing role for banks in this new industry.
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The digital euro will bring the benefits of cash into the digital age: a secure form of public money that protects privacy and is accepted across the euro area, says ECB Executive Board member Piero Cipollone to @MilanoFinanza.
Read the interview link.europa.eu/PFJjgx
