CoinDesk’s Money Reimagined

The Rise of the Ownership Economy With Sandy Kaul

Franklin Templeton SVP Sandy Kaul shares how to transform the financial industry and democratize access to alternative investments by empowering individuals to benefit from the assets and networks they build.

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Michael Casey’s New Book with Frank H. McCourt, their forthcoming book: Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age

In this episode of "Money Reimagined," hosts Michael Casey and Sheila Warren interview Sandy Kaul, Senior Vice President and Head of Digital Asset and Industry Advisory Services at Franklin Templeton. They discuss the future of the internet, the role of blockchain and smart contracts in transforming the financial industry, and the potential for tokenization to democratize access to alternative investments. They also explore the concept of the ownership economy and the importance of interoperability in the protocol economy.

Takeaways |

  • Blockchain and smart contracts have the potential to transform the financial industry by eliminating inefficiencies and reducing friction in operations, collateral management, and asset servicing.
  • Tokenization can democratize access to alternative investments by making them more approachable, liquid, and relatable to individual investors.
  • The ownership economy allows individuals to participate in and benefit from the assets and networks they help build, creating a more engaging and empowering investment experience.
  • The protocol economy, built on open-source protocols, enables direct participation and rewards for individuals, driving network effects and changing the concept of ownership.
  • Bitcoin ETFs are an important transition vehicle that provide broader access and exposure to the cryptocurrency market, driving liquidity and further development of the ecosystem.

Links |

forbes.com/sandy-kaul

Franklin Templeton

Crypto Council for Innovation

CoinDesk.com


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Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer.

HOSTS

Michael J. Casey

Michael J. Casey is Chairman of The Decentralized AI Society, former Chief Content Officer at CoinDesk and co-author of Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age. Previously, Casey was the CEO of Streambed Media, a company he cofounded to develop provenance data for digital content. He was also a senior advisor at MIT Media Labs's Digital Currency Initiative and a senior lecturer at MIT Sloan School of Management. Prior to joining MIT, Casey spent 18 years at The Wall Street Journal, where his last position was as a senior columnist covering global economic affairs.

Casey has authored five books, including "The Age of Cryptocurrency: How Bitcoin and Digital Money are Challenging the Global Economic Order" and "The Truth Machine: The Blockchain and the Future of Everything," both co-authored with Paul Vigna.

Upon joining CoinDesk full time, Casey resigned from a variety of paid advisory positions. He maintains unpaid posts as an advisor to not-for-profit organizations, including MIT Media Lab's Digital Currency Initiative and The Deep Trust Alliance. He is a shareholder and non-executive chairman of Streambed Media.

Casey owns bitcoin.

Michael J. Casey