#364: Nelson Chu on Digitizing Private Credit Markets

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 19 August 2020

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nelson Chu is the founder and CEO of Cadence, the leading digital securitization and investment platform for private credit. He is a 3x startup founder with several years of experience at the top investment management firms, including Bank of America and BlackRock. In this conversation, we discuss the private credit market, the pros/cons for each market participant, how it got so fragmented, what Cadence is doing to solve the issues, how they have been impacted by the pandemic, and what future products Nelson is interested in building. ============================ Crypto.com is the only all-in-one platform that allows you to BUY / SELL / STORE / EARN / LOAN / INVEST crypto all from one place. Join over 1 million users currently using the Crypto.com app. Download and earn $50 USD using my code ‘pomp2020’, or use the link https://platinum.crypto.com/r/pomp2020 when you sign up for one of their metal cards today. ============================ Coinbase Wallets are adding support for .crypto and .zil domains through their partnership with Unstoppable Domains. Unstoppable Domains provides an all-in-one solution for blockchain domains. You can send money using these new domains instead of long Bitcoin wallet addresses, while also storing your domain in Coinbase's collectibles section. Go to unstoppabledomains.com in the dapp browser to register and manage your domains. ============================ Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp podcast, simply the best podcast out there. Let's kick this thing off.
0:11.5	Nelson Chu is the founder and CEO of Cadence, the leading digital securitization and investment platform for private credit.
0:18.8	He is a three-time startup founder with several years of
0:21.7	experience at the top investment management firms, including Bank of America and BlackRock.
0:26.5	In this conversation, we discussed the private credit market, the pros and cons for each market
0:31.7	participant, how it got so fragmented, what cadence is doing to solve the issues, how they have been impacted
0:38.9	by the pandemic, and what future products Nelson is interested in building. I really enjoyed
0:43.9	this conversation with Nelson, and I'm a proud investor in Cadence. I hope you guys enjoy this one.
0:50.0	But before we get into this episode, I want to quickly talk about our sponsors. The first is crypto.com.
0:55.7	They're the only all-in-one platform that allows you to buy, sell, store, earn, loan, and
1:00.6	invest crypto all from one place.
1:02.6	You can join over 1 million users currently using the crypto.com app.
1:06.6	That's right.
1:07.0	They've got a million people using the crypto.com app where you can buy, sell, store, earn loan, or invest crypto, all from one place.
1:14.3	So you can go and get $50 US using my code Pomp 2020 or click on the link in the description.
1:21.2	Crypto.com's not only got an absolutely awesome URL, but that's the place where mass adoption is occurring.
1:27.4	So go check them out,
1:28.8	crypto.com. Next up is unstoppable domains. Coinbase wallets are adding support for dot crypto
1:37.0	and dot zill domains through their partnership with unstoppable domains. So as many of you know,
1:43.0	it's really, really difficult to
1:45.1	get every single letter and number correct in a random string for a Bitcoin wallet address.
1:51.7	Coinbase wallet is now adding the ability for you to simply have something like pomp.cropto.
	...

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