If you think about what tokenization means, it means you're representing almost illegal claim

in equity or fixed income into software, which is a smart contract owned by the issuer of that

asset.

We've now have this paradigm shift of it's not just the database entry that has Ryan owns 100 shares of XYZ.

The entire representation of that asset is software.

If that software can interact with other software,

you can do a lot of interesting things that you were never able to

do before on a 24 by 7 always on settlement system that has a lot of this permissionless

innovation. If you think of blockchains as factories and data is oil, you need to get the oil to the factory

in a highly secure, reliable, compliant way.

We're the pipes that carry that oil.

Without reliable data onto a blockchain, you can't build an application.

That's the fundamental problem that ChainLink solved.

I'm Ted Seidies, and this is Capital Allocators. My guest on today's show is Ryan LaVelle,

the director of capital markets at Chainlink Labs,

where he leads to the development of blockchain-based solutions for tokenized finance across banking and capital markets.

Chainlink is powered more than $28 trillion in transaction value and powers the majority of decentralized finance.

Our conversation explores the hidden plumbing of modern finance and the upgrade

blockchains provide. We discussed ChainLink's critical role in connecting traditional finance

with blockchain technology, the rise of tokenization and stable coins, institutional adoption,

and the intersection of AI and blockchains around a single source of truth for financial

transactions. Before we get going, I recently returned from a week's ski vacation to Switzerland

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