SG Bali - Kyle Sonlin from Paxum - ChaTea Talks at CoinFest.Asia powered by ICP

Summary

Kyle from Paxum discusses how his company is bridging traditional real-world assets with blockchain through tokenization and liquidity solutions. Paxum focuses on creating cross-chain interoperability, allowing assets like real estate, securities, and commodities to generate reliable yields via decentralized finance (DeFi). The platform aims to provide financial institutions with the tools to integrate traditional finance with the blockchain ecosystem, making it easier for them to participate in crypto markets without abandoning existing structures. Kyle emphasizes the importance of getting 1% better every day to drive continuous improvement and success.

Takeaways

• 😀 Paxon is working to bridge the gap between real asset securities and blockchain by tokenizing them and providing liquidity.
• 😀 Tokenizing real assets offers a more reliable and sustainable asset class compared to volatile cryptocurrencies.
• 😀 The main challenge is not tokenizing assets, but building liquidity, investor demand, and integrating traditional financial systems into crypto.
• 😀 Many crypto users are holding stablecoins without earning yield, and Paxon aims to create opportunities for investors to earn interest on their digital assets.
• 😀 There is currently over $200 billion worth of stablecoins, but few options to earn yield on these holdings, highlighting the demand for financial solutions in the crypto space.
• 😀 Paxon aims to offer a solution where institutional investors can earn passive yield on tokenized real assets like real estate or commodities.
• 😀 Interoperability across different blockchains is a key focus for Paxon, allowing institutions to access a broader market without technical barriers.
• 😀 The vision is to create multi-chain liquidity pools, which would allow for cross-chain transactions of tokenized real assets, such as real estate or gold.
• 😀 Traditional financial institutions are seeking to connect their private systems to the broader blockchain ecosystem, and Paxon facilitates this with interoperability solutions.
• 😀 Kyle from Paxon believes multi-chain solutions are the future of blockchain technology, allowing institutions to bridge the gap between traditional finance and crypto.
• 😀 Paxon’s approach includes not just tokenizing real-world assets but also ensuring they are connected to broader liquidity pools across different blockchain ecosystems.

Q & A

What is Paxum's main focus in the blockchain space?

Paxum's main focus is on bridging the gap between traditional financial markets and the blockchain by tokenizing real-world assets and providing liquidity solutions. The aim is to offer sustainable, reliable investment opportunities by integrating real-world assets into the crypto space.

What makes tokenizing real-world assets so important for the crypto industry?

Tokenizing real-world assets is important because it allows traditional assets like real estate or commodities to be brought onto the blockchain. This enhances the scalability and stability of the crypto economy, providing real value and reducing reliance on speculative investments.

What is the main challenge in tokenizing real-world assets according to Kyle?

The biggest challenge is not tokenizing the asset itself, but building liquidity and creating demand for these tokenized assets. It’s about integrating these assets into the traditional economic system and ensuring there is sufficient investor interest.

How does Paxum plan to address the liquidity issue in tokenized assets?

Paxum plans to address liquidity by developing cross-chain interoperability and building liquidity pools that connect different blockchains. This ensures that tokenized assets can be easily traded and accessed across different platforms, enhancing the overall market liquidity.

What role do stablecoins play in Paxum's approach to asset tokenization?

Stablecoins, which are pegged to fiat currencies like the US dollar, are a key element in Paxum's approach. They represent a large, reliable asset class that can be used to offer yield-bearing opportunities, just as traditional financial products provide returns on investments.

How does Paxum compare to traditional banks in terms of investment returns?

Paxum offers a model where institutions can earn yield on their tokenized assets, much like traditional banks offer high-yield savings accounts. However, Paxum focuses on tokenized real-world assets, which are more reliable and sustainable compared to the often volatile returns in the crypto space.

Why is interoperability between different blockchains crucial for Paxum's mission?

Interoperability is crucial because it enables institutions to invest in tokenized assets across different blockchains without being restricted by technical barriers. Paxum's goal is to connect multiple blockchains, ensuring liquidity and seamless integration between various digital assets and traditional finance.

What does Paxum see as the future of the blockchain industry?

Paxum sees a multi-chain future where blockchain networks are interconnected, and assets can be tokenized and traded across different chains. The future will not be about competition but about enabling connectivity and fluid transactions across various blockchain ecosystems.

What is the main difference between a traditional bank’s solution and Paxum’s blockchain-based solution?

Traditional banks provide internal solutions for privacy and security, whereas Paxum’s blockchain solution focuses on providing a decentralized platform for tokenized assets, ensuring that these assets are accessible across multiple blockchains and financial institutions.

What advice did Kyle give for personal and professional growth?

Kyle’s advice is to focus on getting 1% better every day. He explains that small, consistent improvements can lead to monumental growth over time, both in personal and professional aspects, making a huge difference by the end of the year.