Andrew McCormick, who recently joined Chainlink to lead its institutional push, sits down with Frank Chaparro. He explains why tokenized equities are Chainlink's fastest-growing business, why big banks now want to talk DeFi, and how tokenization could open markets to the 80% of Americans who've never placed a trade.

Anna Kazlauskas, co-founder and CEO of Vana, explains on The Desk that public internet text is running out as AI training data, that labs are turning to private data, and that knowledge not already in the models is becoming the scarce asset. She says Vana has passed 1.5 million users and that its Vega upgrade moves writes from an 18-second, three-confirmation wait to about 50 milliseconds, and she argues that platforms like Amazon will favor themselves over consumers as agents start shopping.

Bhaji Illuminati, CEO and co-founder of Centrifuge, joins Frank Chaparro at RWA Summit in Brooklyn, the event Centrifuge started in 2023. She explains why asset managers now begin tokenization with real onchain demand, how Janus Henderson went from T-bills to its flagship CLO strategy, and why Centrifuge is converting its token into equity.

Edward Woodford, founder and CEO of zerohash, explains on The Desk what institutional stablecoin activity looks like from the infrastructure layer: which corridors and use cases produce real volume, why stablecoins became the majority of his business, and why licensing and compliance, not technology, is what fintechs are actually buying. zerohash reached a $1 billion valuation in September 2025 on a $104 million round led by Interactive Brokers, with Morgan Stanley, Apollo-managed funds, and SoFi participating.

Robert Leshner, CEO of Superstate, returns to The Crypto Tape during the RWA Summit. He argues that most tokenized stocks are really tokenized brokerage balances, that the traction so far looks anti-institutional, and that the real money in onchain equities will be made on the trading side, not issuance.

Hayden Adams, founder of Uniswap, joins Frank Chaparro at the RWA Summit to argue that tokenization is the digitization of value. He explains why AMMs win on cost of capital rather than raw efficiency, how correlated pairs decouple what TradFi bundles in dollars, and why Uniswap is a liquidity network, not a decentralized exchange.

Chris Maurice, CEO of Yellow Card, joins Frank Chaparro to separate stablecoin hype from reality. Running payment infrastructure in 50+ countries, he argues remittances haven't been revolutionized because middlemen still pocket the savings, banks are allies rather than enemies, and the yield fight is really about bank margins.

Kristin Smith, President of the Solana Policy Institute, joins Frank Chaparro on The Crypto Tape for a clear-eyed read on crypto's policy fight. She explains why the CLARITY Act is far from dead, with a bipartisan Senate vote still live for September, and why the SEC and CFTC are building a parallel track toward an innovation exemption for tokenized securities. She also flags the one regulatory move that could bring a slice of a $100 trillion market onchain.

Spencer Hallarn, GSR's Global Head of Markets, joins Frank Chaparro and Slater Santer on episode three of The Desk. He explains why RWA perps made up 63% of Hyperliquid volume last week, what Bitcoin's implied volatility sitting in the second percentile of the year means for current conditions, and how retail's appetite for speculation has found a better story in AI and 50x leverage

Carlos Domingo, CEO of Securitize, joins Frank Chaparro on The Crypto Tape for a grounded look at where tokenization stands today. He explains why tokenization only needs a sliver of the equities market to be transformational, why Securitize's 2019 bet registering as a transfer agent now makes those firms gatekeepers for tokenizing the biggest names, and how the SpaceX IPO-access mess showed the industry the right way to distribute shares.