“I don’t think you’re going to replace the stock market with the blockchain just because it’s better. I think they can coexist. Take all the benefits that you have from blockchain and figure out a way to adapt it.”
Jaime Rogozinski is the founder and ousted chief of Reddit’s infamous trading community: WallStreetBets. He spent years watching crypto from the sidelines as a die-hard “stonks only” investor. This week on “Opinionated,” he tells Ben, Danny and Anna how he finally came around.
Now, Jaime is playing a leading role in WSBDapp.com, a project he says mixes global equities, smart contracts and borderless finance. The idea is to give investors a crypto token whose value is linked to trades they might not otherwise make. Jaime says it’s an innovative evolution of traditional finance (TradFi) and decentralized finance (DeFi).
The project is in its early stages, but the gang still has plenty of questions for Jaime. For example: Why would regulators allow tokenized stocks? How do tokenized exchange-traded products differ from exchange-traded funds? Is this really going to be a boon for retail investors?
Listen to this week’s “Opinionated” to find out.