CoinFund

And I reached out.

CoinFund said they were going to get me one.

That was a lie.

Spencer at Theory Ventures told me he was going to get me one.

And by 19, I was like, now's the right time to launch a fund.

Joined CoinFund beginning of 20, launched the Liquid Fund, brought in all of the infrastructure to build an RIA, got a lot of momentum, CoinFund up to over a billion AUM over time.

Obviously, then we had the market downturn.

And we felt like, you know what, as we were coming into the end of last year, beginning of this year, really good time to think about spinning out the liquid fund, bulking up resources.

So actually our acquisition brought over eight people But we had another 15 plus people already doing crypto asset management.

So we're actually this is not a pure acquisition of a new business line.

This is a merger of a fantastic existing business with the liquid business that we spun out of CoinFund.

And this is just a doubling down.

Very impressive and also very impressive time to working in the stablecoin market.

You guys just closed a 32 million Series A led by CoinFund with names like Coinbase Ventures, Han Ventures, Paxos, Chainlink.

What does that signal about where institutional money thinks the stablecoin infrastructure market is heading?

Well, I think that we were very fortunate to get some of the best partners we could have for the Series A. I think that, like I mentioned, like CoinFund is amazing.

Coinbase is doing so much, like Coinbase Ventures has been a great partner and locked so much for us.

Hon, I think...

I have a lot of admiration for Diogo, for Chris Braque, and of course, home herself, right? And they are amazing folks.

And I think that moreover, you know, you have the institutions, but you have the people behind them.

Um, 2019, I said, "You know what? We're starting to see that institutional infrastructure.

It's time to launch a fund." Joined CoinFund, launched our liquid fund there.

We built the RIA.

So really built one of the first institutional quality managers in the space.

Um, and then at the beginning of this year, my partner Chris Perkins and I spun out of CoinFund and we were acquired by Franklin Templeton.

What is being acquired by Franklin Templeton now allow you to do that you couldn't do as a standalone firm, you couldn't do at CoinFund? What are kind of, I don't know, I would call the perks, right, of working with Franklin?

Well, so Bryce, one of the things that we were really focused on, this is the year in our view when traditional finance and crypto converge.

Sure.