Every Bank Should Tokenize Deposits Ft. Andrew Huang & Bhaji Illuminati
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Every Bank Should Tokenize Deposits Ft. Andrew Huang & Bhaji Illuminati

52:19 Sep 1, 2025
About this episode
On Ep. 46 of Tokenized, Simon Taylor, Head of Content & Strategy @ Sardine, and Cuy Sheffield, Head of Crypto @ Visa, are joined by Andrew Huang, Founder @ Conduit and Bhaji Illuminati, CEO @ Centrifuge to discuss tokenized deposits vs stablecoins in banking, regulatory considerations for tokenized deposits and more!Timestamps:00:00 Introduction01:38 Centrifuge's role in tokenizing real world assets since 201704:43 Debate on tokenized deposits vs stablecoins in banking09:41 Privacy and compliance challenges for on-chain bank deposits13:44 Regulatory considerations for tokenized deposits and systemic risk23:34 Aave's RWA Market Horizon for on-chain collateralized lending27:20 Institutional adoption of tokenized real world assets in DeFi34:09 New solutions for verifying stablecoin issuers and preventing fraud41:56 Growth of stablecoin-linked cards and global payment infrastructure45:07 White-label stablecoin issuance and interoperability between chainsTokenized is sponsored by VisaA world leader in digital payments, Visa is bridging the gap between traditional financial institutions and innovative blockchain networks, helping players in the payments ecosystem navigate the ever-evolving world of tokenized fiat currencies with confidence and ease. Learn more at visa.com/crypto.Tokenized is presented by Bridge, a Stripe company.Just like the internet made information global, stablecoins are making money global. And Bridge, a Stripe company, is the infrastructure powering that shift. Built for speed, scale, and simplicity, Bridge helps businesses send, store, convert, and spend stablecoins instantly, all without borders or having to navigate the complexities of crypto. Learn more at bridge.xyzTokenized is also presented by CentrifugeWith over $1 billion in total value locked, Centrifuge works with major institutional partners to tokenize and distribute their funds — and with capital allocators onchain to invest and manage yield. Through every crypto cycle, Centrifuge has been building — and today, it’s the market leader in tokenizing real-world assets. Learn more at centrifuge.io***We’d also like to remind you that the views or opinions of our contributors today are their own and do not necessarily reflect those of the companies they are representing. Nothing we say should be taken as tax, financial, investment or legal advice, do your own research! Music by Henry McLean
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