Joe Lubin

Consensys (MetaMask) is partnering with Ondo Finance to provide access to tokenized securities. Lubin states TradFi and DeFi are merging, and banks are choosing Ethereum L2s (like Linea) for private/permissioned settlement. As banks move from "private blockchains" to public mainnet via L2s, the assets they tokenize (Treasuries, Equities) will flow through protocols like Ondo. Ethereum remains the settlement layer of choice for high-value trust. LONG ONDO (as the RWA leader) and ETH (as the settlement layer). Banks might successfully lobby to keep stablecoin yield for themselves, stifling DeFi growth.

Consensys (MetaMask) is partnering with Ondo Finance to provide access to tokenized securities. Lubin states TradFi and DeFi are merging, and banks are choosing Ethereum L2s (like Linea) for private/permissioned settlement. As banks move from "private blockchains" to public mainnet via L2s, the assets they tokenize (Treasuries, Equities) will flow through protocols like Ondo. Ethereum remains the settlement layer of choice for high-value trust. LONG ONDO (as the RWA leader) and ETH (as the settlement layer). Banks might successfully lobby to keep stablecoin yield for themselves, stifling DeFi growth.

DATs (Digital Asset Trusts) like MicroStrategy (MSTR), SharpLink Gaming, and Bitmine are long-term permanent capital vehicles with no leverage, providing beta exposure to the underlying token (Ether or Bitcoin) and are well-positioned to survive downturns and grow the ecosystem. They are a valuable and important primitive for both crypto and traditional finance.

"We've been shipping hyper liquid... permarket prediction markets... We recently announced with Ondo Finance that we're providing access to tokenized equities." MetaMask is not building these financial products from scratch; they are aggregating existing protocols (Hyperliquid for perps, Ondo for RWAs). With MetaMask's "massive distribution" (100M users), these specific integrated protocols gain direct access to the largest retail user base in crypto, driving volume and token demand. Long the protocols explicitly named as key integrations in the MetaMask "Neobank" stack. Regulatory crackdowns on interface providers (MetaMask) offering securities or derivatives to retail users.