Seth Ginns & Anthony Pecore: Why Liquid Assets Win The Tokenization Super Cycle (Full Breakdown)

<p>Seth Ginns says the market has the tokenization trade backwards: pre-IPO equities are the exciting story, but assets that already trade with deep liquidity, like equities and treasuries, benefit most from 24/7 markets. He and Anthony Pecore of the Franklin Crypto team also talk through the &quot;odd looks&quot; they got launching Benji, why tokenized money market funds are now table stakes, how equities could be split into separate profit pools, and why they think assets will one day live in wallets instead of accounts.</p><p>Anthony Pecore is SVP and Director of Digital Asset Management at Franklin Templeton, where he has helped lead its on-chain fund efforts, including the tokenized money market fund Benji, live since 2021. Seth Ginns is CIO at Franklin Crypto and was an equities investor for 18 years before launching a liquid crypto fund in 2020.</p><p>The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.</p><p><br></p><p>00:00 Intro</p><p>02:06 Institutions Want Real Businesses Not Meme Coins</p><p>04:13 Benji Tokenized Money Market Fund Since 2021</p><p>06:13 Tokenization Path To Nowhere Is Dead</p><p>08:14 Tokenization Starts With Assets Not Apps</p><p>10:33 Value Creation Vs Value Capture Debate</p><p>13:21 Bet On H100s Short Blackwells Via Tokens</p><p>15:27 Autonomous Management Of Capital Explained</p><p>17:28 Franklin&#39;s 7 Year Asset Management Vision</p><p>18:52 AI And Digital Assets Are Complementary Technologies</p><p>19:13 The Financial Singularity Has Arrived</p><p><br></p><p>Guest Socials:</p><p>Seth Ginns X: https://x.com/sethginns</p><p>Franklin Templeton X: https://x.com/FTDA_US</p><p>Franklin Templeton Website: https://www.franklintempleton.com/</p><p><br></p><p><br></p><p>Partners: </p><p>If you run concentrated liquidity positions you know the grind. Price moves, you&#39;re out of range, you&#39;re rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua</p><p>---</p><p>Dinari - Over 230 1:1 backed tokenized stocks, ETFs &amp; more with dividends. US-based SEC transfer agent. Available on 5+ chains &amp; via API. https://dinari.com/</p><p>---</p><p>Space and Time is providing verifiable data infrastructure for on