E180: Kast Founder: The Biggest Crypto Opportunity Of Our Lifetime Is Happening Right Now

<p>Raags, founder of Kast, breaks down the massive crypto opportunity he bet his career on, why he scrapped Kast’s token for tokenized equity, and what really happens to your money if a crypto bank collapses.</p><p><br></p><p>THE SHIFT NEWSLETTER</p><p>💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter</p><p>___________</p><p>PARTNERS</p><p>⚖️ Variational aggregates liquidity to offer industry-leading depth on crypto, equities, commodities, and more: https://www.variational.io/</p><p>🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/</p><p>💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries - Get $20 Signup Bonus - https://go.kast.xyz/VqVO/SHIFT - promo code: SHIFT</p><p>🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence.</p><p> Buy with 10% off - promo code: WSH10 - https://affil.trezor.io/SH12h</p><p>🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/</p><p>⚖️ Ethena is a synthetic dollar protocol on Ethereum, offering a crypto-native, non-bank-dependent stablecoin called USDe. It uses a delta-neutral hedging strategy with staked ETH to maintain a $1 peg. https://ethena.fi/</p><p>♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com</p><p>🚀 Kalshi is a US regulated financial exchange that allows users to trade on the outcomes of real-world events : https://kalshi.com/category/crypto</p><p>___________</p><p>CONNECT WITH RAAGS</p><p>Twitter: https://x.com/raagulanpathy</p><p>LinkedIn: https://www.linkedin.com/in/raagulanpathy/</p><p>Twitter: https://x.com/kastxyz</p><p>Website: https://www.kast.xyz/</p><p><br></p><p>FOLLOW WHEN SHIFT HAPPENS</p><p>Twitter (X): https://x.com/KevinWSHPod  </p><p>Instagram:  https://www.instagram.com/kevinfollonier_ </p><p>Linkedin: https://www.linkedin.com/in/kevinfollonier/</p><p>Website: https://kevinfollonier.com/</p><p><br></p><p>DISCLAIMER</p><p>The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.</p><p><br></p><p>0:00 Introduction</p><p>1:58 How Raagulan Prioritizes What’s Done At Kast</p><p>4:35 Kast Employees Deal With Major Chaos</p><p>5:38 Raagulan’s Theory About Hiring For Kast</p><p>7:02 Why Firing People Can Be More Difficult</p><p>8:35 An Error That Could Kill Kast</p><p>9:52 Convincing A Stable Coin Skeptic </p><p>12:06 Why Kast Has To Build Different Departments</p><p>18:32 Partnerships: @Variational @BitwiseInvest</p><p>19:24 Raagulan’s Thoughts On Fees</p><p>21:55 Kast’s Best Customer Type</p><p>23:53 Something Raagulan Shouldn’t Say Publicly</p><p>29:04 Raagulan’s Experience With GLP-Ones</p><p>34:05 Kast Is On Track For $100 Million In Revenue</p><p>36:55 Why Kast Hasn’t Blown Up Due To Misspending</p><p>41:04 Why Is Everyone Trying To Build Neo Banks</p><p>42:52 What’s Difficult About Building Neo Banks</p><p>49:14 Kast Isn’t A Card Business</p><p>50:43 How Kast Is Building Momentum</p><p>56:29 Partnerships: @KASTxyz @Trezor</p><p>57:33 Kevin’s Thoughts On Kast</p><p>58:59 What Does Kast Do With $80 Million</p><p>1:01:55 Would Raagulan Consider Selling Equity</p><p>1:08:39 Is Your Money Truly Yours When Inside Kast </p><p>1:10:49 What Happens To Your Money If Kast Fails</p><p>1:17:38 Pros &amp; Cons Between Non &amp; Self Custo