In this episode of the Web3 with a16z podcast, Sonal introduces a conversation between a16z crypto CEO Anthony Albanese and Abigail Johnson, Chairman and CEO of Fidelity Investments, recorded at the recent Founders Summit event. Abby discusses Fidelity's early involvement with Bitcoin, starting with a learning-oriented approach in 2013, leading to mining operations and accepting Bitcoin donations for their charitable gift fund. She also shares insights into Fidelity's custody business, the impact of regulatory clarity like the Genius Act, and their approach to stablecoins, including the launch of an on-chain tokenized money market fund. Abby also shares her perspective on the build versus buy dilemma, offering advice to founders looking to partner with Fidelity, and reflects on her leadership journey, emphasizing curiosity, continuous learning, and the importance of diverse perspectives. The conversation concludes with a Q&A session, addressing topics like the market structure bill, the evolution of TradFi with crypto, Bitcoin's role in savings, and balancing risks in new ventures.
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