How To Fix Crypto's Token Problem | Weekly Roundup

The discussion centers on the evolving role of tokens in crypto projects, questioning their necessity and value accrual. The conversation highlights Across Protocol's move to transition from a DAO to a traditional corporate structure, offering token holders equity, as a potential trend. Rob Hadick suggests many protocols with underperforming tokens may follow suit, seeking benefits like easier deal-making and clearer value capture. Santi and Rob debate whether tokens are essential for customer acquisition and community building, referencing examples like Hyperliquid and Ondo. They also explore the contrasting strategies of Visa and Mastercard in the crypto space, and Ripple's buyback program, questioning the true value of XRP holdings. The hosts further touch on Kraken's Fedwire access and its implications for competition with Coinbase.