Digital asset native. Freedom maximalist. Building the RWA matrix and playing positive sum games. Founder @estateprotocol
Joined April 2020
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Great talking to Jackson from @TheStreet Roundtable at Ondo Summit about @EstateProtocol and what we’re doing
Feb 18
📽️ WATCH: Estate Protocol CEO Parv Prabhakar says tokenizing only 10% of the U.S. real estate unlocks $7 trillion in liquidity.
Interview by Jackson H.
@EstateProtocol
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no amount of private citizen power tripping would ever come close to how government behaves when they don’t get their way
Between Politico and Axios we get a pretty clear picture that this was another case of 'the vibes are off and when we say jump they ask for an explanation rather than how high, so let's blow everything up.'
Plus more whining about not getting Dario on the phone fast enough.
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maybe ai people will feel what crypto people have been feeling about stupid regulatory actions for a decade
Jun 13
The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.
The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance.
Access to all other Claude models is not affected.
We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible.
Read our full statement: anthropic.com/news/fable-myt…
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and it will work too
USD stablecoins are the trojan horse for treasury debt going direct to the people instead of politically sensitive central banks
most countries are asleep at the wheel on local currency stables. there would be a tsunami of international demand for stables as soon as clarity passes
and then rates would go back to 0, inflating away the debt
Jun 5
The word on the Russian streets is US is planning a 37 trillion dollar crypto reset by devaluing debt.
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My current mental model for crypto and its future:
DeFi became a serious lifeline for regimes kicked out of the US led financial order, billions went to NK and Iran etc
This was somewhat acceptable during peacetime and when crypto was almost entirely made up of high risk capital
But two things have changed in the past few months -
1. America is at war. Which means someone somewhere did the calculation for how many exploited DeFi dollars end up costing 1 potential American life. Whatever the number is it’s not pretty.
2. Clarity is going to pass, which means a flood of MUCH lower risk US capital coming onchain.
If I were the US government, I would fully support integrating crypto rails to update the existing financial system with Clarity, but I would also direct NSA to end all the ragtag permissionless DeFi protocols such that no clean capital finds the risk/reward worth potentially mixing funds with Iran and NK.
Crypto doesn’t produce anything.
It’s certainly better technology to run modern financial systems on, and the global access to a modern financial system it created has helped millions of people all over the world, but helping people is not the priority during wartime. Maximizing odds of survival is.
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this was opus 4.8
not buying any cryptocurrency that doesn’t have kyc till mythos comes out
Jun 4
bro basically said "look for bugs that could exploit zcash"
that's the prompt that found an exploit in a 10 billion dollar protocol
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it’s New York or Nowhere in crypto now unfortunately
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> overpay for @x, win your guy the election
> @xai buys @x at last round valuation (all stock, elon valuation)
> @SpaceX buys @xai for $250B (all stock, elon valuation)
> get index providers to add $SPCX at elon valuation
> IPO
remember thinking about how bad the X deal was and who would end up paying for it, turns out it’s grandma and grandpa
Rule changes for the SpaceX $SPCX IPO:
Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.
This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.
Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.
Russell 1000 and Nasdaq 100 funds will absorb 24%.
The rules built to protect passive investors:
1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.
2. Nasdaq cut its inclusion window from 90 trading days to 15.
3. FTSE Russell cut its to 5.
All three benchmarks are now structured to buy SpaceX at IPO pricing.
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one of the best RWA use case i’ve seen out there
RE TGE is coming soon.
A new era for the internet native insurance capital market begins.
More details here:
blog.re.xyz/re-governance-to…
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i saw this coming years ago, but the state of crypto right now is unlike anything i’ve ever seen
If you’re in the grey, your future is bullish
people in red and blue both are feeling the squeeze
People keep calling for random trends and narratives each cycle but if you really zoom out and look
The biggest trend now is the extreme polarization of tradfi and crypto worlds ending
Regulatory uncertainty induced by the previous US regime resulted in established orgs treating crypto as a toxic industry even if there were obvious benefits to it
@jpmorgan won’t touch lending protocols
@sequoia won’t touch ICOs
@riotgames won’t touch P2E
@blackstone won’t touch tokenized real estate
This will change very quickly with a clear regulatory framework. Pay attention to the grays.
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Nathan was a legend. We first started talking here half a decade ago and it’s been amazing to see how far he took Ondo. Thank you for all your help. Rest in peace brother.
May 25
It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo's founder. Our hearts are with his family and loved ones.
Nate’s brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a more open, accessible financial system lives on in everything we build. The impact he had on this industry, and on all of us personally, cannot be overstated.
Nate also helped us build a durable organization with experienced leaders across all facets of the business. Ian De Bode, Ondo Finance’s longtime President, will serve as CEO. Ian has been leading our strategy, product, and day-to-day operations for over two years and has the full confidence of the leadership team.
We will continue building what Nate started. That is the most meaningful way we know to honor him.
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Parv retweeted
May 24
Major areas where the financial system still needs an update:
1. Tokenization of real-world assets - Real estate, stocks, bonds, funds, etc. onchain for instant settlement, fractional ownership & massive distribution.
2. 24/7 Global trading - Pooled global liquidity, every asset, every person, with great leverage and capital efficiency.
3. Next-gen payments - Near-instant, low-cost global transfers using stablecoins, including for Agentic payments.
4. AI-powered risk, credit, compliance, and advice - Better decisions, less fraud, and broader access to capital. Everyone gets access to a great financial advisor.
5. Innovation friendly regulation - Move from one-size-fits-all to risk-based rules that encourage innovation and competition instead of stifling it.
6. Expanded access - Open protocols that reduce middlemen and self-custodial wallets to expand access to everyone with a smartphone.
7. Capital formation - Low cost and turnkey for anyone to raise money for a good idea, increasing the number of startups.
8. Sound money - A refuge from inflation, when discipline is lost in fiat money.
Jobs not done until we get these working for all.
Will require lots of tech innovation and policy work to get there.
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this is now the only way see DeFi evolving
In a few months, the base layer collateral assets in DeFi would shift from being crypto to harder, real world assets
This would change the risk profile significantly
Less liquidations, higher LTVs, lower borrowing rates
You’d be able to borrow against your real estate, stocks, bonds, get stablecoins, and then use them to get into higher risk positions, in one minute or less
For most people, borrowing against uncorrelated assets onchain would be the obvious choice. You would be an idiot not to do it.
Might actually make DeFi the primary choice over CeFi also for UX
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everything that matters is in new york. it’s the center of the world. it’s the main character city. even all the SF tech comes to new york as soon as it starts to matter. everyone everywhere else is coping about this fact.
it's crazy how many high quality candidates are being frozen out of the market right now due to location
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officially an alien of extraordinary ability.
my O-1 just got approved.
going through this process taught me something i didn't expect: americans are genuinely some of the most helpful people on earth. the friends, mentors, and near strangers who wrote letters, made intros, and picked up the phone when i needed them, none of them had to. they did it anyway.
this is still the best country in the world to build in. the density of talent, capital, and people who want to see you win is unmatched.
for other founders going through the visa gauntlet right now, hang in there. it's worth it.
back to building. excited for what's next.
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to everyone that was hoping to cop the @Swatch x @AudemarsPiguet royal pops
just went past the soho store, already people camping
the sale doesn’t start for another 5 DAYS
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