Post

Jevgenijs Kazanins

@jevgenijs

Nov 8, 2025 • 1 tweets • 1 min read • Read on X

Vlad Tenev on tokenization of equities, Robinhood $HOOD Q3 2025 earnings call: “We’re still in Phase 1…where it really starts to get interesting is Phase 2 and Phase 3, which is them available for secondary trading on Bitstamp and then eventually them being on DeFi where the possibilities really start to multiply.”

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Jevgenijs Kazanins

@jevgenijs

Jun 18, 2025

Reading about the Coinbase Commerce Payments Protocol that will power USDC on Shopify. If I understand correctly, the protocol allows implementing rules similar to the rules currently enforced by Visa and Mastercard:
✔️ The protocol introduces two concepts: "Escrow" and "Operator"
✔️ Funds from payers are collected into the "Escrow" before being transferred to the merchant
✔️ The "Operator", which can be an "advanced smart contract", facilitates the transfer of funds from the "Escrow" to the merchant (or back to the payer)
✔️ "The protocol is not concerned with how the operator is implemented and just recognizes it as an address"
...so Visa or Mastercard can build their own "Operators" that implement the scheme's rules through smart contracts.
How cool is that?!!!
$COIN $V $MA