Episode
Stablecoins, Tokenization & the Future of Banking with Adam Nelson of FirstMark Capital
- Podcast
- RiskReversal Pod
- Published
- Jul 29, 2026
- Duration seconds
- 2241
- Processing state
not_requested- Canonical source
- https://traffic.megaphone.fm/RRM8888737468.mp3
Actions
POST https://stenobird.com/v1/public/podcasts/riskreversal-pod-1366742/episodes/stablecoins-tokenization-the-future-of-banking-with-adam-nelson-of-firstmark-capital/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/riskreversal-pod-1366742/stablecoins-tokenization-the-future-of-banking-with-adam-nelson-of-firstmark-capital.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
Dan Nathan sits down with Adam Nelson, fintech-focused VC partner, to break down why stablecoins and tokenized real-world assets are set to reshape the financial system. They cover the GENIUS Act’s impact on regulatory clarity, why Circle’s net income now rivals major banks, how Visa and Mastercard are responding to the threat, and the rise of companies like Rain and Velocity building the infrastructure layer. They also dig into why traditional banking moats are eroding, and close with a look at Hyperliquid, perpetual futures, and the growth of prediction markets like Kalshi and Polymarket. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or ser…