Diego Perez de Ayala: Wall Street Is Going Onchain (Frictionless)

Diego Perez de Ayala says the industry chased the wrong bet for years, and the trillions are in rebuilding the financial system itself.

Diego, known as Solana Legend, joins Andy and Rob live from the Empire State Building to lay out the thesis behind Frictionless. They talk about why the nouns of Wall Street are already onchain but its verbs are still early, the race to get licensed before the regulatory window shuts, and why tokenization today looks like stablecoins in 2014. He also covers the incumbents' Kodak dilemma, why chains that ignore capital markets won't survive, and what could justify trillion-dollar layer ones.

Diego Perez de Ayala, known as Solana Legend, is Co-Founder of Frictionless, backing onchain trading and capital markets infrastructure including Backpack and Titan.