Episode 6: Ethereum vs Solana: The Infrastructure Battle
Ethereum vs. Solana: The Future of Tokenized EquityIn this episode of 'Old Men New Money,' Douglas Borthwick discusses the major infrastructure decision in digital securities: Ethereum versus Solana. He highlights Galaxy Digital's choice to tokenize NASDAQ-listed shares on Solana, marking a significant shift from Ethereum due to Solana's high performance and lower costs. Borthwick argues that while Ethereum has institutional credibility and regulatory comfort, it falls short in terms of transaction speed and cost compared to Solana. He provides a detailed comparison of the two blockchains, emphasizing Solana's advantages for high-frequency trading and consumer-facing applications. Borthwick concludes that trends in developer migration and transaction volume favor Solana, marking it as the future leader in smart contract platforms. The episode also teases a future discussion on stablecoins.00:00 Introduction to the Debate: Ethereum vs. Solana00:12 Galaxy Digital's Groundbreaking Move00:58 Ethereum vs. Solana: A Performance Comparison02:26 The Regulatory Shift and Its Implications04:42 Ethereum's Struggles in High-Frequency Markets05:27 Why Solana is the Future for High Throughput Applications06:31 Developer Migration to Solana07:36 Solana's Real-World Usage and Efficiency09:48 The Layer Two Debate and Solana's Unified Approach10:40 Ethereum's Strengths and Limitations11:42 Solana's Security and Network Stability14:19 Future Predictions and Strategic Advice18:07 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe
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Episode 5: Blockchain 101: What Wall Street Needs to Know
Blockchain Basics: Understanding the Technology that Powers Digital SecuritiesIn this episode of Old Men New Money, Douglas Borthwick begins module two of the educational series on digital securities, focusing on blockchain technology. He explains what a blockchain is, its security features, and the differences between public and private blockchains. The episode covers the benefits of blockchain for finance, including instant settlement, fractional ownership, and programmable compliance. Borthwick emphasizes the importance of understanding the technology as major financial institutions implement blockchain strategies. He also discusses the economic models of various blockchains and highlights their adoption and risks. The concluding advice urges finance professionals to gain hands-on experience and follow thought leaders in the blockchain space.00:00 Introduction to Module Two: Blockchain Technology00:53 Understanding Blockchain Basics01:38 The Importance of Blockchain in Finance02:32 How Blockchain Settlement Works03:39 Detailed Explanation of Blockchain Mechanics06:16 Public vs. Private Blockchains07:47 Smart Contracts and Their Impact09:05 Blockchain's Advantages for Digital Securities10:46 Decentralization and Its Significance13:34 Performance and Scalability of Blockchains15:00 Consensus Mechanisms Explained16:11 Current Blockchain Adoption and Statistics17:15 Risks and Challenges of Blockchain18:22 Practical Steps to Engage with Blockchain19:31 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe
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Episode 4: Unmasking the Unseen: The Infrastructure Powering Digital Securities
The Critical Role of Infrastructure in Digital SecuritiesIn this episode of Old Men New Money, Douglas Borthwick discusses the often-overlooked but essential role of infrastructure in the digital securities market. He emphasizes the importance of alternative trading systems, transfer agents, and custodians in ensuring the smooth functioning of digital securities. Douglas draws from his experience at INX to explain how they built their own infrastructure to support digital assets, including the acquisition of Open Finance and Tokensoft's transfer agent. He explains the different custody models, the role of transfer agents in maintaining accurate records and compliance, and the challenges ATSs face in achieving liquidity. The episode concludes with an outlook for the future of digital securities infrastructure and practical advice for issuers and investors. This comprehensive discussion highlights the critical importance of robust infrastructure in the success and growth of the digital securities market.00:00 Introduction to Digital Securities Infrastructure00:10 The Importance of Infrastructure in Digital Securities00:44 Building the Necessary Infrastructure01:09 Critical Components of Digital Securities Infrastructure03:20 Custody Models and Providers07:08 Role of Transfer Agents10:41 Trading Venues and Market Liquidity15:39 Global Developments and Regulatory Landscape20:00 Future of Digital Securities Infrastructure21:15 Practical Advice for Issuers and Investors24:10 Conclusion and Future Modules Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe
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Episode 3: Demystifying Security Token Offerings: The Real Process Behind the Buzz
The Complete Guide to Security Token Offerings (STOs): Costs, Process, and PitfallsIn this episode of Old Men, New Money, Douglas Borthwick demystifies the intricate process of Security Token Offerings (STOs). He details the entire journey from planning to execution, highlighting key parties involved: issuers, securities lawyers, blockchain developers, transfer agents, broker dealers, and custody providers. The episode breaks down costs, timelines, and common pitfalls that companies face. Borthwick draws from his experience at INX, providing practical insights into legal documentation, smart contract creation, investor relations, and compliance. The episode serves as a comprehensive guide for companies considering STOs, underlining the importance of professional execution.00:00 Introduction to Security Token Offerings00:14 Understanding the STO Process02:02 Key Players in an STO04:44 Detailed Breakdown of the STO Timeline13:48 Common Mistakes and How to Avoid Them15:31 Successful STO Case Study: INX17:17 Practical Advice for STOs19:05 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe
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Episode 2: Navigating the Regulatory Landscape: A Must-Know for Digital Securities
Navigating the Regulatory Maze for Digital Securities: Reg D, Reg S, and Reg CF ExplainedIn this episode of 'Old Men New Money,' Douglas Borthwick delves into the complexities of regulatory frameworks surrounding digital securities. Focused on SEC's Reg D, Reg S, and Reg CF, Borthwick highlights the importance of understanding these regulations to avoid financial losses. He shares insights from his experience at INX, discussing the challenges and benefits of complying with these exemptions. The episode covers the specifics of each regulation, reporting requirements, resale restrictions, and common mistakes companies make. This foundational understanding is crucial for investors and founders to navigate the evolving landscape of digital securities successfully.00:00 Introduction to Regulatory Roadmap00:27 Importance of Understanding Regulations01:10 Overview of Regulatory Exemptions03:26 Deep Dive into Reg D05:52 Exploring Reg S07:09 Understanding Reg CF08:00 Full Registration Process09:09 Compliance and Common Mistakes12:00 Future of Digital Securities Regulations12:47 Practical Advice for Investors and Founders13:35 Conclusion and Next Episode Preview Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe
About Old Men, New Money®: Bitcoin, Blockchain & Tokenization
The Authority's Guide to Tokenization & Digital Assets. Tired of crypto advice from influencers who've never executed a real securities offering? Douglas Borthwick (pioneer of the first SEC-registered security token IPO), Phil Larmon, and Ali Davoudi bring decades of Wall Street experience to blockchain innovation—and they're not here to sell you the latest memecoin. What makes us different: Douglas made history raising $85 million in the world's first regulated token IPO. We've survived multiple market crashes, built real wealth through traditional investing, and now we're showing how tokenization reshapes serious portfolios. No hype. Just the creator of the "Insumer Model" asking questions crypto Twitter won't. Every episode delivers: Exclusive interviews with industry pioneers (not Twitter personalities), Real tokenization opportunities from someone who's actually executed them
Security token strategies that work within regulatory frameworks, Market analysis from the author of 5 blockchain books. Perfect for: Executives and institutional investors exploring tokenization without the learning curve. If you're making real investment decisions, this show is for you. Recent guests include: Samson Mow, former FTX executives, and entertainment industry pioneers. New episodes every Tuesday. Subscribe and join 13,000+ investors learning from the person who literally wrote the book on tokenization. Warning: We occasionally reference SEC filings and things before Bitcoin existed. oldmennewmoney.substack.com
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