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NOTE Open Interest — brett-hornung-anseta. Draft: automatic transcript (faster-whisper small.en) of the released edit, automatic speaker assignment (resemblyzer, 2 speakers), corrections applied from the editorial glossary and OCR of the burned-in captions. Not yet reviewed line by line.

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<v Kinsa Durst>Welcome to the Panoramic Content Suite Singapore Token2049 edition We got a long week ahead of us But got a wonderful guest here made

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<v Kinsa Durst>Valuable time out of the day to be here with us for [unclear] jam chat

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<v Kinsa Durst>Brett Hornung from Anseta, that he's a chief commercial officer there will let him do a proper introduction, but welcome Yeah, thank you for

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<v Brett Hornung>Having me really excited for this.

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<v Brett Hornung>Nice.

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<v Brett Hornung>Nice.

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<v Kinsa Durst>So yeah, I think we met and chatted a bit in Korea for Korea Blockchain Week had a blast there got a long week ahead

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<v Kinsa Durst>Of us with the MBS in the backdrop But basically, you know wanted to kick things off with maybe a brief introduction about yourself how

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<v Kinsa Durst>You ended up at Anseta today Yeah, awesome.

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<v Brett Hornung>Well, thanks again for having me.

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<v Brett Hornung>So yeah, my name is Brett Hornung I'm currently based in Hong Kong, but originally from the States

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<v Brett Hornung>I spent the first seven and a half years of my career at Accenture the big consulting firm Doing enterprise blockchain.

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<v Brett Hornung>So my entire career has been with you know, financial market players telcos very large Fortune 500 companies Like how can they enter the blockchain

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<v Brett Hornung>Space?

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<v Kinsa Durst>About super exciting.

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<v Brett Hornung>Yeah Well back then it was super exciting.

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<v Brett Hornung>I think for because it was like the biggest companies trying to figure out how they come on chain and And you know fast forward

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<v Brett Hornung>To today the last year and a half I joined a company called BCW group and within the group I am the chief commercial officer

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<v Brett Hornung>Of Anseta

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<v Brett Hornung>And so I've been doing that for about a year and a half and It's kind of like life comes full circle because now all

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<v Brett Hornung>The institutions are actually coming on chain, right?

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<v Brett Hornung>So you walk around the conference.

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<v Brett Hornung>It's all suits and it's like, you know I've been waiting 9 10 years for this kind of moment.

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<v Brett Hornung>And yeah, it's very exciting especially with what we're doing at Anseta Yeah, yeah, I mean I his your blazers right there, too.

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<v Kinsa Durst>Just took it off for the Nice nice cool.

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<v Kinsa Durst>Yeah, I know we go back.

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<v Kinsa Durst>I worked with you met you when you're at Accenture Yes, really exciting times.

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<v Kinsa Durst>But right now you guys But you're still focused on the same

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<v Kinsa Durst>Domain, I think right you're still working with institutions and bring them on chain

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<v Kinsa Durst>Through Anseta exactly gotcha.

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<v Kinsa Durst>Gotcha.

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<v Kinsa Durst>Maybe maybe you can give a quick intro about you know What you guys are working on there?

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<v Brett Hornung>Yeah, definitely.

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<v Brett Hornung>So Anseta it is essentially a Institutional white label blockchain infrastructure company.

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<v Brett Hornung>And so what I mean by that is we work with the world's largest organizations Let's call it the Forbes Global 2000 to help them

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<v Brett Hornung>Onboard to crypto So that is things like nodes whether they need custom RPCs to access the blockchains that they work with white label validators

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<v Brett Hornung>We run that white label data staking yield all the kind of things that Are you know that that initial entry point for big enterprises

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<v Brett Hornung>And more recently we've actually rolled out some stuff in the on-chain AI space Yeah, so this is our x402 facilitator as a service

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<v Brett Hornung>Offering We're seeing a lot of interest obviously in agentic payments and what that means And some of our larger payment clients and telcos and

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<v Brett Hornung>Hyperscalers are asking us like what infrastructure can they actually provide in that space?

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<v Brett Hornung>And so we're very excited about that.

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<v Brett Hornung>Nice.

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<v Brett Hornung>Nice.

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<v Kinsa Durst>So I'm assuming there's different types of demands from different institutions and it sounds like You guys are providing services according to that Where do

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<v Kinsa Durst>You see the most demand?

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<v Brett Hornung>I guess these days Yeah, I think today, you know as these institutions actually move on change So they're moving away from let's say proof

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<v Brett Hornung>Of concepts to actual production builds.

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<v Brett Hornung>They're putting traditional assets on chain They're starting to offer custody Tokenization of tokenize your tokens.

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<v Brett Hornung>Yeah, exactly.

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<v Brett Hornung>So that's all coming.

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<v Brett Hornung>So as they start to do that It's becoming part of their core business It's no longer sitting in an innovation department or in a

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<v Brett Hornung>Digital assets native team It's actually integrated into the business and with that, you know You have infrastructure needs because you're not just outsourcing the

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<v Brett Hornung>Entirety of it for like a POC and so we see a lot of demand on the RPC side in terms of like customers.

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<v Brett Hornung>Hey, we want dedicated swim lanes to interact with these blockchains We also are starting to see demand on both the validator side as more

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<v Brett Hornung>Institutions participate in these blockchains they want to have a seat at the table, right if you think about traditional networks today either a

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<v Brett Hornung>Financial institution owns their own internal network and it's not open to Decentralized or they're part of a consortium of other financial institutions, which they

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<v Brett Hornung>Then have a seat at the table And so these validator nodes are actually a great way for them to participate in the network have

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<v Brett Hornung>Some level of say But it also makes them, you know more embedded with that network because now they have a you they're participating at

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<v Brett Hornung>The core infrastructure level Right, so we're seeing a lot of a lot of demand there I would say those are like the two biggest

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<v Brett Hornung>Areas as institutions are moving on chain But we're excited to kind of about some of the more let's say innovative or exciting things versus

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<v Kinsa Durst>Just the core the frontier The frontier exactly before we get onto the frontier I didn't want to ask, you know, there's so many exciting

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<v Kinsa Durst>Announcements I think QNT was a huge one with the banks that are involved across North America Europe, etc

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<v Kinsa Durst>Robinhood obviously have been the talk of the town I think Tempo with Stripe is seems like a power player as well Are you

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<v Kinsa Durst>Allowed to maybe name some of your favorites or you guys just try to play like a neutral party within the ecosystem?

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<v Brett Hornung>Yeah, unfortunately, I think we are trying to play more of a neutral party in the ecosystem I mean the things that do excite me

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<v Brett Hornung>Though I can name probably a few is, you know I'm very excited about when enterprises actually deploy on chain So like you look at

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<v Brett Hornung>Some of the white label or not white label You look at some of the stablecoins that have come out that are like the

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<v Brett Hornung>Fiserv, Fiserv, MoneyGram Those types of companies launching stablecoins is like super exciting.

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<v Brett Hornung>Yeah, right

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<v Brett Hornung>I think from a you know from let's say an infrastructure perspective I think it's very cool that companies like Visa have come out and

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<v Brett Hornung>Said that they're actually running validator nodes on layer one blockchains I think if you look at the validator set from Arc as well Some

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<v Brett Hornung>Of those fortune like 50 fortune 100 companies that are running validator nodes like to think that a G-SIB bank Would be running a

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<v Brett Hornung>Validator node on your public blockchain

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<v Brett Hornung>Ten years ago or even five even three years ago would have been like crazy.

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<v Brett Hornung>And so that stuff is very cool I mean, I remember back in the day like we would have a enterprise doing something in blockchain

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<v Brett Hornung>Announcement like once every quarter Right, right and now it's like multiple every time you can't even fit it in anymore You can't you can't

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<v Brett Hornung>Stay up to date on it like you used to And so there's just so much exciting stuff going on and that's why I love

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<v Brett Hornung>Like being here in Singapore because there's so many events There's so many conferences and everybody is essentially announcing like a new partnership a new

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<v Brett Hornung>Tokenized fund a new tokenized asset a new stablecoin So just the the momentum that we have is incredible six.

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<v Kinsa Durst>Well, thank you for paving the way.

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<v Kinsa Durst>No, you were there early

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<v Brett Hornung>I tried it tried

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<v Brett Hornung>It was definitely harder back then.

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<v Brett Hornung>Yeah, I think you know the challenges were that

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<v Brett Hornung>Yeah, I mean blockchain itself was just a challenge just to convince people what it was and why there were benefits, right?

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<v Brett Hornung>But I will say the cool thing now that we're seeing is people are asking obviously They're not asking as much like what is blockchain?

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<v Brett Hornung>How does it work?

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<v Brett Hornung>What should I be doing but rather they're asking?

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<v Brett Hornung>Kind of like hey, here's my use case.

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<v Brett Hornung>Here's how I'm going to do it Can you help me to do these certain things?

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<v Brett Hornung>So it's like they've kind of taken the ownership of what they want to do the business case why they're doing it how it's going

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<v Brett Hornung>To work and then they're coming to you to actually fulfill the requirements that they already know they need right just super cool Yeah, it's

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<v Brett Hornung>Real.

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<v Kinsa Durst>The use case is there very real.

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<v Kinsa Durst>Let's go

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<v Kinsa Durst>Nice now

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<v Kinsa Durst>That's yeah, that's a good lots to do that said I think we do want to keep an eye on the frontier What's coming up

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<v Kinsa Durst>Next five ten years?

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<v Kinsa Durst>Obviously AI is a huge part of that.

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<v Kinsa Durst>It seems like you guys are

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<v Kinsa Durst>Ready for that direction as well.

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<v Kinsa Durst>You mentioned agent like payments Yeah, what do you what are you seeing in that direction?

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<v Brett Hornung>Yeah, so we've been over the past year kind of building in the background behind our like node staking execution that core business We've been

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<v Brett Hornung>Building in the agentic payment space So we work today with very large payment services providers as well as hyperscalers that are in the payment

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<v Brett Hornung>Space And they've all kind of been trying to figure out, you know, just like everybody.

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<v Brett Hornung>How do I get involved in this space?

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<v Brett Hornung>What can I do?

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<v Brett Hornung>In this space especially as agentic payments are started to increase in volume And so we looked at you know We looked at x402

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<v Brett Hornung>As one of the protocols that we wanted to focus on first and we really saw that You know in the x402 flow you

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<v Brett Hornung>Have the agent you have the merchant you have the facilitator and you have the blockchain now You don't always need the facilitator But we

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<v Brett Hornung>We see a world in which these large merchants will still want to work with their existing payment services provider in order to help Facilitate

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<v Brett Hornung>Their transactions and so in that world those types of companies can become what's called a facilitator And so we've rolled out this product that's

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<v Brett Hornung>Called facile x402 facilitator as a service and essentially any blockchain that supports x402 Any stablecoin that you want to allow payment in

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<v Brett Hornung>From From agents or able to support and so we can deploy that you know under their brand Just like we would deploy a validator

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<v Brett Hornung>Or like we would deploy an RPC or you know staking application or whatever.

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<v Kinsa Durst>Oh, wow, that's sick Yeah

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<v Kinsa Durst>That's really cool

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<v Kinsa Durst>Yeah, yeah, I use like OpenClaw. Instinct is a popular one right now where it's like your personal agent.

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<v Kinsa Durst>I think

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<v Kinsa Durst>One thing that they're lacking is they are able to figure out bookings for you, but in terms of making the actual payments moving your

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<v Kinsa Durst>Assets That's where I think people are trying to figure out the last kind of key unlock Yeah to make happen as they become actually

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<v Kinsa Durst>More reliable than maybe a human EA or something like that Yeah, I think in the near term You you will still have the same

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<v Brett Hornung>Payment flow for a lot of things just because it's from a human behavior standpoint You know anything more than a few dollars You probably

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<v Brett Hornung>Might still want like some authority over for sure, especially big purchases That's gonna go through normal payment flows You may use agents from like

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<v Brett Hornung>Hey talk to their agent to find the flight talk to their agent to you know Get the best deals

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<v Brett Hornung>But I think that from a payment perspective We are starting to see is like how will you actually facilitate the on-chain payment?

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<v Brett Hornung>And that's why we're excited about this facilitator because it does essentially play the role of that acquirer that would be in the picture at

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<v Brett Hornung>That point in time I think from a

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<v Brett Hornung>Yeah

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<v Kinsa Durst>Nice.

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<v Kinsa Durst>Yeah.

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<v Kinsa Durst>Yeah yesterday.

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<v Kinsa Durst>We had a guest from Surf AI which is more they're building out basically ChatGPT for asset management that has the ability to make

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<v Kinsa Durst>Decisions and trade on chain and they also just closed a partnership with Bithumb in Korea to integrate that into centralized exchange as well

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<v Kinsa Durst>So we're seeing it on like crypto native perspective in terms of asset management Maybe yield farming and the agents ability to actually manage some

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<v Kinsa Durst>Certain amount assets We'll see how that plays out But it makes I think it makes a lot of sense in terms of payment protocols

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<v Kinsa Durst>Payment networks for them to

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<v Kinsa Durst>Integrate agents as well on chain payments.

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<v Brett Hornung>Yeah I think I think that there needs to be a big kind of shift almost in payment behavior for this to take off Which

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<v Brett Hornung>A lot of people are starting to talk about but the merchants themselves are going to want to have to accept this Yeah, and they

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<v Brett Hornung>May also want, you know for this to really take off micro transactions Probably will have to become a thing and that will be a

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<v Brett Hornung>Fundamental shift in terms of how people pay for things Most things today you sign up for a subscription and it's monthly And that is

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<v Brett Hornung>How they the merchants are actually doing their business versus one-off payments.

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<v Brett Hornung>Like yes, you could be doing that But they need to be able to switch to say hey instead of paying a month for the

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<v Brett Hornung>Content for all my news articles I want to just charge on a per article basis And that is a just a business shift that

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<v Brett Hornung>Does does take time, right?

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<v Brett Hornung>Right, but if you start to see companies starting to do that, that's real, you know, the agentic payments up will really take off Gotcha.

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<v Kinsa Durst>That is a feature.

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<v Kinsa Durst>I hate managing my monthly subscriptions.

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<v Kinsa Durst>It's really annoying.

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<v Brett Hornung>It is very annoying Yeah, you sign up once for one thing when you forget about it.

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<v Brett Hornung>Yeah.

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<v Kinsa Durst>Yeah, cool.

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<v Kinsa Durst>Nice

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<v Kinsa Durst>Well, yeah, so I'm excited sounds like you guys have a lot of exciting things coming up Super busy with dealing with institutions.

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<v Kinsa Durst>I know I know it's really hands-on That said, you know Coming week.

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<v Kinsa Durst>We do have Token2049.

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<v Kinsa Durst>I was curious, you know, what is there anything that you're you're most excited about any Anything you're pushing from Anseta During this week at

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<v Kinsa Durst>Token2049.

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<v Brett Hornung>Yeah So at Anseta, we recently rebranded actually we used to be called StakeFi We rebranded to Anseta about

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<v Brett Hornung>A month and a half ago So a lot of the work that I'm actually doing is telling people I work at the same company

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<v Brett Hornung>But it's just called something else And so there is a bit of like kind of like marketing going on this week You know speaking

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<v Brett Hornung>At a number of events to kind of grow the brand There are a lot of institutions in town and they all kind of want

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<v Brett Hornung>To see like where they go What's next?

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<v Brett Hornung>Yeah, and so there's a lot of conversations this week around like institutions moving on chain They're kind of core infrastructure needs and so very

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<v Brett Hornung>Excited to be in those conversations.

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<v Brett Hornung>I think Token2049 this year

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<v Brett Hornung>Feels like it's different than years past in the sense that There's just a lot more institutional activity the side events that are with the

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<v Brett Hornung>World's, you know largest financial institutions It's just a very exciting time in you know from where I started in my career to now Just

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<v Brett Hornung>To see some of these things come

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<v Brett Hornung>And actually launch, you know It's just a very yeah, it's awesome to be in the industry right now.

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<v Brett Hornung>Yeah.

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<v Kinsa Durst>Yeah gotta keep your blazer on I got to keep my blaze around.

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<v Brett Hornung>Yeah, I know

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<v Kinsa Durst>Nice and if the audience wants to learn more about Anseta we're maybe get in touch with you Yeah, how does that happen?

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<v Brett Hornung>Yeah, so you can visit anseta.com if you want to reach out to me I'm Brett Hornung on X and that's the

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<v Brett Hornung>Easiest way or on LinkedIn works as well.

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<v Kinsa Durst>Nice and then Anseta, A-N-

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<v Brett Hornung>Anseta, that's all I'd say.

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<v Kinsa Durst>Well, thank you for hopping on great to great to see you again.

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<v Brett Hornung>Thank you very much
