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The repo market is $16 trillion globally and it is, as Craig Birchall puts it, the oil that makes everything go. It is also almost entirely absent from on-chain finance — and that gap is creating real problems for RWA liquidity, stablecoin swap desks, and DeFi protocols trying to manage redemption queues.

Steve Ehrlich sits down with Craig Birchall, head of lending at FalconX, and Matteo Pandolfi, CEO of on-chain credit infrastructure provider Pareto, to map exactly how repo works, what broke in 2019, why it translates extremely well into onchain finance.

Matteo puts a $1 trillion figure on where on-chain repo gets in five years. Craig gives you one reason it gets there and one very honest reason it might not.

Host:

    • Steven Ehrlich, Head of Research, SharpLink & Host of Bits + Bips: The Interview

Guests: