1) The document discusses the tokenization of everything and describes it as a revolution. It discusses three revolutions - the creation of censorship resistant value transfer, establishing what I see is what you see through shared ledgers, and lessons from token gold rushes and new examples of peer to peer capital markets through ICOs. 2) It introduces Corda as a solution for building an industry-level system of record where all participants see the same data. 3) It discusses the digital asset ecosystem and opportunities for tokenizing securities, establishing market infrastructure through exchanges, and service providers like custodians and wallets. It argues Corda is well suited for situations where many participants need shared facts or control over shared

1. The Tokenization
of Everything
Todd McDonald
CordaDay Singapore
7 March 2019

2. The Tokenization of Everything

3. THREE

4. Revolution 1: the creation of censorship resistant value transfer

5. But…the original blockchain design just doesn’t work for
business
Turns out, being
your own bank
is kind of a
drag!

6. Revolution 2: What I See Is What You See
$215,000,000,000 = estimated inv. bank IT in 2017
driven from hidden costs, intractable complexity
and countless points of reconciliation
what if we could build an industry-level system
of record, where what you see is what I see
and there is one version of data and one version
of the truth

7. so we did
corda.net

8. Revolution 3

9. wait…really?

10. Lessons from the Token Gold Rush
but also a new example
of peer to peer capital
markets:
The ICO boom was a massive
experiment with other people’s
money…
those seeking capital directly
connecting with those looking to
allocate capital

11. Friends at last?
Traditionalists
Incumbents
Libertarians
Disruptors
STOs
Tokenised securities
Digital Asset &
Token Market
Infrastructure
Well, there might be
something to this
“crypto” after all…
Hmm, we do live in a
world with laws and
courts, and they
exist for a reason…

12. Digital Asset Ecosystem
Banks
Issuers
Debt or Equity Issuers
Value Chain or User
Incentive Issuers
Settlement Asset Issuers
Issuers Managing
Funds/Assets
Market Infrastructure
Digitization, Compliance, & Issuance Exchange
FMI / Traditional Exchanges
Token Advisors Legal Settlement
Service
Providers
Investors
& Users
Wallets
Custody & Management
Value Chain or
Consumer Use
Investors
Supply Chain / Users

13. Making it real
CordaDay Singapore
7 March 2019

14. Reminder: Not about where a blockchain can work, but where
it’s best
• Need for many participants to reach
consensus on a set of shared facts
• Need for many participants to share
control over the evolution of shared
facts
• Need for atomic value transfer
• Need to create provably-scarce
digital assets (securities, money,
identity…)

15. The Digital Asset Sweet Spot
• Need for many participants to reach
consensus on a set of shared facts
• Need for many participants to share
control over the evolution of shared
facts
• Need for atomic value transfer
• Need to create provably-scarce
digital assets (securities, money,
identity…)

16. Corda for Settlement
Continuum of
Settlement Assets:
There are many types
of (and ways to move)
money-like things

17. Corda Cash Issuer: Create cash tokens (fiat-backed stablecoins)
for Corda ecosystems
Download:
https://github.com/corda/cas
h-issuer
CASH ISSUER
CORDA NODE
COLLATERAL
PARTICIPANT
NODE
PARTICIPANT
NODE
PARTICIPANT
NODE
PARTICIPANT
NODE

18. Corda Settler: Spin up a Corda node, settle anywhere*
(including on Corda)
*anywhere = payment rail with the right end points

19. Corda Settler and SWIFT GPI

20. Announcing…

21. The Six Digital Exchange (SDX) Roadmap
Primary
Market
Services
New Digital
Tokens
Tokenization
of Existing
Assets
Non-
bankable
Assets

22. Exchange, Settlement, & Custody

23. Powered by

24. Thank you!
CordaDay Singapore
7 March 2019