MoneyNeverSleeps

Author: Pete Townsend GP at Norio Ventures

MoneyNeverSleeps is a weekly show where smart people bring one big idea, and Pete Townsend breaks it down in under 15 minutes. Featuring founders, operators, and investors shaping crypto, fintech, AI, and onchain finance. After 300 long-form episodes, the show has evolved into a sharper, faster format built for a world where insights need to travel quickly.
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DeFi vs Onchain Finance: Where Will TradFi Land? | Benedetto Biondi | Folks Finance [EP. 329]
Episode 329
Friday, 30 October, 2026

This week nearly half the companies on the OKX-ICE tokenized stock list opted out, and in the same week DTCC went live on Canton with JPMorgan signed up.That had me questioning my long-held view that TradFi would eventually fold into DeFi, so I asked Benedetto Biondi, co-founder and CEO of crosschain lending protocol Folks Finance and one of our Techstars Web3 mentors. He thinks DeFi’s early cyberpunk vision was naive, and that TradFi is adapting to onchain finance rather than to pure DeFi. It wants DeFi’s liquidity and reach but will only interact with it as a layer. We also get into why Folks won’t list securities directly, RWAs as collateral, Wield, their new regulated app, and why a $10 portfolio and a $10 million one should look the same to a protocol.Connect with Ben:LinkedIn: https://www.linkedin.com/in/benedettobio/X: https://x.com/benedettobioFolks Finance: https://folks.financeSubscribe on Spotify: https://open.spotify.com/show/4F8uOLxiscYVWVGEfNxTndChapters0:00 Cold open0:31 Intro1:06 Does the DeFi crowd care about TradFi coming onchain3:14 DeFi vs onchain finance5:36 OKX-ICE opt-outs and DTCC on Canton8:09 Three lanes: where does Folks sit?10:49 Wield and the regulated app12:17 Practical openness and the $10 portfolio13:34 Where to find BenSharp riffs, big ideas and real insights from smart people, all in under 15 minutes. Hosted by early-stage investor Pete Townsend with the people rebuilding money, markets, and the internet from the ground up.moneyneversleeps.ieLinkedIn: https://www.linkedin.com/in/petetownsendnv/X: https://x.com/PeteTownsendNVInstagram: https://www.instagram.com/petetownsend353/Email: info@norioventures.com