Helping Sony Bank & Institutions to Launch Stablecoins! | Nass Eddequiouaq

**Nass Eddequiouaq** (0:00)
I have a question for you. Do you know when, for example, let's say that you're on Bank of America or some other bank, do you know what the composition of your balance is today? What is literally held at the bank? What is actually landed? What is physical cash versus digital cash?

**Tony Edward** (0:15)
I have no idea.

**Nass Eddequiouaq** (0:17)
And that should be the case. No one should know. In the future, you're gonna have some of that that is gonna be tokenized deposits. Some of it is gonna be stable coins. And I think that no one should know, and that's for the better. I'm a proud technologist, but the moment you're starting the technology as the end and not the mean to an end, I think that you've lost. And I hope we win by just hiding it entirely.

**Tony Edward** (0:44)
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**Nass Eddequiouaq** (2:18)
Thank you so much for having me. It's a pleasure.

**Tony Edward** (2:20)
Yeah, Nass. I am so excited to chat with you because Bastion is doing some amazing things in helping different companies and enterprises around the world to launch stablecoins. But I would love to start with your background. Tell us about where you grew up and how did you end up in crypto and all that stuff?

**Nass Eddequiouaq** (2:35)
It feels like a gazillion years ago, especially like everything in crypto is dog years. I'm originally from France. I've been always focused on security engineering. Back in school, a lot of operating system security, a lot of capture the flag hacking competitions. Always was a big fan of it. And then left school to join Apple in the security team, actually working on a lot of key management related problems. I was part of the trusted execution environment team, which is very similar to the set of problems that really custodians and wallet and key management solutions are solving in the crypto space. And everything in crypto and blockchains is about trust management, right? And so, that has always been a big, big focus of mine. So, decided to leave France for the US.
Then I joined Docker, which is anyone deploying applications these days. Well, not too sure with AI, but anyone with some view of the granular infrastructure will know Docker as the main container technology. I was part of the security team. I actually worked with Nathan McCauley and Yogo Monika, who actually left Docker to start Anchorage. So I joined Anchorage pretty early, I think like in Blu-ray number 10 or 11, and was essentially focused on all things, key management, building the core key management and HSM infrastructure for what would end up being the first OCC chartered digital asset bank in the US. So it was really interesting, kind of focusing a lot of bringing the maturity into the digital asset space and crypto by helping institutions and venture firms and kind of institutional capital flow into the space.

**Tony Edward** (4:46)
Right.

**Nass Eddequiouaq** (4:46)
Right. That was kind of like the first wave. If for an industry to mature, you need for institutional capital to come into it.