Morgan Creek Blockchain Exec: Regulators Will Mandate Tokenized Equity
*By Jacqueline Corba*
The hedge fund Morgan Creek is betting on the power of blockchain to digitize company equity.
The fund's blockchain group is focused on converting traditional paper equity into tokens. This can create a more open free market for investors, and can help regulators, said Anthony Pompliano, a partner at Morgan Creek Blockchain Capital.
"The blockchain actually manages not only the equity or the capital stack but also all transactions with that equity," he said in an interview with Cheddar.
Morgan Creek Capital Management will invest $500 million in blockchain technology. The hedge fund [acquired Pompliano's Full Tilt Capital](https://www.bloomberg.com/news/articles/2018-03-27/morgan-creek-acquires-full-tilt-capital-for-blockchain-push) in March, two months after Full Tilt went all in on cryptocurrency.
"In the digital world what ends up happening is the protocol in which these transactions are happening has the rules written into them, so the rules are written in software and would not let me make a non compliant trade," Pompliano said. "We actually think that the regulators, at some point in the future, are going to mandate that every company in the world tokenizes their equity."
For the full interview, [click here](https://cheddar.com/videos/why-hedge-funds-are-betting-big-on-blockchain).
Martin Fischer, president of technology supplier for cars and commercial vehicles ZF North America, joined Cheddar to discuss the company's solutions for next-generation mobility in autonomous vehicles and its plans to usher in the next phase of electric vehicles. He also talked about the rising demand for self-driving technology on a global scale. "Whereas we are really active also there for passenger cars and commercial vehicles, what we showcase at CES now virtually is our autonomous shuttles," he said. "So, what that means is we bring these vehicles to busy city centers and can take traffic levels down."
Steve Patton, EY Americas Mobility Sector Leader, joins Cheddar News to discuss what can be done to speed up the adoption of EVs, and how infrastructure can be scaled up to support this transition.
Pfizer and BioNTech are working to develop an mRNA-based shingles vaccine following the success of the COVID-19 shot. This latest collaboration will mark the third time the pharmaceutical companies have worked together on a vaccine.
SGH, formerly known as Smart Global Holdings, reported Q1 earnings after the bell on Tuesday. The holdings company reported solid net sales, up a whopping 60 percent from the same period last year, marking its seventh consecutive quarter of year-over-year revenue growth. SGH also announced a two-for-one share split in the form of a share dividend of one ordinary share for every one ordinary share owned. Mark Adams, CEO, SGH and Former President, Micron, joined Wake Up with Cheddar to discuss.
LG announced its latest cooking appliances including its ThinQ Recipe service. The app allows people to choose from up to 10,000 recipes and have the ingredients delivered to their doorstep. LG Electronics executive Brandt Varner joins Cheddar News to talk about the products.
