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).
Matt Hougan, CIO at Bitwise Asset Management, joins Cheddar News' Closing Bell, where he explains what we're learning about cryptocurrencies during the Russian invasion of Ukraine and says that there's not a simple, clean narrative that can be reached.
Shared EV service Revel raised $126 million in a Series B round. Revel first came on the map in 2018 with its shared electric moped service in New York City, which has since expanded to other cities on the east coast. The company also operates an all-Tesla ride-hailing service in Manhattan.
Now, it is looking to expand its network of EV fast-charging stations, which the company calls super-hubs. Frank Reig, CEO of Revel, joins Cheddar News' Closing Bell to discuss.
There will soon be another, lower-cost subscription option for Disney+ — but with commercials. Disney will launch the new ad-supported tier for its streaming service in the U.S. later this year and internationally in 2023, but so far there is no word on an exact launch date or price for the new service option. Tal Chalozin, co-founder and CTO of online ad tech company Innovid, joined Cheddar News' Closing Bell to discuss what the news could mean for the next chapter of the streaming wars. "I wouldn't say that are worried about subscriber growth, but they have big goals to fill," he said. "They need to go to the mid-market or the longer tail. An ad model, always proven that that that's the way to go to mass market in television."
Steve Blank, adjunct professor at Stanford University and founding faculty at Gordian Knot Center for National Security Innovation, joins Cheddar News to discuss technology's role in modern war.
Katie Hotze, Founder and CEO of Grocery Shopii, joins ChedHER to discuss how she's creating a platform that allows for personalized meal planning and recipes into a grocer's eCommerce platform, and her learnings from one of her very well known investors: Lance Bass.
Independent artists were caught off-guard and the Epic acquisition of Bandcamp quickly sparked fears it could ruin what many saw as their last best hope of getting paid online for their work.
Trying to meet people online has become a predictable routine. Now, one app is switching it up by allowing users to swipe right on plans and outings rather than faces. Pitch Social co-founders Daniel Antonio and Ryan Snowden joins Between Bells to talk about their app.
