# The Biggest Crypto Narratives of '26:RWA, Governance & Long Term Capital | Felipe Gallino, CoinDepo ## Метаданные - **Канал:** DataDash - **YouTube:** https://www.youtube.com/watch?v=0q6kDYfnDaw ## Содержание ### [0:00](https://www.youtube.com/watch?v=0q6kDYfnDaw) Segment 1 (00:00 - 05:00) Today I'm joined by Felipe from Coin Depot who has worked with industry leaders such as Crypto. com, Bybit, Bitgget, and Owanda, and brings direct experience on boarding institutional and high-n networth capital. In this interview, we're going to break down the biggest crypto narratives here for 2026. Why RWA is more than just a buzzword, what real governance should look like, how AI actually impacts capital allocation, and how to separate long-term value from short-term hype. We also discuss Coin Depot's positioning, their token utility, liquidity, and their long-term vision for the next cycle. This is a highlevel conversation for serious investors. Let's get started. All right, so everybody, I have Felipe here from Coin Depot. How are you doing today, my friend? pretty good. How you doing, Paul? — I'm doing really well. Uh to kick things off, why don't you just give a brief description of your experience in the crypto space, a little bit about your background and what you do at Coin Depot. — Yeah. No, absolutely. My name is Felipe. I've been in crypto for over 10 years now. So, I work with a lot of exchanges, um different, you know, service provider. I used to work with crypto. com by bit and uh yeah I'm an institutional advisor at coin depot and I'm so excited to have this conversation with you today. — Uh and from your perspective I'd love to know what fundamentally is changing right now for crypto. — Now what I see fundamentally changing in 2026 I see a lot of more institutional players coming into the space. I le I see less and less retail clients. I also see a change in the narrative. Uh so in previous cycles we had like memecoins, we had DeFi, uh we had NFTs. In this cycle there's a much more uh discussions uh regarding like for example real world assets, AI and other topics. Uh I also see a lot of more regulation just to give you an example for example this year this implementation of Mika in Europe. There's VA for example in the in Dubai and the Middle East and also the US is defining its policy. So I think there's a lot of changes also regarding the you know regulation and I think that uh as point we're very well positioned to accommodate not only retail client but also institutional clients. So we're very excited about 2026. — You already mentioned a few of these uh in pretty much what we were just discussing a moment ago. But as far as you know, top crypto narratives for 2026, uh, in a macro view would go, if you had to name, you know, go more into detail, I guess, of the top crypto narratives for 2026, what would they be? You've already kind of ted on a few, I'm sure, but discuss that if you — Yeah, absolutely. So, the for 2026, I think the main three narratives that I can see is first of all, real world assets. So when we're talking about real world assets, we're not only talking about tokenization of real estate. We're also financial instruments such as stocks, shares, bonds, funds. uh we're also another narrative that is uh you know growing very fast is prediction markets and a great example I think is a poly market uh is you know growing exponentially uh and it's capturing a lot of market share and obviously we cannot say AI right AI is like everywhere it's affecting not only crypto but it's also affecting uh you know other industries so there's so many applications and we are so excited about you know what can to the industry. — Exactly. And the prediction market alone is uh the predict somebody made a really good point the other day and I just can't stop realizing it is that like the prediction market almost is is the new altcoin market right where actually like the retail investor and um where it just seems to be getting the most attention and where like money is going into. So it's an interesting one to get. — Absolutely. If you see today I open like for example Metamas and you can see like for example they offer racial markets coin crypto. com roll out within their exchange the prediction markets like it looks like it's a new place — everybody's going. — I got no clue how they even moderate some of those things where you know who who's out there making sure that the bet for what the weather is going to be like at 3 p. m. today is getting paid correctly. I guess there's AI that's going to go along with that. So, uh, yeah, incredible stuff. As far as going into the RWA narrative while we're here, uh, RWA is obviously the hu a huge topic, if not, you know, the aside from AI. And where does Coin Depot fit into that narrative as far as uh, you know, in the industry would go. — Yeah. So, as I mentioned before, it's a huge topic for 2026. We're super excited about it. uh it's and it's not only tokenization of as I said before not only real estate but we're talking about a huge number of you know financial instruments such as stock shares bonds and other financial ### [5:00](https://www.youtube.com/watch?v=0q6kDYfnDaw&t=300s) Segment 2 (05:00 - 10:00) uh instruments uh we are very well positioned we've been operating in the space for a long time I would say that around 20% of our portfolio is allocated to real world assets and uh tokenized uh financial instruments so we are super active in the space and I think one of the reasons why real world assets came back into the narrative obviously because the market is not doing great and uh you know real world assets and there at the end of the day they provide a predictable uh yield and there are a sustainable yield and I think in this market condition it's very important to offer this to institutional clients retail and I think that's one of the reasons why you know it's backing the narratives. Yeah, I didn't even think about some of the yield applications that come along with it as well, especially in the market that we're in now. If the market gets a little bit more bearish, which whether or not it's longterm or not, it's just always good to have that kind of option where you can actually build yield on times like that. — Absolutely. It's attached to something that is producing. So, it can be attached to a, you know, apartment building. you know a stock a shares that uh so that's uh I think that's great because it gives much more predictability stability and that's kind of our vision at coin depot so we want to be able to offer like stable returns to investors so — very smart I like it uh AI is another uh major topic that we have already brought up a couple times here as well you mentioned it for the 2026 narrative also uh AI is everywhere in crypto discussions how do you see AI realistically impacting finance. — I mean uh as said before AI is affecting every single industry that I don't see any industry as not affected by you know by AI. Uh I see a lot of applications so many applications. So in the short term I don't see AI replacing human being and you know I think it's a great tool for decision making optimizing you know the decision making process reducing human error. I think it's a great tool. We are very active uh testing different things in AI. I can give you some examples that we're using AI for. One is risk management. Then we have yeah risk management, fraud protection, onboarding, um user improving user experience, customer support obviously that's a as a big one. So yeah. Yeah, we are super excited and I don't see why companies shouldn't be using AI. I think it's a great tool not only for companies but also for users because at the end of the day it's about you know giving the best user experience. — Completely agree there. Uh and I think that it's AI is kind of being demonized right now to some degree. It's something that uh I think a lot of people are excited for but a lot more people are very fearful of it right where it's said to be taking a lot of jobs and all these things. And unfortunately it is but it's one of those things even to me I agree with you where it's like you kind of want it's not gonna stop. So it's like you want to find an optimistic view of that because just like the internet or just like any other huge evolution I'm sure in in time it's uh it has been for the better as far as you know being more productive and things like that it's going to generate new jobs to some degree. Uh and yeah I'm totally with you as well where it's just like I think that everybody should be using it and finding a way to and you don't have to be you know an expert with it. It's that there's so many tools that are just so user friendly and in another year or two it's just going to be as simple as the chat GBTs where you just prompt everything. You don't need to like physically make a code and you don't have to you just kind of tell it what you need and and just kind of op like you train it like a person almost, you know, and a week later you're you're spitting out just crazy results. And Felipe, in your opinion, uh in today's world, what signals uh do you personally look for to separate long-term value from short-term hype in crypto projects? Yeah. So mainly I look at three main things. So first the product, then the team and obviously the community. So obviously the product needs to solve a real issue. I mean sometimes we over complicate things in crypto. We try to create things that just because we like love technology. We think that everyone would use it, — right? So you know product is a very you know one of the first thing that I that I see the team obviously is very important because the team uh you know needs to have the experience the background uh and also be able to work in you know in environments and cycles because you know market can turn around. So it's very important that the team you know can deliver and it's uh you know it's experience and obviously community because uh you know if you don't have a community then at the end of the day you have you don't have users and if you don't have user you don't have revenue and it's very hard to you know sustain in uh you know a project that is not generating revenue. So it's community is also very important and this is I this is one of the reasons why I decided to join Coin Depot because at the end of the day it's like a platform that is super easy to use. You know there is a need everyone needs to lend ### [10:00](https://www.youtube.com/watch?v=0q6kDYfnDaw&t=600s) Segment 3 (10:00 - 15:00) and borrow money and uh yeah and also the team is amazing and uh very experienced with different backgrounds tech background financial background and it has a huge community as well. So we have a you know clients all over the world and uh you know a really a community that cares about what uh the platform is offering. Yeah, that's one thing in my history with the crypto market as well, but almost 10 years is like uh you know, you just you have to, you know, figure out who or what projects you can I don't want to even say trust necessarily, but what projects are going to potentially be around for the long term uh for that reason, right? Because some people are just putting out vaporware into the world with no real project behind it and everything. So, you know, Coin Depot obviously has a real team, real uh product behind it and it's been around here and looking forward to it. So uh yeah all uh all good things to hear from uh the project uh someone working with the project as well. So that's what we want to see and institutional capital uh is something that again what we were discussing uh in the beginning here looking at just what has changed fundamentally for the crypto space uh there's no doubt about it institutional capital is uh you know is here uh and probably driving the ship at this point. uh you all have you know high-end clients over here with Coin Depot as well. Uh in your you know observations here after onboarding institutional and high netw worth individuals uh what would you say are they actually looking for? — Yeah so they mainly looking at three main things. Uh one is you know capital protection and safety. Obviously they want to invest in a platform that they can trust and they can you know be it can be reliable. Second I would say the returns. So everyone invest because they want to generate a return and this returns needs to be also sustainable. So even uh I mean high netw worth individuals they don't want to make like a 100% in one week if they then they you know this these returns are not sustainable in the long run. So that's some something very important. Uh draw down obviously you know that's something that the investors look and obviously liquidity as well. So they want to be they want to have the flexibility to exit an investment or a position in a timely manner and not be you know locked in uh four years. And I think this these are the three things that we solve very well at Coin Depot. So clients can for example you know deposit and decide whether they want to lock their funds for three months, six months, one year. They can even be flexible. So they can even deposit and withdraw the next day. So it's a super you know flexible terms that we're offering and uh I think this is one of the reasons why high net worth individuals are really you know excited about our offering. — It's a good point to make too. I think that even with the institutions I think that a lot of people sometimes misunderstand that when they are investing it's not like it's just an immediate uh like some of the altcoins at times put on the balance sheet for certain institutions and I think people immediately see that and think like oh that would be that project's just going to shoot through the roof or this or that but realistically yeah like you said like institutions and high level high net worth individuals they're looking for the consistent few fewer percent gains or it doesn't have to be few but like you said just a consistent one you don't need that 50x and even if you do see that right way. Uh it's a little bit of a red flag to you versus, you know, trying to protect that capital. Uh whereas someone else may be looking for like a more retail investor that feedier return, I guess, if you want to call it that. To see high net worth individuals and institutions, hedge funds, uh and just, you know, big players in this come into the space is very exciting even just to me who's again just seen this industry grow same as you after 10 years now. So uh yeah, big stuff happening here. Filipe, let's discuss uh the Coin Depot token uh really quickly here, right? So, uh utility is a huge struggle for a lot of altcoins at this point. There is millions in the altcoin market essentially. Uh but let's discuss uh how many tokens are struggling to prove their real utility. How would you say that CoinO token is able to do that uh in the sea of millions compared to it? Yeah, actually that's one of the reasons why I love uh Coin Divo token is because it's designed around the platform and the users. So, uh users can get a real economic benefit by holding the token. Uh just to give you an example, for example, if you're borrowing money, uh and you're holding the token, then you can get reduced borrowing rates. Uh you know, very easy to understand. If you're lending money, so you're depositing, then you can get and you're a token holder, then you get a higher yield on your deposits. So this is a very simple concept and it's a great for clients and it has a real impact on their you know on their earnings or their cost. H apart from that to be apart from being a utility token uh it's also a governance token. So they can only also decide uh on ### [15:00](https://www.youtube.com/watch?v=0q6kDYfnDaw&t=900s) Segment 4 (15:00 - 20:00) different things uh within the platform such as the product road map, the number of assets that we're listing, marketing initiatives, charity programs, and there's so many things that you know that really they really care about. So it's it's a great token and uh there's a lot of utilities uh around it. Uh liquidity is also another you know major piece uh in the in any market in any asset class as well. Uh how does your experience actually help CoinO here as far as liquidity goes? — So first of all liquidity is crucial. Uh so there's a lot of other platforms that are giving like super high yield. But if you look and you read into the terms, it's always for a very short period of time or for example like it's uh very high on the first $500 or $1,000 and if you deposit more than that you get a lower yield. H I think this strategy is you know short-term strategy. Uh we have a different vision. My experience basically working with uh you know different professional traders, market maker, hedge funds is to bring more stability into the platform. So we're looking into more realistic uh yield and uh and that they can last for uh you know longer. So I think that's uh very important to distinguish what is a kind of a marketing incentives. We are not uh in that align with that strategy. We prefer to offer a you know sustainable returns. I think that's the key word. — Yeah. Okay. Excellent. And discussing yield at this level too, right? So institutional yield versus retail yield uh as far as risk goes. Uh how does institutional capital actually approach yield and risk in crypto today? And how is it different and from the common retail assumptions? I know you kind of just touched on a little bit, but how would you uh fully describe those two separately? — Absolutely. So the I would say the biggest difference is in their risk appetite. Ret retail clients are you know they expect huge returns and they're willing to higher risk. Institutional clients is completely a different ball game. First what they first care about is risk because uh most of the cases they also manage others people money. So it's very important like for example a fund right or the or a hedge fund or you know family offices. So they're managing others people money and it's very important that they you know they look into other things obviously risk is the most important one and is the main difference. They look at the counterparty risk legalities they look at how the you know the returns are in different cycles and they look obviously you know all the legal aspect of it. So it's I think it's very important this is you know for them the risk factor. So I would say that this is the main difference between uh retail clients and institutional clients. — I always love to hear you know um those both perspectives at the same time. And I think it's good for the viewers and the audience too just because um you know when you are one or the other. It's always I think a good thing to be aware of uh someone else that's you know doing the same thing as you looking for the same type of investments but coming at it with a different strategy. And I feel like that can help some people kind of become a little bit more patient and especially with someone who's looking for the quicker maybe just getting involved in something like this. It's a very different outlook when you look at a high netw worth individual uh going into the space and if you treat that you know even if you're not necessarily in that caliber if you treat yourself that way I feel like it is a very great uh investment plan or to try to at least have a version of that for yourself and then I think that that's a really good thing a good outlook to have. So, it's always interesting to talk to someone who works with both just to kind of get that outlook, right? You know, all in one kind of vision there. Speaking of vision, um where would you say that Coin right if assuming that looking at the next 5 10 years, maybe two more bull runs, bull cycles as you would say in crypto here, where would you say that Coin is going to be in the next market cycle? — The vision, our vision is to become the go-to platform, goto place for borrowing and lending. And uh I also like as a platform where that can accommodate not only retail clients but also institutional clients and they can all coexist within the platform. So that's our long-term vision. — Felipe, how you mentioned governance a bit ago. U many projects claim governance but few really deliver that real influence. So how would how should governance work in practice would you say? — So I think that governance in order to work uh like the decisions need to have a real economic impact. So for us it's very important to empower our users to decide make important decisions within the platform and this is product this is marketing this is the you know the assets that we're listing this is the charity programs uh and also strategic partnership that we're doing so I think uh that's a reason why we do really care about uh you know empowering ### [20:00](https://www.youtube.com/watch?v=0q6kDYfnDaw&t=1200s) Segment 5 (20:00 - 20:00) uh clients with our government's facility — all right everyone huge thank you here to Felipe from Coin Depot for coming and breaking all of this down today. Uh if you would like to learn more about Coin Depot, I'm going to have everything from their platform and all their uh resources as long with along with everything we discussed down in the description area below. Uh so definitely go check that out if you're interested. Felipe, again, I'd like to thank you uh for coming on so much. This was a really great discussion and I'm looking real forward to uh seeing Coin Depot evolve even more in the space as we, you know, progress through 2026 and into the next market cycle. It's my it's been my pleasure. Always good to have a chat with you. — Awesome. Thanks, Felipe. Uh everybody, uh be sure to have a great rest of your day. I'll see you all in the next video. Till then, everybody, cheers. --- *Источник: https://ekstraktznaniy.ru/video/35555*