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The $100 Billion Bet on Stablecoin Banking: Raagulan Pathy’s Vision for KAST
In this episode of When Shift Happens, I sit down with Raagulan Pathy, founder and CEO of KAST, to discuss the crypto opportunity he left Circle to pursue, why building a stablecoin neobank is far harder than launching a card, and why KAST replaced its planned token with tokenized equity. We also confront a question every fintech customer should ask: what happens to your money if the company holding it collapses? The Opportunity Beyond Crypto Speculation Raags’s thesis begins

Kevin Follonier
Jul 294 min read


Armani Ferrante on Building Through Collapse, Market Structure, and Crypto’s Real Inflection Point
In this episode of When Shift Happens , I sit down with Armani Ferrante to discuss what it really means to build in crypto when everything falls apart. From losing nearly his company’s entire balance sheet in the collapse of FTX, to rebuilding Backpack into a regulated global exchange, Armani explores identity under pressure, the philosophical foundations of crypto, and the structural shift happening as blockchain technology begins to merge with traditional finance. The Quest

Kevin Follonier
Apr 84 min read
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