• Chad Cascarilla, CEO & co-founder of Paxos, being interviewed by Mark Yusko, CEO & chief investment officer of Morgan Creek Capital Management for RealVision on October 8, 2019 (screenshot).

    Financial markets similar to NYC sewers: Paxos CEO

    ‘How do you take the $600 trillion of assets, change essentially where they sit so that they can be moved around instantaneously by a much wider variety of people.’

    What’s the difference between the global financial markets and New York City’s sewer system? One is a filthy, chaotic mess of human waste unable to handle even the slightest increase in use without making everything stink while the other one is run by the New York City Department of Environmental Protection.