This episode of CoinDesk's Public Keys at the NYSE features three conversations with the most closely watched voices in crypto's institutional moment. ProCap Financial founder Anthony Pompliano argues that 75% of crypto companies "aren't going to be here in five years," and lays out the four areas he believes will survive — Bitcoin, equity infrastructure, stablecoins, and tokenization. Angus Fletcher, Head of Digital Assets at State Street, breaks down how the $30 trillion-plus custody bank is building the bridge between traditional finance and tokenized markets, including a new tokenized fund service launching from Luxembourg by the end of 2026. Plus, SharpLink CEO Joseph Chalom on the publicly traded Ethereum treasury company's 46% institutional ownership, why permanent ETH capital is reshaping on-chain finance, and why he believes ETH's risk/reward "has never been better."

Timecodes:

00:00 Welcome to Public Keys at NYSE

00:14 Pomp on 75% of Crypto Being "Dead and Never Coming Back"

02:30 The Four Survivors: Bitcoin, Infrastructure, Stablecoins, Tokenization

04:30 Ghost Chains and Why Crypto Needs to Grow Up

05:30 BlackRock Is Now a Bitcoin Company

09:00 Pomp on Prediction Markets and ETFs as "Biggest New Category"

12:30 State Street's Angus Fletcher Joins

14:30 Why Traditional and Digital Will Run Together

17:00 Regulatory Clarity as a Stamp of Approval

18:30 State Street Picks Luxembourg for Tokenized Funds

20:30 SharpLink CEO Joseph Chalom on Ethereum as Infrastructure

23:30 Permanent ETH Capital and Institutional Standards

26:30 Why Stablecoins Will Outpace Bitcoin Payments

31:00 Chalom: ETH Risk/Reward "Never Been Better"

This episode was hosted by Jennifer Sanasie.