Episode Summary: Robots, AI & Crypto - What’s Coming Will Blow Your Mind | Avery Ching

Podcast: The Wolf Of All Streets
Host: Scott Melker
Guest: Avery Ching, Co-founder and CEO of Aptos
Release Date: May 31, 2025

In this enlightening episode, Scott Melker engages in a deep conversation with Avery Ching, the visionary behind Aptos, exploring the transformative intersections of robotics, artificial intelligence (AI), and cryptocurrency. The discussion delves into how Aptos is poised to revolutionize the global financial landscape by leveraging cutting-edge technology to create a unified, efficient, and accessible financial ecosystem.

1. Aptos as the Global Trading Engine

Avery Ching outlines Aptos's mission to position itself as the global trading engine, capable of handling transactions at unprecedented speeds and scales.

• Scalability and Speed: Aptos boasts payment finality times under a hundredth of a cent and transaction speeds around 600 milliseconds, with plans to enhance these metrics further. Ching emphasizes, “the technology is finally there” [00:15].

• Unified Global Market: Unlike traditional, disparate stock exchanges, Aptos aims to create a single global market accessible to everyone worldwide. This integration facilitates composability and interoperability, enabling complex financial operations like taking out loans, trading, and executing multi-step transactions seamlessly on the blockchain [00:19].

2. Transitioning to On-Chain Assets

The conversation shifts to the gradual tokenization of assets, enabling a smooth transition from traditional off-chain assets to on-chain representations.

• Incremental Tokenization: Ching explains that tokenization won’t occur overnight but will happen piecemeal, akin to how ETFs have made assets like Bitcoin more accessible [02:18]. This approach will lead to a future where IPOs, private credit, and private equity are also conducted on-chain.

• Global Accessibility: Scott Melker highlights the restrictive nature of current markets, noting that most people worldwide cannot access U.S. stocks like Tesla [03:08]. Aptos aims to democratize access, enabling a broader population to participate in global financial systems.

3. Partnerships with Financial Institutions

Aptos is forging strong relationships with some of the world's leading financial institutions, signaling a shift in the traditional financial paradigm.

• Adoption by Major Players: Institutions such as BlackRock, Franklin Templeton, and Apollo are already issuing tokenized money market funds on Aptos [05:46]. This trend indicates a growing acceptance and integration of blockchain technology within established financial systems.

• Stablecoins Growth: The episode discusses the substantial growth of stablecoins, with over $1.1 billion in stablecoins like USDT, USDE, and USDC operating on Aptos [05:46]. Ching suggests that the adoption of stablecoins by large institutions will continue to surge, further cementing Aptos's role as foundational infrastructure [08:49].

4. Technological Innovations: Introducing Raptor

A key technological advancement discussed is Raptor, Aptos's latest consensus-based technology designed to enhance transaction throughput and finality.

• Breakthrough in Consensus Technology: Raptor supports over 250,000 transactions with a finality time of 750 milliseconds [11:45]. Ching envisions this technology scaling up to handle millions of transactions per second, positioning blockchain as a superior alternative to traditional payment rails.

5. AI and Blockchain Integration

The dialogue explores the synergistic relationship between AI and blockchain, particularly in the context of automated transactions and economic interactions.

• Automated Portfolio Management: Ching anticipates a future where AI-driven bots manage and rebalance portfolios instantaneously, responding to market changes in real-time [16:02].

• Robotic Transactions: Referencing a conversation with Paolo Ardoino of Tether and Binance, Ching foresees a world where billions of AI-powered robots transact autonomously, necessitating the immense scalability that blockchain offers [15:26].

6. Regulatory Environment and Future Outlook

Navigating the regulatory landscape is crucial for the widespread adoption of blockchain technologies.

• Evolving Legislation: Ching is optimistic about the current regulatory momentum, citing the passage of bills related to stablecoins and market structures. He believes that government acceptance and supportive regulation will accelerate blockchain adoption globally [08:14].

• Global Collaboration: The discussion highlights the importance of international cooperation in regulating and integrating blockchain technologies, ensuring that advancements like Aptos can thrive without undue hindrance [18:22].

7. The Future of Financial Systems

Concluding the episode, Avery Ching paints a visionary picture of the future financial ecosystem.

• Unified Financial Infrastructure: Aptos aims to consolidate various financial systems into a global liquidity hub, enhancing efficiency and accessibility for users worldwide [11:06].

• Customer-Centric Innovations: The future will see financial services tailored to individual needs, such as crypto wallets earning yield automatically and facilitating seamless transactions across multiple platforms without added latency [07:56].

• Decentralization as a Trust Solution: Ching asserts that decentralized infrastructures like blockchain are essential for building trust in a world-based financial system, overcoming the limitations of centralized traditional systems [17:40].

Notable Quotes:

• “the technology is finally there” – Avery Ching [00:15]
• “We’re going to see a massive expansion of stables coming in the coming years” – Avery Ching [09:17]
• “the technology has caught up to it, having a permissionless system with great technology” – Avery Ching [04:25]
• “the whole world's financial economy can work on technology like that” – Avery Ching [11:45]

This episode provides a comprehensive overview of how Aptos is at the forefront of integrating blockchain technology with global finance, AI, and robotics. Avery Ching's insights reveal a future where financial systems are more interconnected, efficient, and accessible, breaking down the barriers that have long restricted global participation in economic activities.