sat down with Chan, founder of Tessera Labs, to explore how they are tearing down the walls around private equity investing. Chan spent over a decade at Goldman Sachs, JP Morgan, and Credit Suisse before doing a PhD in computational finance at Imperial College London. He saw first hand that the best returns in private markets were locked behind accreditation requirements, massive minimum tickets, and years of illiquidity. Tessera is his answer to that. We talk about how they tokenized SpaceX participation rights on Solana, why they chose Chainlink for proof of reserve, how $75 million in trading volume happened in just a few months, and what their next product T-Kalshi means for everyday investors who want exposure to one of the hottest prediction market companies in the US right now. We also get into the legal architecture behind the Cayman SPC structure, why no KYC is intentional and not an oversight, the challenges of building in a regulatory gray zone, and what Chan would tell any founder building in the RWA space today. Nothing mentioned in this podcast is investment advice and please do your own research. It would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend. Be a guest on the podcast or contact us - https://www.web3pod.xyz/

--- CONNECT ---

Tessera Website: https://tessera.pe

Twitter/X: https://twitter.com/tesseralabs

Web3 with Sam Kamani: https://www.web3pod.xyz/

--- KEY POINTS WITH TIMESTAMPS ---

• [00:00] Sam introduces Chan from Tessera Labs and the goal of disrupting the multi-trillion dollar private equity market

• [01:03] Chan shares his background across Goldman Sachs, JP Morgan, and Credit Suisse plus his PhD in computational finance at Imperial College

• [02:28] The three interlocking problems Tessera solves: access, liquidity, and transparency in private equity

• [04:25] A step-by-step walkthrough of how an investor gets exposure to Kalshi private shares through tessera.pe with no KYC and no minimum

• [06:34] Why Kalshi's US regulatory access gave it a major revenue advantage over Polymarket

• [08:13] Four advantages of tokenized private equity over traditional VC and PE funds including $75 million in T-SpaceX trading volume

• [11:13] The two early user groups: crypto-native retail investors and trade professionals in Asia and MENA

• [12:34] The hardest parts of bringing real world assets on chain: legal structure, Oracle design, and MPC custody

• [14:31] How Tessera uses Chainlink proof of reserve, Cayman SPC legal isolation, and Fireblocks MPC to build trust

• [16:29] Why Tessera chose Solana over Ethereum, BASE, and Arbitrum including Token 22 transfer hooks

• [18:56] Advice for RWA founders: design for retail-native access first, get legal architecture right before product, and choose your Oracle carefully

• [21:53] What Chan would do differently if starting Tessera Labs again today

• [24:06] The biggest challenge ahead: navigating a regulatory landscape that recognises the space but has not yet legislated it

• [26:25] Plans for staking and using T-tokens as collateral for borrowing and lending yield

• [27:58] Why Tessera will stay focused on late-stage pre-IPO names for now and the opportunity around IPO lockup periods

• [30:12] Chan's three asks: users to try tessera.pe, secondary liquidity partners to get in touch, and strategic investors who share the vision

I sat down with Hudson Jameson, Head of Ecosystem at CertiK, to talk about the future of blockchain security. We covered everything from his early days mining Bitcoin in his dorm room to coordinating Ethereum upgrades and now leading ecosystem growth at the world's largest blockchain security audit firm. Hudson dropped an exclusive announcement about CertiK's upcoming AI Auditor tool that could change how developers approach smart contract security. We also discussed why institutional adoption feels boring, what makes great developer communities, and why he thinks Arbitrum is doing things right. If you're building in Web3 or just curious about where this space is headed, this conversation is packed with insights you won't want to miss.

--- CONNECT ---

CertiK Website: https://www.certik.com

CertiK Twitter: https://x.com/CertiK

--- KEY POINTS WITH TIMESTAMPS ---

• [01:06] Hudson's origin story mining Bitcoin in college and falling down the Ethereum rabbit hole

• [02:15] What makes CertiK different - focusing on small builders and first-time developers, not just high-profile clients

• [05:07] EXCLUSIVE: CertiK announces AI Auditor tool for automated code security scanning

• [08:02] Lessons from coordinating Ethereum upgrades and building governance frameworks from 2016-2021

• [09:45] Why Arbitrum is winning the L2 wars with strong governance and community focus

• [11:09] The tension between institutional adoption (boring but inevitable) and the original Web3 ethos

• [14:31] What great developer communities do differently - they don't take themselves too seriously

• [18:26] Practical security tips: 100% test coverage and documentation are non-negotiable

• [21:30] How decentralized blockchains handle security incidents without a pause button

• [24:34] The quantum computing debate - why experts can't agree on timeline or solutions

• [28:13] AI Auditor will focus on Web3 apps and smart contracts, making security accessible

• [29:50] What's next for Web3 - agents, agentic payments, and waiting for the third big thing after DeFi and NFTs

Disclaimer:

Nothing mentioned in this podcast is investment advice and please do your own research. It would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.

Be a guest on the podcast or contact us - https://www.web3pod.xyz/

I sat down with Oliver from CMT Digital to discuss what they look for in crypto founders before investing. We covered their unique approach as both a trading firm and VC, the intersection of AI and blockchain, why stablecoins will win for micropayments, and Oliver's contrarian take that crypto DApps will become invisible. CMT has been in crypto for nearly a decade and manages four funds focused on pre-seed to Series A investments. If you're building in stablecoins, agentic payments, tokenization, or crypto infrastructure, this episode is packed with insights on what VCs actually want to see.

Key Points with timestamps

• [00:00] Introduction to CMT Digital and Oliver's role

• [00:04:25] What sets CMT Digital apart from other Web3 VCs

• [00:06:00] CMT's three pillars: trading, private equity, and venture

• [00:10:34] CMT focuses on pre-seed to Series A stage investments

• [00:11:10] What outlier founders do differently when approaching VCs

• [00:13:33] The intersection of AI agents and blockchain payments

• [00:16:00] Why agents will use both credit cards and stablecoins

• [00:17:07] Micropayments use case: paying fractions of a cent with stablecoins

• [00:20:00] Sam breaks down the 6% cost of Stripe vs. <0.03% with stablecoins

• [00:22:08] Trends in stablecoin adoption and tokenization of real world assets

• [00:25:44] Using blockchains in boring but inefficient industries

• [00:26:55] Founder anxiety about the fast pace of AI and crypto

• [00:29:26] Why SaaS moats are distribution and network effects, not tech

• [00:32:00] How CMT uses AI internally for deal sourcing and analysis

• [00:36:16] Oliver's contrarian opinion: crypto DApps will become invisible

• [00:39:26] Not every project needs a token - when tokens make sense

Connect

CMT Digital Website: https://cmtdigital.com

https://x.com/CMT_Digital

https://www.linkedin.com/company/cmt-digital-ltd

Be a guest on the podcast or contact us -

https://www.web3pod.xyz/

Disclaimer

Nothing mentioned in this podcast is investment advice and please do your own research. It would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.