Bob Diamond on how digitization is transforming capital markets

• Digitization of financial services, including perpetual futures and blockchain technology, is deepening capital markets by offering 24/7, instantaneous settlement at a fraction of the cost.
• The CFTC's approval of regulated perpetual futures in the U.S. is seen as a smart move, providing a better structure for trading and facilitating pre-IPO pricing for large listings like SpaceX.
• Blockchain technology offers auditable track records for every transaction, a key feature appreciated by regulators, and is driving a convergence of traditional finance and blockchain-based systems.

Bob Diamond discusses the transformative impact of digitization on capital markets, highlighting the role of platforms like Hyperliquid in enabling 24/7, instantaneous, and cost-efficient trading of real-world assets. He emphasizes the positive implications of U.S. regulatory approval for perpetual futures and blockchain technology in addressing legacy banking pain points, leading to deeper and more efficient markets.