Raoul Pal welcomes Manuel Stotz, president of the TON Foundation, to discuss his journey from Goldman Sachs to TON, a blockchain built on Telegram's massive user base. Raoul and Manuel explore how TON aims to create a new digital financial ecosystem by leveraging Telegram’s distribution and targeting real-world use cases, such as remittances, gaming, and stablecoins. Recorded on June 3, 2025
📣 *This episode is brought to you by Figure, the platform to Earn and Borrow.* Need liquidity without selling your crypto? Figure offers Crypto-Backed Loans, allowing you to borrow against your Bitcoin or Ethereum with 3-month terms and no prepayment penalties. They have the lowest rates in the industry at 9.9%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto’s potential today. 👉 Visit https://figure.com/realvision to apply for a Crypto Backed Loan today! Figure Lending LLC dba Figure. Equal Opportunity Lender. NMLS 1717824. Terms and conditions apply. Visit figure.com for more information.
📣 *This episode is brought to you by Bitwise Asset Management*. Bitwise has been all-in on crypto since 2017 and has more than 20 crypto-based products to help investors get the access they need. Bitwise manages the world’s largest crypto index fund, one of the top Bitcoin ETFs, and one of the largest institutional Ethereum staking solutions. Bitwise has over $10 billion in assets under management and over 100 people in the US and Europe to help manage everything from ETFs to private alpha strategies to SMAs for large investors. 👉 *Check out Bitwise at https://bitwiseinvestments.com and let them know that Real Vision mentioned them*. Carefully consider the extreme risks associated with crypto before investing.
📣 *This show is sponsored by Ledn.* Ledn is the leading platform for Bitcoin-backed loans, offering
a secure and transparent way to unlock liquidity without selling your Bitcoin. Since 2018, Ledn has issued over $9 billion in loans and has never lost a single satoshi of client assets—setting the gold standard for responsible lending in the crypto space. Here’s what makes Ledn loans different:
✅ With Custodied loans, collateral is not lent out to generate interest.
✅ No credit checks
✅ Funds in less than 12 hours
✅ No monthly payments
✅ Repay whenever you want—with zero penalties
And, Ledn doesn’t just talk security—they prove it. Ledn offers Proof-of-Reserves reports,
verified by a top accounting firm, every six months. Whether you're covering expenses, investing, or simply holding for the long run, Ledn helps you make the most of your Bitcoin—without giving it up. 👉 Visit https://ledn.io to learn more.
👉 Take control of your data and keep your private life private by signing up for DeleteMe. Now, at a special discount for our listeners. Today, get 20% off your DeleteMe plan by texting VISION to 64000. The only way to get twenty percent off is to text VISION to 64000. That’s VISION to 64000. Message and data rates may apply.
📣 *This episode comes to you thanks to Arch Public:* It’s a hedge fund in your pocket. Built for retail traders, designed to outperform Wall Street. 👉 Download our FREE Bitcoin Algorithm right now at https://realvision.com/arch
📣 Today’s sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you’re a seasoned trader in the Futures arena or brand new, Plus500’s user-friendly trading platform offers you the advanced tools, market insights, and quick execution you’ve been looking for.
👉 Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss.
Unlock the potential to showcase your brand to our global audience. Contact us at
[email protected] for advertising inquiries.
Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf
Learn more about your ad choices. Visit podcastchoices.com/adchoices
