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So what Project Acacia

2
00:00:01,060 --> 00:00:02,290
coming back to the

3
00:00:02,140 --> 00:00:03,170
opportunity was,

4
00:00:03,280 --> 00:00:04,540
we could show,

5
00:00:04,390 --> 00:00:06,040
via Tokeniser,

6
00:00:05,890 --> 00:00:07,130
essentially, hey,

7
00:00:07,140 --> 00:00:08,310
a subscription goes from

8
00:00:08,160 --> 00:00:09,090
a multi-day,

9
00:00:09,100 --> 00:00:10,150
multi-step process

10
00:00:10,000 --> 00:00:11,210
that's paper-based where

11
00:00:11,060 --> 00:00:13,090
you essentially have to

12
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send the funds cash and

13
00:00:15,020 --> 00:00:17,370
hope and wait for the

14
00:00:17,220 --> 00:00:18,190
fund to eventually

15
00:00:18,040 --> 00:00:19,170
receive that cash,

16
00:00:19,400 --> 00:00:20,870
confirm that payment and

17
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then issue those units.

18
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And those units are

19
00:00:23,060 --> 00:00:24,270
issued normally on a

20
00:00:24,120 --> 00:00:24,630
spreadsheet.

21
00:00:24,610 --> 00:00:25,920
So with Acacia,

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00:00:26,090 --> 00:00:27,060
what that meant was the

23
00:00:26,910 --> 00:00:29,280
investor could have AUDM

24
00:00:29,290 --> 00:00:29,980
stablecoin,

25
00:00:30,850 --> 00:00:32,600
agree to subscribe to

26
00:00:32,450 --> 00:00:33,800
the fund and purchase

27
00:00:33,650 --> 00:00:34,640
those units at a set

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00:00:34,490 --> 00:00:35,900
price. And as soon as

29
00:00:35,750 --> 00:00:36,720
they agreed to that,

30
00:00:36,690 --> 00:00:37,840
immediately those funds

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00:00:37,690 --> 00:00:38,720
and those units would

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swap. So essentially

33
00:00:39,750 --> 00:00:41,180
they, in real time,

34
00:00:41,030 --> 00:00:42,240
as soon as they made

35
00:00:42,090 --> 00:00:42,840
that payment,

36
00:00:42,690 --> 00:00:44,320
got those units issued

37
00:00:44,170 --> 00:00:45,380
to them and through the

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00:00:45,230 --> 00:00:46,240
platform, they could see

39
00:00:46,090 --> 00:00:47,260
it, they could go down

40
00:00:47,110 --> 00:00:48,020
the block explorer,

41
00:00:47,870 --> 00:00:48,960
see that transaction.

42
00:00:48,810 --> 00:00:50,920
Fantastic. Instantaneous

43
00:00:50,770 --> 00:00:52,400
versus multi-day,

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00:00:52,250 --> 00:00:53,020
multi-week.