Working Money 💰

⚠️❗ JUST ONE DAY AFTER THE DTCC TOKENIZATION SERVICE WENT LIVE, DTCC DIGITAL’S COLLATERAL PATENT APPLICATION BECAME PUBLIC — AND IT CITES THE PATENT BEHIND THE 2020 STELLAR–RIPPLE DIAGRAM FOR THE SECOND TIME❗⚠️ Collage includes excerpts from all 3 of Dan Doney's patents📑🤝🏻 🌊📑 One day after the DTCC Tokenization Service went live, I found a newly published DTCC Digital patent application with a familiar number in it. If you follow XRP and XLM, you’ll probably recognise the diagram. What caught my eye was why the inventors referred back to it. 👇🏻 🔴 2020 — Figure 7 in Securrency’s application illustrates a transfer from a user on Stellar to a user on the Ripple ledger. In 2021, that application became U.S. Patent 11,038,718. That’s the number highlighted in orange at the top of the collage. 🔵 2025 — Look at Figure 17. The same Stellar-to-Ripple route appears again in Dan Doney’s DTCC Digital application, filed in November 2024 and published on 6 March 2025. 🟢 28–29 October 2026 — On the 28th, DTC launched the DTCC Tokenization Service. On the 29th, a separate DTCC Digital application became public: Platform and Data Structure for Collateral Mobility, filed by Dan Doney and Joseph Spiro back in January. 👀 Now look at the orange highlight in the bottom row. In the paragraph explaining how a collateral transaction can span different networks, Doney and Spiro explicitly cite 11,038,718 and incorporate it by reference. The dates caught my attention. That citation is what connects the documents. Why does that matter to the cross-border payments debate? Imagine a bank already holds a Treasury that it can pledge against a derivatives position. Its immediate problem is getting that Treasury to the right party, on the right ledger, before the margin deadline. Claim 15 describes tokenising a collateral asset. Figure 2 links the asset pool to exchange-traded derivatives. That gives us a concrete reason to revisit the old diagram. The same ability to move value across ledgers could also help an institution put an asset it already holds to work. 🌊 Remember Jazzi Cooper calling XRP as collateral for institutional credit a “killer use case”? That raises a separate question about what institutions might pledge. Whether DTCC would accept XRP or XLM as collateral remains open. 🟡 Yellow Network gives us another reason to look beyond payments. Yellow describes state channels where a trader can post collateral once, use it to secure a series of trades, then settle the net result. And look at who backed that idea. Chris Larsen led Yellow’s $10 million seed round, and Yellow’s own white paper lists him as an adviser. Before Ripple, he co-founded E-LOAN and Prosper. For a project working on credit and trading infrastructure, having someone who has actually built lending businesses in its corner carries weight with me. 📑 "2020 · Figure 7" (patents.google.com/patent/US…) | "2025 · Figure 17" (patents.google.com/patent/US…) | "28 October · DTCC launch" (dtcc.com/press-releases/2026…) | "29 October · Collateral application" (patents.justia.com/patent/20…) | "Yellow · Adviser listing, p. 14" (docs.yellow.org/assets/YELLO…) | "Yellow · Seed round" (yellow.com/news/ripples-chri…) Not financial advice. Do your own research. 🔎 🤝 I found the filing, but it was talking things through with my friend @wolfstorm16 that got me asking whether collateral was the bigger story. That’s what I value about this research community. You can find a document on your own and still owe a friend credit for helping you see why one paragraph matters. Give @wolfstorm16 a follow — one of the most underrated research accounts on X, in my opinion. Thank you, my friend. 🌊 #ripple #stellar #DTCC

‼️NEW: NOVEMBER 2026 DUBAI TOKENIZATION REPORT FEATURING RIPPLE AND BLACKROCK‼️ Documented.📝👇

🚨SCOOP: House Democrats are discussing plans to expand the Crypto Investor and Consumer Bill of Rights, @RepMaxineWaters’ amendment to the Clarity Act in 2025, into a broader crypto “market structure” bill next Congress. The proposal would fold in Democratic Clarity Act provisions originally offered by Waters in the House (which were not adopted), as well as provisions Senate Democrats were able to agree to with Republicans before the September cloture vote, according to three industry sources who have spoken with Democratic staffers. Some of the proposals under discussion are said to include giving the @SECGov more of a role in supervising the crypto markets, and a more limited role for the @CFTC. Additionally, it’s likely that further ethics provisions will be offered to restrict the crypto activities of President Trump and other federal officials. Republicans are calling this a “messaging bill.”

11/4 Ripple Riddler & JD Vance seem to have the same idea. What’s going on at PLATFORM 9 ¾ Do you remember what this was for in the movie? You get on the train by going through the wall like a portal.