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GM. This is Milk Road, where the only thing to fear is missing out on today's edition.

Here’s what we’re serving up:

SAY HELLO TO TOKENIZED GOLD 👀

HSBC is one of the largest banks in the world. In fact, it has more total assets (~$3T) than any other European bank. #bigballer

Well, HSBC just made a big move… it’s tokenizing gold.

Why this matters: Tokenized gold has quietly grown into a ~$1.1B market.

While HSBC isn’t the first bank to jump into the space… it’s the biggest.

And as more well-known names enter the space, more people will get comfortable experimenting with tokenized gold and other real-world assets (RWA’s).

It’s still early, but it’s a trend everyone should keep their eyes on.

P.S. - yesterday we asked you which topic we should dive into next, and the majority of you voted…RWA’s. (perfect timing)

Ask and you shall receive.

We’ll be diving deeper into RWA’s in a special edition next week, so keep an eye out on those inboxes!

TAKE ON CRYPTO RESPONSIBLY

Businesses that have stuck through this bear market must be in crypto for the long term.

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Bakkt builds crypto solutions for long-term growth.

Here’s what they offer:

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AC MILAN IS TOKENIZING ITS FIELD ⚽️

Everyone and their momma is launching a crypto project…

The problem? Not everyone is doing something interesting.

Well, yesterday I found something that was. And it just so happens to include 2 of my favorite things:

1/ NFTs

2/ Fútbol (we don’t call it “soccer” under this roof)

Check it out…AC Milan is tokenizing their field.

Here’s a quick visual:

Milk Road Take: This is pretty cool.

It isn’t the first time we’ve seen this either…the Australian Open is doing something similar by tying NFTs to plots of land on their tennis courts.

It’s been pretty successful so far:

It’s been a win-win for everyone.

We’ll see if AC Milan and its fans see the same success.

A BILLIONAIRE ANSWERS WHY HE’S STILL BULLISH ON NFTS 🤔

Mark Cuban is:

In other words, the guy is a f*cking boss.

Well, check it out, Mark was recently interviewed on WIRED. They do those interviews where they ask a famous person super random questions.

One second, it’s a question about their favorite meal….

The next second, it’s a question about whether they’d want to battle…

a) 1 gorilla-sized duck or

b) 10 duck-sized gorillas

(I’m picking A. Hit “reply” to this email and let us know what you’d pick!)

Anyways, back to Mark Cuban’s interview. He was asked about NFTs.

The question: “Everyone is losing money in NFTs, why are you still here?”

His response is pretty epic. It’s short, sweet, and only lasts about 80 seconds.

Check out the video below.

BITE-SIZED COOKIES 🍪

ArDrive brings the power of blockchain to data storage. Decentralized, immutable, private, and pay as you go. Your keys, your data.*

The SEC charged crypto firm SafeMoon, its founder, and executives for an alleged $200 million fraud. According to the SEC complaint, SafeMoon and its leaders falsely promised investors they would safely lock liquidity pool funds, but instead stole millions to fund lavish lifestyles.

PayPal successfully registered with the UK’s Financial Conduct Authority (FCA) as a crypto service provider. The status permits PayPal to engage in “certain cryptoasset activities” under the FCA’s anti-money laundering rules.

FTX’s bankruptcy estate has transferred close to $127.5 million of digital assets over the past few days. The assets include ETH, SOL, and a few other altcoins.

Adidas is teaming up with Bugatti to auction a limited number of “phygital” soccer shoes. There will be 99 physical shoes with Bugatti-themed designs, and each one will have a digital twin.

Coinbase’s crypto futures trading is now eligible to retail U.S. customers. U.S. degens 🤝 futures trading.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.