We have to make payroll from our C corp to Singapore office which takes ~3 business days, which is a very manual process today and costs ($50) money today too. here's how tokenized deposits helps even a small startup like Allium: 🤑Tokenized deposits pay interest ⚡️Settlement is 24/7 and instant 🆓Low or no txn costs ⌨️Programmability read more in the substack below👇

How tokenized deposits unlock capital efficiency for even a small startup like Allium Tokenized deposits pay interest → On a $1M working capital, this would net us ~$40k/year (assuming 4% rates)!! Imagine companies that operate at a huge scale Settlement is 24/7 and instant → We worry less about money not getting there in time, and we also need less buffer of cash sitting idle. Low or no transaction costs → Global wires can cost $50 or more, it’s near free per transaction. Programmability → We can set up automated conditions/rules to optimize working capital, saving (>0.5x FTE headcount) manual hours spent monitoring account balances and making payments / transfers.

read the full article on substack:

we also go through a lil history on the Free Banking era