In the latest episode of the Dinis Guarda Podcast, Baylor Myers, Vice President for Corporate Development at BitGo, explores the intersection of AI, blockchain, and digital assets and highlights BitGo’s innovation in tokenisation and stablecoin infrastructure. The podcast is powered by Businessabc.net, Citiesabc.com, Wisdomia.ai, and Sportsabc.org.
Baylor Myers is the Vice President for Corporate Development at BitGo, a leading company that provides digital asset solutions like custody, wallets, trading, and financing, secures 8% of all on-chain Bitcoin transactions and serves over 1,500 clients in 50 countries.
Baylor played a key role in securing BitGo’s $100 million Series C funding round, raising the company’s valuation to $1.75 billion. Before joining BitGo, Baylor worked as Deputy Chief of Staff to U.S. Treasury Secretary Steven Mnuchin, where he helped manage key initiatives, including the Tax Cuts and Jobs Act and the CARES Act, a $2.2 trillion economic stimulus bill.
During the interview, Baylor Myers discusses the exciting potential of combining AI, blockchain, and crypto:
“We’ve watched AI just absolutely explode just during my four-year tenure at Bitco and it’s changing the way that we all live, you know, on a day-to-day basis.
Right now, I use it daily at work. We’re integrating it deep within our company’s operational functions. We’re finding tremendous efficiencies from using it.
When you think about the blockchain and the way that crypto has facilitated gaming, especially with professional gaming or just, you know, you could go an entirely different route and look at it like corporate benefit programs, whether it’s airline miles, hotel points, everything else. All of that could be tokenised. All of that could move into digital assets.
And then you think about the way the blockchain will be able to support further innovations in AI, and it all weaves together in a way that you know we’ll probably have a better understanding in about a year, but we’re excited about it and we intend to participate in it.”
How BitGo is shaping the future of digital asset custody
Baylor Myers discusses BitGo, its evolution, and its pivotal role in the crypto ecosystem:
BitGo is one of the original crypto companies. It was founded by Mike Belshi in 2013 after he had finished up at Google. In many ways, as I just mentioned, his career charts sort of the development of the internet.
I think for founders in those early days of the Bitcoin white paper, it seemed clear that finance was maybe the last industry to truly be disrupted by technology, and it was sorely needed when you think about just the hours of operation of markets. It’s not consistent with the way that we live in a digital world.
Mike started the company in 2013. It was one of the original wallet platforms, and that’s the core foundation of our business still today. It grew into a custodian. So that was a natural progression. We did not take the exchange route. So we became custodians.
We have significant assets under custody right now in the tens of billions at various points, depending on prevailing asset prices, over a hundred billion in assets on our platform.
We have moved from there to the next product line, which is institutional trading and lending. We’re an entirely institutionally focused business, which is why some retail investors may not have heard of BitGo but if you are a financial institution, whether that’s a fund, a family office, an exchange, anyone who’s moving serious amounts of capital in digital assets, you’ve probably heard of BitGo.
It’s the safest place to store them, bar none. We’ve never had a hack. We’ve never had a major incident. We’re 100% cold storage. It is as secure as it gets.
We see the future of the business in staking stablecoins. We have a new product vertical called stablecoin as a service, where entities that want to build a stablecoin can contract with Bitcoin on our infrastructure rails, and we see institutional trading and lending as well as a big future growth sector for the company.
We were very happy to complete the series C, and we were thankful to our partners. As I mentioned, Brinks participated, and in the period after closing the series C, we were able to complete two acquisitions of our own, which have enhanced our product suite.”
Baylor Myers talks about the future of BitGo and its positioning:
“They’re going to continue to keep us strategically positioned to meet demand in the RAIA and RWA space here in the months and years to come.”
Digital assets and tokenisation
As the interview continues, Baylor Myers discusses the increasing importance of digital assets and tokenisation:
“You mentioned BlackRock, and I think a comment that has been much discussed among traditional finance and within our industry was from Larry Fink, essentially saying the future of finance is going to be tokenised. Everything will be tokenised. Equities, you know, stocks will be tokenised.
You’ll be able to ideally trade them whenever you want, like Bitcoin, which trades 247 365.
And I think from an equity standpoint, it seems relatively simple, right? You know, it’s just a natural digital innovation. You know it’s the technology that has been there to do this for sometime, you know, over a decade, perhaps two.
When you get into real estate I think that is sort of the next frontier that is under sort of R&D right now you know people are tinkering with how do you make this happen you know could you buy fractionalized tokens of a piece of property what you know a house or a hotel or an office building.
And we have acquired a company called Brassica, which is very focused on RWA, and we have their team in place and we’re ready to go. We’re continuing to have conversations with large financial institutions and with startups that are active in the space to see how it’s going to grow. I view RWA as probably more of a Q4 to Q1 26 sort of event. I don’t think it’s going to be immediate right now where we are, but we’re excited for it and we’re certainly ready to meet the demand.”
Stablecoin infrastructure for global finance
Baylor Myers discusses the significant role stablecoins play in the crypto ecosystem and the global financial system:
“We were very proud to be announced as the infrastructure provider for World Liberty Financial’s stablecoin USD1. Got a significant amount of press in late April, mainly because a wealth fund in the UAE is going to use USD1 to facilitate a $2 billion investment into Binance.
So just think about that. You have an investment, a corporate investment that’s being facilitated by a stablecoin. It’s much easier for them, right? They don’t have to go through a bank. Their fees are essentially zero. So it’s better for them. It’s good for us.
And I think all in all, the experience is much easier because the USD1 stable coin is backed one-to-one by US treasuries, which we facilitate, and we do all the minting and burning.
We have considered going our own route with the stablecoin, but we’re very happy with the current situation. We think competition is healthy, and we expect to see USD1, USDC, and USDT continue to compete, and there may be many more stable coins.
You know, there’s no reason why banks could not get involved in the game as well. They’re just going to have to give up some of their long-held precedents and start innovating.
And once you see transactions like USD1, MGX, and Binance, you have to think, if you’re a traditional bank, are you really going to lose all this business because of this innovative technology? Are you going to get in on the game?
And there are a bunch of other ways that stablecoins could be used in areas that do not have easy access to banking services.
We’re excited about it. We have a whole new product vertical called stablecoin as a service that I think I mentioned earlier, where entities can basically onboard with BitGo and we can help you build your stablecoin. So we’re looking forward to the continued growth in that space, and we’re very excited about it. We’re strong believers in it.”
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