June 9, 2026, 8:46AM EDT Β· 45:03
Go to episodeIn episode 12 of The Big Brain Podcast, Larry and Namik are joined by David Mercer, CEO of LMAX Group. The conversation explores stablecoins, collateral mobility, tokenized securities, institutional adoption, regulatory clarity, and why Mercer believes tokenization could have an impact on capital markets similar to the rise of derivatives.
They also examine prediction markets, perpetuals, and the growing role of banks in digital asset infrastructure.
OUTLINE
00:00 – Introduction
01:09 – LMAX Overview
05:29 – Stocks vs FX
08:23 – 24/7 Markets
11:03 – Omnia Strategy
17:05 – Institutional Future
23:21 – Adoption Reality
30:45 – Credit Markets
33:02 – Tokenization Debate
38:21 – Prediction Markets
Guest links:
David Mercer – https://www.linkedin.com/in/mercerdavid/
LMAX Group – https://twitter.com/LMAX
Host links:
Larry – https://twitter.com/lawmaster
Namik – https://twitter.com/NamikMuduroglu
The Block – https://twitter.com/TheBlockCo
The Block Media – https://twitter.com/TheBlockPods
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