# Axal, backed by a16z CSX and CMT Digital, targets American paychecks with stablecoin yield

Neo, a Stabledash show. Aug 24, 2026. Ash Ahmed.
https://live.stabledash.com/shows/neo/episodes/axal-is-going-after-the-american-paycheck-starting-at-direct-TkI8L2BCWg8

Axal CEO Ash Ahmed is selling directly to young US earners as a passive wealth app, not a neobank, and wants a cut of every direct deposit.

Axal, a New York wealth app backed by a16z CSX and CMT Digital with angels including MoonPay CEO Ivan Soto-Wright, is going straight at American consumers. CEO Ash Ahmed says dollars held in the app earn 6 to 10 percent APY, routed across stablecoin lending markets.

## A wealth app, not a neobank

Ash Ahmed says most neobank and stablecoin activity he sees happens outside the US or inside a US institution, and Axal is "super, like, US focused." He avoids the word neobank, saying it "means absolutely nothing" to people on the street, and pitches the product as the best wealth app instead.

Yield on dollars comes mostly from Morpho vaults. Axal also offers Bitcoin and tokenized gold through a Paxos partnership that trades below spot, with yield on both. The mobile app launched in November 2025 with MoonPay, followed by virtual bank accounts with onchain yield through Axal Yield.

## Posters and Minecraft videos

Distribution runs on posters put up around New Jersey by NYU interns. Ash Ahmed says attribution is tight enough to show one gold-bar poster in Hoboken producing 10 downloads and 2 deposits. He adds that a kid who explains concepts over Minecraft parkour videos has a referral link that does better than more serious placements.

## New grads and plain English

The core user, Ash Ahmed says, has just set up ADP for a first job and is "absolutely not okay" with a checking or savings account paying 0%. He says Axal explains overcollateralized lending to them in plain English. Bank transfers are the first funding option, built with the Bridge and Stripe teams, because that is "how you move significant size."

## Three assets, no card yet

Ash Ahmed keeps Axal to three assets, "Dollars, Bitcoin, gold," and calls a debit card a poor wedge for the American market, though he expects a card may come down the line. Through Denari, he plans tokenized S&P exposure, and says lending those stocks for yield needs deeper liquidity first.

## Splitting the paycheck

His "dream wealth plan" is 50% in high yield savings, 25% in the S&P, 10% Bitcoin and 5% gold, split automatically from each paycheck. Ash Ahmed says a user texted a screenshot showing 95% of his ADP paycheck going to Chase and 5% to an Axal virtual account.

Ash Ahmed calls himself "the king of passivity" and wants Axal to be the passive wealth hub, with active trading done elsewhere. He is betting that young US earners will hand a slice of each direct deposit to an app they rarely need to open.

## Key takeaways

1. Axal is a New York wealth app backed by a16z CSX and CMT Digital, with angels including MoonPay CEO Ivan Soto-Wright.
2. Axal says dollars in its accounts earn 6 to 10 percent APY, mostly from Morpho vaults, alongside Bitcoin and tokenized gold through Paxos.
3. Ash Ahmed wants paychecks split automatically across savings, stocks, Bitcoin and gold, and says one user already sends 5% of his ADP paycheck to an Axal virtual account.

## Chapters

- 0:00 Intro and welcome to Ash Ahmed of Axal
- 1:42 Axal sells itself to US consumers as a wealth app
- 3:28 Posters and micro influencers bring in measurable signups
- 4:47 New grads with first paychecks are the core users
- 8:25 Moving savings is harder than funding speculative crypto apps
- 9:27 Bank transfers and yield rebalancing hidden behind a simple account
- 13:15 No debit card because users want more assets
- 16:17 Tokenized stocks through Denari enable automated paycheck allocation
- 20:08 Paycheck splits at the direct deposit level are live

## Transcript

**Host** (0:00)

Value transfer is nothing new. Hunt, gather, trade, expand. An exchange that's older than instant, where the strongest prevail and the fastest survive. The function remains as its form continues to accelerate forward.

**Host** (0:46)

Man, we're rocking out to that one. I love this vibe. Yeah. The neo vibe is great. Ash, what's up? Welcome to the to What's up, guys? You, Ben. Great to see you. Hey. What's the Jack coming on, man? Doing good. Good to see you. Thanks for... Thanks for following you guys for a while.

**Host** (1:00)

Long Yeah. No. I feel like we've had the odd DM every once in a while, but, I mean, hey. Time flies. Growth happens. Yeah. I I mean, I remember our last conversation. You were you were teasing, hey. There's more things. There's more assets coming. We'd love to just kinda follow throughout this journey of, hey. You talked about it. You've done it. And I love what Zach Hughes. He just... You know, you were just chatting with him in the green room. Distribution is the wedge, the moat, the goat.

Was I just saying I admire that I know you guys are active on Instagram, TikTok. You're very different neobank, so to so to say, than, you know, the con... The card for contractors in emerging markets. So bring us into your view of the world, what you're building at Axle, maybe what's changed,

**Ash Ahmed** (1:42)

what's different about your view of what a high yield bank account may be than some other people. We can start to dig into some of the weeds here. Absolutely, man. I mean, the fun part about what we're doing... I grew up in Boston. Live in New York right now. We're super, like, US focused, and I think, like, a lot of what I see on my XP to most people see related to neobanks and stablecoins. We've seen it all happening, like, outside of The US, or it's, like, some US institution that's doing it.

And the fun part about our goal at Axle goes straight to American consumers. And that's been what a ride over the past few months, like, everybody from, like, 80 year olds in Texas to, like, college students that are right down the street. But to put it really simply, also the beauty of building a consumer, you gotta be really concise and punchy with the messaging. The word neobake means absolutely nothing to, like, almost anybody just walking down the street. Best Wealth app, that's what we've gone with.

Like, the Best Wealth app, the best place to build wealth. The word wealth is good. Like, anybody on earth, but especially in The US, you you immediately think of a couple of things. Like, I always get this, like, image of a gold bar, but I also just picture, like, cash, dollars, gold, Bitcoin. That's what we have today. Just Axle is the best for each of those assets. Of course, we diversify across a bunch of stablecoin lending markets to get you six to 10% APY on your cash, and that's been the hook and the wedge.

But, yeah, we've since added on Bitcoin, cheapest place on earth to buy and sell it with yield on it as well coming fully from decentralized protocols, mostly these Morpho vaults today. We've been partnered with Paxos. We're getting you access to tokenized gold, trades below spot. You can get yield on that too. So that's the state of Axle today. As far as, like, biggest updates and changes, just like you guys were alluding to, distribution is king, and we've been going hard to paint on that.

Tons of stuff on Instagram, tons on TikTok. We put up posters around New Jersey just a couple days ago with this army of the two that we have right now. Like, there is no battle that is not worth it. And the beauty of tech these days, we can see attribution. Like, this guy scanned this poster notebook in. Like, wow. That's the that's the Well, I think it's whole lot. Like

**Host** (3:28)

Tell us more about this playbook of posters and, like, these interns. Who are these interns? Who came up with the idea of this? Like, break break this down more for us.

**Ash Ahmed** (3:37)

We had such a fun... I almost view it as, like, a lot of our distribution strategies and ideas come from, like, team lunches. Like, every day, we do, like, 12:30. Some engineers just like, hey. Let's go get your foot. Let's go grab lunch. We all come back, and we rip on just, like, funny videos or ideas. Like, this stuff naturally comes up. And a lot of my Twitter feed is, like, these companies and I said, putting, like, things on trucks and driving around and, like, posters and all that.

And I was like, let's give that a shot. Intern, just a lot of MIT students, the beauty of just having people here. I I can't believe you found that so quickly. Thought the Yeah. Cheap and cool.

**Host** (4:08)

I love this. I mean, it's super clear. How's it been affecting you? Like, walk us through this. Been good. The website, actual.com/goal,

**Ash Ahmed** (4:16)

and then the QR code goes straight to the app. We have attribution tracking, so we can literally see... And it gets cool with the posters because it's physical location. Like, we know which one words we're putting up in different locations. You can just straight up see, like, this poster of a gold bar, like, the 10 downloads, and then two of those downloads ended up depositing. But, yeah, everything from that. We do the same with micro influencer partnerships as well.

Like, I I can go down that rabbit hole, but the the kid who made these Minecraft parkour videos, and he explained concepts while you watched, like, a Minecraft character jumping, the most random thing. And

**Host** (4:47)

his his ref link does better for us than, like, other more serious or sophisticated things. It's just... It's shit that you would never imagine. You know what I mean? Is it... So, like, would you say... Maybe this isn't your ideal persona, but this is one of the personas. Like, it's that kid that is 18 that he just started working. He... And, like, is it... Is he going through, like, do I use Wealthfront, or do I use Axle? Like, it's the guy that is just starting to save up because he realizes that he needs to.

But you also mentioned the 80 year old, so maybe we could talk about that dichotomy.

**Ash Ahmed** (5:19)

But is that, like Yeah. I mean, hey. Is that who you The beauty of, like, any startup, like, you get people all across the spectrum that as far as, like, folks that we're really excited about, I think this ICP of, like, young tech professionals... How young do you go? It's been a debate, but exactly as you put it. Like, you just graduated, and this... The summer right now is very interesting. Like, I had 10 calls yesterday with all these students that just graduated from, like, NYU or other universities.

They just set up ADP for whatever job they might be doing, in tech and finance, consulting, health care, whatever it might be. And they start to think for the first time in their life, what should I do with money? And, actually, even out of our own interns, like, hired one of them full time in June. Set up a Vanguard account for the very first time just because a friend mentioned Vanguard. So catching people at this key moment in life, either Yeah. All event related to wealth.

And Wealthfront did this really well back in their early growth days. They would target, like... I believe it was Twitter employees at the time, but they would just track them the moment before an IPO and try to go and get them to use WellFront. For me right now, we've had this vein of excitement with recent new grads that are finally getting a decent paycheck, and they don't know where to put that. They are willing to go and explore something that's new.

They are absolutely not okay with the checking account or savings account paying 0%. A lot of them already have a Marcus account or a Wealthfront account set up, and it's just a little clunky. The UI is a little outdated. Yep. But when I go in, of course, you hook them with, like, let's say, this higher yield, and everybody asks questions. Where did the yield come from? Honestly, like, you just tell them the truth.

Like, there's no better way to describe, like, how this stuff happens than just in plain English describing how over collateralized lending works or, like, what the genius and what implications are for stablecoin lending markets or what is USDC. Like, I think too many people try to, like, almost not in a nefarious intent way, but, like, people just don't say state all of it, which actually makes it harder to convert those users online. But, yeah, new grads have been interesting for us. So we're looking at this.

Where in the in the platform would you be explaining this? Or what is what is the you know, I'm on the App Store here. I'm kinda scrolling through it. Where do you actually communicate

**Host** (7:10)

and answer those types of questions, like where yield comes from, things like that?

**Ash Ahmed** (7:14)

Yeah. Time and place for everything. We got a ton of articles on our Substack, which is one channel. Even in the Instagram videos for, like, every couple of, like, funny office skit videos that we do, we'll put in... Like, we're calling it money minute. That's, like, our segment, similar to you guys. And, like, in that, it's, like, a funny explainer of, like, a concept, and those... They maybe don't get as many views, but it's still funny and relatable.

And the person who's watching the funny videos goes and sees those descriptions in the app. Honest to god, my phone number is the support number, and I get, like, maybe a hundred twenty minutes a day. Like, half of... I got the best sign of, like, where we're at. Like, most of my my days are filled with, like, answering random questions. And then real random, we get a win. It'll be like some guy who has $5 in the f, and it's like, I'm spending so much of my day just helping this guy out.

Eventually, comes in with, 10 k, and I'm just like, wow. Like, hell yeah. It was all like Yeah. He just got, like, a random paycheck or he tells his homie, and it's just like, you know, like, again, but you can't... Like, and in this world, we want very, like, clean attribution, and we wanna know that the actions that we're taking are gonna have immediate results. And it's like, there's a testament there to saying, like, hey. Just, like, be a servant.

Serve serve your customers and trust that, you know, something good will come out of it, that, like, good... Goodwill begets and creates goodwill. Yeah. I completely agree. I mean, this is especially true for money, and I think the thing that the crypto space has not seen as much because great to do that haven't gotten big enough. It's true for, like, wealth and proven money. Like, it's not as true for, like... I love the FOMO guys. Absolutely love them.

Love, like, half of these, like, more, like, consumer fintechs that are breaking out. But I would say the barrier to entry to get a guy to, like, Apple Pay and $10 to buy Meme Coin is such a different battle than the battle that we have to even get $5 out of your Chase account or out of your Vanguard or your Wall from home. So, like, proven this is the store of value. This is the hub, and my mission, of course, is to be the hub for somebody as well.

That educational battle might take time, and there's no totally predictable linear path. So our solution, do it all, meet people where they are, answer everything, but just be super relatable. Like, I... With some guy at... On the team always uses the phrase, like, barbell. Like, product is the most buttoned up, serious, proven of assets. And then, like, I love that our distribution is just, like, funny and relatable. Absolutely love it. Like, funny Instagram videos.

We had a we had a kid drop off a bunch of Celsius cans this morning. He works at Celsius. We're gonna go and give them a mountain park for folks to download Axle. Just all this stuff, man.

**Host** (9:27)

I would love to, just given the segment here, take what you just said and and kind of whiteboard this a little bit. Right? So you have Yeah. Like, this segment for us, Neo, we're really we're really trying to dive into what might look similar on the outside in terms of what's getting built and, like, this kind of neo banking. The reason why we wanted to do this was, like, everyone's like, oh, we don't need more neo banks. Neo... There's too many of them, whatever.

You know, we wanted to really expose the nuances that go on behind the scenes with how you wanna build the market and position these things. So taking what you just said, you have one side, which is like FOMO, different use case, lower value in terms of the transactions, maybe more speculative, short term minded, and then you have Axle. This is like the wealth side of the spectrum, longer term trust.

When you think about the infrastructure here and how you've chosen to build this business on the back end, the first time I heard about you guys was when you launched with MoonPay and Iron specifically. Think at that time, we're building really closely with them. And as we were close to the Iron team, we saw you. Like, they got really behind this launch, and, like, I think that was the first time I saw you guys.

Speak a little bit about the nuances of how you've chosen to build and maybe some of the decisions you've made that could be unique because you're on this side of the spectrum versus

**Ash Ahmed** (10:56)

the other? How do you think about that? It's an amazing question. And the beauty of it is, like, you can just see it in the apps. Like, when you click the add funds button, it is the truth for any fintech out there. What is happening behind the scenes and under the hood? BOMO, amazing stuff with Apple Pay. I'd argue that they have the best Apple Pay to, like, get money in the app flow out of any consumer facing, you know, on blockchain real that they've encountered. It just works. It's totally headless.

It's it's amazing. On the flip side, when you think about moving, like, sides into an app, so for an axle, the first option you'll see is bank transfers. Depending on your region and depending on the amount, we have, like, a bunch of different providers under the hood. But bank transfers are how you move significant size. And if you're in The US, you can't just see a virtual account, account and routing number. You expect a Plaid style flow.

And work closely with the Bridge team and the Stripe team as well on that stuff, but looks and feels like any other fintech app that you've downloaded. KYC within a minute, Connect Your Bank, I just search Ash's Chase College account, and then I can move funds over. So I think that's, like, one important area of info that we're, like, constantly optimizing. Just bank transfers are essential, and that's where I think we shine and we're best in class.

The flip side of that too is, like, the actual yield portion of the app. And you think every every... Everybody thinks neobanks, they just offer on chain yields. Some are up for on an Aave or more. There is so much under the hood that has to happen, and, like, you guys certainly aren't strangers to that when you think about all the stuff that's in a defi. Rates are always changing. Liquidity is always changing. There's new versions of u... New new stablecoins all the time. And I think our job at Axle...

And you actually have it on the screen here, abstracting this away from users. Like, there is so much stuff that we want people to see and get into. But if... When they open their account, they should see $5,000. I've earned $3 today. I've made this much in lifetime yield. It should look and feel like a modern bank account. Like, this is what I wanna see. I wanna see I'm earning 7.4%. I have a little bit of idle money here. Move it into earning. Withdraw when I need it.

And then if you go to, like, earnings breakdown in the app and you keep going, you can see, oh, my my $4,000 is broken across all these different vaults that are out there. Axle has a rebalancer where every block we're going and we're optimizing and moving within risk parameters, the one with the best APY. So that's a key portion of it.

**Host** (13:03)

Funny. Ascent. I'm like, we're, like, start at the bottom. You know, it's kinda like this. Alright. What's what's gonna happen as I scroll up? Alright. We got Robin Hood. Who's taking the lead?

**Host** (13:14)

I love it. I'm making someone too much fun. Ask you because, you know, we've seen over and over again some apps, they start... Like, card is the wedge. They start with there. It's all about spending. We've seen other people that, again, we start with yield, and then we turn on the card. You're probably the first person that we've interviewed that doesn't have a card, and I think it... It's aligned, though, with this notions of, like, building wealth.

If you're building wealth, do you really wanna make it super easy to spend money? I'm wondering, is this an intentional framing for the product right now? Is this that, hey. We just know what we're trying to do well, and right now it's building wealth and spending money is counter counter to building wealth, so we're just not doing it? Or is this is this something that's on the road map? How are... How do you think about, you know, cars in conjunction with building wealth, saving money?

**Ash Ahmed** (14:02)

Yeah. I mean, we obviously follow the card space closely. And, I mean, it's a small world, and you guys know. Like, we know people at every company when it comes to, like, the issuance side and, like, all the other peep... Folks at neovagues. Like, everybody shares tricks of the trade. Exactly what you did. Like, I do think, like, focus on building wealth. Do this thing really well. Don't do a million things yet. That's why today. I've sold three assets. Three, not, like, 3,000. Dollars, Bitcoin, gold.

The Dodari partnership stuff we're doing is cool because I think, yeah, you're also not thinking about spending yet when I think about my tier list. I'm thinking about building wealth requires me to have something like the S and P. It's a necessity. I can't... One of my roommates, live with two guys in New York, one guy's a banker. He, for the life of him, will not move more money into half so no matter how much I I beg him until I have the S and P. It's like I just don't have that asset.

And that the the word wealth for him necessitates that, the same way that my grandma in India needs gold or somebody else might need land or whatever it might be. So I think a lot more about, like, what assets are necessary and how do you do a really good job with those. Dollars and just yield on cash is, of course, so core to that, which is why we spend a lot of our time there. But, yeah, there's no doubt in my mind that you maybe do a card down the line.

Like, as you want to win more of somebody's financial life and if you become the hub, you want that just for ease of use. Like, instead of them moving money in and out of Axle, Axle is the hub, and then even spending can come out of it. We honestly just haven't seen crazy demand for it. The demand has been like, add on these tokenized stocks because then I can move more money into Axle. Or, like, your yield's not good enough. Make it a bit better without taking on more risk. Right?

All of these, like, very open ended hard to solve problems, but that's what my user wants right now. The user is not asking for a card, especially for the American consumer, and this is something we're flagging. I love my Robin and Gold card. 3% cashback is not something I can personally afford as a company to go and subsidize. Love the Plasma team too. They're doing great stuff. Like, Cashback stuff is interesting. Or... Albeit, I think it's...

Maybe they're catering, like, to to crypto folks more so with having to buy the the Plasma token and stuff like that. I just don't think this is, like, a good sustainable wedge for our marketing and for our pitch. For me, it's like APY boost maybe if I want tack on any version of this referral bonuses. We get out $5 if somebody KYC's with us, and they initiate a $100,100 dollar bank transfer. That's our, like, onboarding welcome bonus. All of that stuff comes before a card. And I...

That's not to say you don't do a card. Just I don't think it's a good wedge for the American market at all. Like, a lot of people are happy with the cards they have, and it's hard to displace them. Boxes

**Host** (16:17)

Boxes is huge, though. Yeah. Go

**Host** (16:19)

Definitely. To bump boxes. And we keep talk about this. We've even, like, gone down the route of, okay. SOX come on chain. SOX aren't good on chain unless you could do something with them. What would it look like to lend it out? Morpho balls, S and P five hundred tokenized, and, you know, putting it into into MorphoBalls, getting yield on on whatever, you know, index fund you have.

Is is that the route you're thinking, or is this, to start, simple exposure, you know, have have have a handful of stocks on chain to kinda, like, bridge that gap of savings and wealth creation. Because, again, I imagine it's a different user than just trading, swing trading. This is, like, long term buy and hold, set it and forget it.

**Ash Ahmed** (17:02)

Yeah. And I'd argue that's the vast majority of Americans. And, like, I mean, I know we live in a world where, like, you see, like, active trading everywhere, and I'm I'm a huge... I love sports betting. I love call sheet and polymarket, but that's not my life savings. Right? That's, like, a portion of my money, and I think the majority of people do want the proven stuff. It's exactly what you said to the t. Like, I think there's almost two zero to one moments here.

We're starting off with right now is the zero to one that we can control, thank god, because of The US regulatory environment. For the first time, it is possible through Denari's model, which is like an actual brokerage account under my name where there are actual equities in it, and then mid thing this digital twin in ERC 20 on multiple blockchains to represent that ownership. For the first time, I can have twenty four seven access trading of stocks on blockchain rails.

So just that in of itself, being able to have a portfolio, like a literal wallet address, be it Axle or MetaMask or something else, that can hold, like, USCC wallet shares and tokenized gold and Bitcoin and the S and P. That in of itself is magical. And I think the reason why we're bullish on it is for this, like, vision of self driving wealth or just automated wealth building. I want your paycheck to be auto split within Axle across these buckets.

Like, Ash's dream wealth plan is 50%, high yield savings doing six to 10%, 25% the S and P, maybe earning yield on it down the line, 10% Bitcoin, 5% gold. Never open the damn app. Like, I'd... I see an Instagram video. I download it. I set up this wealth plan once. I connect my bank. Every time my direct deposit hits every two weeks, it's auto invested according to this breakdown. That is just straight up not possible if you're someone who wants high yield in the DeFi world or really anywhere else.

And, like, we do, like, tens, if not twenties, of these, like, calls a day with just this new grad demographic or other prospective customers. People are sick of a million apps on their phones. So I think there's a beauty in, like, automated allocation across different assets. That's the first zero to one. The second one I won't elaborate on too much is exactly what you said. It's like, get yield on your equities. Like, that's a zero to one.

Like, if you're Robinhood user, it's a little hidden, but you can opt into stock lending where the borrower is just Robinhood securities. It pays, like, point 1%, and they're not even forced to borrow it all the time necessarily. But the the the pitch makes sense to anybody. Like, I'm already invested in this asset, be it Bitcoin or gold or S and P. Why can't I go and just put that to even more work?

Of course, don't wanna take undue risk, and there is risk involved if anybody's paying you something above the risk free rate or above 0%. But, of course, like, within reason, I wanna go and put that to work, especially if there's instant liquidity and it's on chain and verifiable. The the battle there, and I think this is a battle that Denari understands well along with everybody else, is you just need these markets to grow in liquidity. Step one is get the asset on chain.

Step two is insight borrow and supply demand and borrow and lending demand. I'm on the lending side of it. Other folks out there, be it institutions, like existing crypto borrowers, hopefully, like, just regular folks. Like, Coinbase allows you to borrow in the app now, I believe, against your crypto. They should let that... Let you do that against your token as stocks. Then these markets get good.

I don't know what the rate is for the S and P, but the same way that we said, like, the risk free rate in America today is, like, what, 3.25, 3.3. There's probably some equivalent for the S and P when it comes to over collateralized lending markets. And then I'm truly the best wealth app. If you care about the S and P, there is no better place to have it than an Xcel because it's on your phone. It's easy. It's part of a wealth plan with other assets, etcetera.

The idea of the wealth plan and auto allocation for paychecks. I mean, Drew, it's super timely given what you were just talking about with Adrian from Stakehouse.

**Host** (20:08)

I have Yeah. We were just diving into that curation of stablecoins.

**Host** (20:12)

Well, even like, where do we put funds? Like, Drew and I are both putting money aside for taxes. Where does that sit? For me, right now it's in SoFi, and I don't know, maybe it gets like two or 3%. I'm kinda like, you know, this is a very timely conversation. Drew put some of his in Coinbase in the in the high yield account. Obviously, Robin Robinhood and their Morpho Vault, it's an interesting time to think about that. I'm... Again, the less friction, the better. I'm a...

I wanna send them money, and I just wanna, like, allocate it 75% USDC, you know, maybe 20% Bitcoin, 5% gold, or This or whatever that is, and and DCA it. And and and, again, just set it and forget it once the funds hit that account. It's all This is a huge thing. It was... Yeah. It was cool. I gotta

**Host** (20:53)

cook a little bit on this because this is such a... You know, we've been talking about tokenized stocks for many, many months. But, like, if this is true, which sounds like it is, like, the first place for US citizens to go and participate in this way. Like, that's that's just absolutely a... That's a huge moment where, like, infrastructure and the application layer are finally meeting for the first time in this way.

And as as someone who personally really resonates with, I think, lot of other people who maybe they don't find themselves in this, like, extremely expert driven industry of trading, but they're actually in more of a normie use case where they're just like, hey. Yeah. Tesla's gonna be around when I'm probably on my deathbed or, like, they're not going anywhere. Yep. I'm gonna probably hold this my whole life. Yes.

If I'm long term investing in an asset like that or how I feel about Coinbase or how I might feel about Robinhood, like, yeah, I'll totally, knowing this, treat that like a... Like an asset that I can earn on, just like my house or something that I wanna hold for a long time. And that's really... Until until things like this has not been accessible to the average person.

It's only been accessible to the high net worth individuals or large institutions, and that's what gets me so excited about this is, like, these products are are, for the first time ever, hitting the hands of everyday Americans and people around the world.

**Ash Ahmed** (22:19)

Absolutely. I was gonna say, like, I mean, that's that's it in a nutshell. I am the king of passivity. Like, I want Absol to be the passive wall, though. Don't do active stuff elsewhere, but, like, this is the, like, set in for... Your analogy is perfect. Like, Tesla's around in fifty years. DCA dollar a day into Tesla or whatever, like, a portion of my paycheck into Tesla. Don't fuck with that money. Like, go and mess with, like, your bucket of, like, trading money here, but, like, your wealth.

Like, the place that your paycheck hits. Oh my god. You guys are filling it. The the place that your paycheck hits should not be idle. It should also not be straight up, like, speculation or actively traded. It should be your wealth plan. And I got a text from a user today. Like, I saw him. Like, ADP is the pay... He took a screenshot. ADP, 95% of his paycheck is going to his, like, bank. And just this morning, he put 5% of it into an Axle virtual account. So it literally says, like, Chase and then Axle.

And it's a paycheck split at the paycheck level. And we're... It's it's amazing to me that you can do this today. This is live today. ADT That's not a big way. Because that's like, would you be sharing ADT? The the first touch of

**Host** (23:17)

when somebody gets paid, like, in in in my mind, like, that is, like, the pinnacle of of where you want to be, whether you're in wealth app or spending app. Ash, this was awesome to catch up. We have to transition. Please keep us posted. I'll probably be messaging you on telegram. I I I swear I actually just messaged my wife. Hey. We need to look in this because believe it or not, she does most, like, the admin work in her finances. I was like, hey.

We're probably gonna start using this, so I'll give you my virtual account numbers. Because I think you might have just sold me. I know I've had an account, but it's more like kind like, that building trust over time to say, like, hey. Actually, like, we'll go from, like, maybe none or a little bit to, no. Like, this is my savings account. Like, I want to use this, like, a high yield savings account. But, yeah, we'd love to talk more about just, like, the product offline and and where you guys are going.

So thanks for coming.

**Host** (24:07)

Oh, sales told me. We we thought you were a guest today, but we real... We were getting a demo for Zach. It's really There's a live sales call. The only go. The only go. You're always the only. Always the only. And we know the support number who it directly goes to, so that's helpful now. So we can always get up the phone. Isn't that nice? Excellent. Awesome. Thanks for having me, guys. This was this was a lesson, man. I'm excited to follow this journey. Thanks for welcoming us into it. Thanks for having me. Cheers.

See you, man.