CompoSecure/Arculus, MetaMask, Coinbase, Karta, Ether.Fi - Stabledash Live 4/7

We're involved.

Zach, we love you, but I think you're muted, my friend.

We are muted. Are

we gonna loop this again, or are No. Let's let's just rip this Band Aid off, man. Let's just Yeah. Let's do it. You're watching StableDash live, April 7. We got a fun one today. We are live at Arculus headquarters in Somerset, New Jersey, and we're gonna have a really fun really fun day ahead. Zach was not able to join us, but

It's a little bit of, like, a stablecoin card megastream. It's been such a hot topic lately, and a lot of people don't know how ingrained Arculus, but also their parent company, Composecure, is in this ecosystem and how they power not just cards in the Stablecoin space, but as a whole.

And so we got a we got a fun lineup today going going deep into Stablecoin cards.

Yes. We do. But as always, we are gonna start with the daily yield. Zach, give us give us a little teaser of these of these three stories.

Yeah. So we have the news that are focused for primarily youth and helping parents, you know, manage, build financial literacy and and set them set them up for success later on in life. So I guess think adult you know, parent managed brokerage accounts. We have some news with SoFi launching banking services for for, you know, stablecoin, on chain service businesses. And then the third one is the sorry. I'm trying to pull these up here. The state of Canada actually kinda did a deep dive in a report diving into Aave.

So those will be our our stories that we kinda touch on. And, actually, we had one that broke this morning too, with Polymarket teasing that they will be launching their own stablecoin as well, with a pretty large, shift to their with their infrastructure that they will be building their liquidity primarily shifting away from, USDC. E, which is the bridge version of USDC going towards their own, native stablecoin.

Drew, do I still have you?

Okay. Andre, let's just let's just move it to my my my screen, and then I will start running through the the daily yield here.

Okay. Let's see. Bringing up my screen here. I'm sharing my screen. Andre, if you wanna bring that up for me. Drew didn't mention it. Some of the guests we have on today, we'll have Adam Lowe. He's the the chief innovation officer behind Composecure and Arculus bringing these these products to life. You know, they've worked with the teams, with MetaMask. They've worked with honestly, I think it's around eight they they've said a report around 80% of these stablecoin cards that you see on the market.

They've manufactured the Coinbase one metal metal card. We also have Rock joining from EtherFi. We'll have, Carta, which is a new a newer startup. They just raised some money recently. They're more playing in the, global credit on chain. So non US citizens being able to get US credit cards, with a Visa Infinite card. And then we also have Liz joining from Consensus to talk about the MetaMask card as well. So let's dive into the daily yield while I juggle a juggle a few screens here.

And so we're looking here at the Department of Treasury announced on Monday that it has designated, the Bank of New York Mellon known as BNY as a financial agent of the US government to support the implementation of the new Trump accounts program. As part of that arrangement, BNY has partnered with Robinhood, which will serve as the brokerage and initial trustee for Trump accounts. And we have Drew. He's back. So, Drew, feel free to hop in here. I'm running through Trump accounts right now.

And so when we talk about, Trump accounts, what exactly they are. So they're a new custodial style traditional individual retirement account for minors. Quite a quite a mouthful. But they're owned by the child, administered by an adult. And so this is created under federal law 2025. The program is part of the working families tax cuts provision of the one big beautiful bill act, so definitely garnered a lot of headlines last year that president Donald Trump signed into law on July 4.

The account features a pilot program contribution of $1,000 from the US treasury for children. So this is the US government giving money for these children to invest, you know, to boost The US economy, between 01/01/2025 and 12/31/2028 for US citizens that hold a valid Social Security number. So on the investment side right now, the structure is pretty narrow.

The funds in Trump's account must be invested in certain mutual funds or exchange traded funds that track the S and P 500 or another index of primarily at American equities. Again, kinda seeing that through line of this is to bolster to get you know, to build financial literacy within this next generation, not only with parents, but to their kids. And these amounts generally, cannot be withdrawn before January 1 of the calendar year in which the child turns 18.

In terms of contributions, parents and others can contribute up to $5,000 a year, while companies can deposit up to $2,500 pretax per year for children of employees within that $5,000 limit. Yep. That'll be interesting to see how people are how companies approach structuring these plans. I mean, you know, we've seen four zero one k matching. It's this is kind of a blend between the four zero one k and IRA account. Where I'm interested, obviously, we've seen Trump's pro crypto support.

We've seen the rise of these, not just Bitcoin ETFs, but even just crypto ETFs. You've seen Bitwise. We'd cover those with Matt Hoogan where they can have exposure to the broad, the broader crypto web three ecosystem with allocating some funds to to circle to coin based off while alongside Bitcoin, Solana, and Ethereum. I imagine this will expand that route, but where I'd be looking is where where's the through line for education?

How are we educating the next generation on these technologies so they're not just blindly investing Bitcoin because they saw it on the news and they wanna just get rich, that they're approaching investing into this ecosystem the same way that we're looking into investing into the S and P 500.

Drew, are you back? I've I've really Yeah. I'm back. The the news commentary here?

The news itself, I think that was the that was one of the things that seemed, just from, like, the public perception that was, at least on the timeline, what I saw is, like, one of the main things that people were like, oh, we're giving children access to, like, prediction markets and sports betting and these things that, you know, we may may not want to but but I actually I think that's personally a pretty cynical way to look at this.

I I think there's you know, if you look at if you look at the the companies that are being tapped here, BNY, Robinhood specifically, I mean, these are these are two extremely innovative you have, you know, two two of these companies, Robinhood, modern, forward thinking, super fast moving. BNY has been around for super long, extremely trusted institution. I think you have a lot of balance here.

BNY and Robinhood both are also very, very forward when it comes to the the stuff that they're doing internally when it comes to blockchain programs, crypto custody. And so I'm personally, I was really excited to see both of these companies tapped for the the back end systems that these Trump accounts are gonna get for for these families all around the world.

I love this framing. You know, Trump accounts jump start the American dream, a wealth building game changer for families across America. I mean, I have a $5.29 account. You know, that's a tax advantage accounts for college savings. But, again, it's it's felt a little bit limited, obviously, of a certain amount you can contribute each year similar to this Trump's accounts. But when my daughter turns 18, you know, I want to encourage her to go the entrepreneur route.

I don't want to just shove her into college, you know, just because that's that's what we think we should do. You know, if she wants to go pursue a startup, I would love to have an account set up where if she wants to go fund that,

by all means, please do. You know, that's that's Yeah. And I I love that these accounts are these accounts are actually being built by companies purpose built for this per for this purpose. Like, these are companies who are building tech for this reason. And I I like seeing the The US leaning into this and having companies like this do what they do best and shine where they shine. I personally have a $5.29 account that my grandfather actually set up for me. Mhmm.

And there is actually still a good amount of capital in this account because of how awful and archaic it is to try to engage. I think I have to mail based in Missouri, I have to go mail the Kansas somewhat some firm in Kansas City who Yeah. Snail mail operates these distributions to release these funds out. So it's, you know, when our kids are in this position, it's gonna be a totally different ballgame.

If you go to the next slide, I I this is also, I think, one of the the things that Joe Jebia from x x Airbnb, cofounder of Airbnb, the now head of I believe his role is head of design at the White House. He he is all over this page. It's just an absolutely beautiful if you go to this actual site and some of these other sites that I think he Joe and his team are now re reforming, I have never seen government sites like .gov sites that look and feel this way.

It's really encouraging to see the, you know, the White House putting out stuff like this that's actually it feels like a fintech landing page or something like that. So really exciting stuff. And big, big, big for BNY and Robinhood to have the position. If if if I'm on the sales team or if I'm, you know, winning that deal, that's that is a very cemented deal, I would imagine. Now now now just let me some get some Bitcoin exposure for for the for the kiddos. Yeah. There you go. Alright.

So Daily Yield story two, we got Bank of Canada pushing a really a really in-depth report on Aave finding a lot of optimism in this. So a g seven central bank validating DeFi lending. So let's dive into this a bit. And, Zach, just to confirm I'm loud and clear. Right? Yeah. You're you're good. Chop it up. So g seven Central Bank just published a formal research report on one of decentralized finance's largest lending protocols, AAVE. The headline here, will turn some heads.

So the the Bank of Canada released the staff paper. They examined Aave version three, the most widely used. It's a centralized lending protocol on Ethereum. The main conclusion, the TLDR, is that this Aave v three, reported zero nonperforming loans in a 2020 nonperforming loans in twenty twenty four twenty twenty four with overcollateralization, automated liquidations, helping prevent lender losses in its Ethereum lending market. So the TLDR, that wasn't very helpful, kind of a word word soup there.

It was a very optimistic view on the protocol. So you kind of have the meeting of the worlds here, the, you know, traditional bank on one side, the decentralized lending protocol on the other side, starting to starting to play nice with each other.

Yeah. We we we're seeing this shift right now. I think Aave v four is coming out. And, actually, just at the time line this morning, I don't know if you've actually seen, Chaos Labs was one of the two risk managers monitoring Aave. They've decided not to move forward. It's now going to be I believe it's Lama Risk. So I think it's correct me if I'm wrong, ran by the team at DeFi Lama. I'm not gonna go too deep into this.

I'd rather you read it directly from the sources, but Omer from Chaos Labs released an article, and then Aave Labs.

I don't believe Yeah. There's a story here. I I I we I haven't taken the time to look into it today, but I I agree that there's definitely a story around this. And Yeah. I was seeing that on the timeline yesterday. Go read them because

I read the Chaos Labs one first, and then I read the Aave Labs. They definitely there's there's two very different framings. The key things come down to disagreements on having multiple risk managers, the cost to being essentially a risk manager. It turns out that Chaos Labs was operating at a loss. I think they had, like, a $5,000,000 contract. They were looking to expand that. And this this just sheds a new light on kind of the underworkings of how we need to to approach d five DeFi protocols.

Managing risk is is the big one, especially in this rate environment. Saul, Luca from m zero talking about, like, we're at a stage right now where you kinda have to ask yourself, like, why would I use Aave, though? Yes. Yes. I can get yield, but when the yield is the same, if not a little bit less than than the risk free rate from from t bills, why why take on this extra risk? So, obviously, we've had milk come on. We've had other, vault curators.

We'll have a interview with out coming out soon where you can get higher yield. But, again, what what are the trade offs? Is and, again, risk is the that's the through Well between all of this and how you're managing it.

Yeah. I think Shimon said on one of our latest, episodes last week of there's no risk free yield out there. There's always some sort of risk to to note, but to see, a g seven central bank formally acknowledge that this form of automated decentralized lending, it actually works. Not just some kind of concept experiment. This is a system that has processed billions in volume with zero lender losses, and the implications for stablecoin lending infrastructure here are really significant.

And you could you could make the argument that, banks themselves could be in the position to adopt these types of systems internally to to actually update their systems and modernize how they do how they do what they do.

Yeah. And and it it it is a interesting thing. And we're seeing Aave becoming more and more embedded throughout the ecosystem. You you saw Rise, which is a payroll payroll platform. They innovate integrated Aave so that when they're you know, users holding assets on platform can get yield. MetaMask, who we'll be talking with later in the show, they have the yields or power directly into their wallet. So we're seeing this shift from Aave being viewed more as a embedded finance fintech application.

Again, with these systems powering yield, whether that's on these these fintech apps or maybe one day into this this larger banking ecosystem. I'd be curious, like, is somebody gonna white label white label Aave for a bank? But we'll see. A lot of banking talk today because our next story, we're also going to be talking about bank. Personally, one of my favorites. I love SoFi. I've been a longtime user. So

You use SoFi? I didn't know that. I love SoFi.

My wife especially loves their vault features. So kind

Did you start with, like, college? I know they were, like, really anchoring a lot of user adoption with, like, college loan repayment. Is that how you originally started?

I got I think I got into it just because, like, 2% cash back credit card, and then they kinda just slowly won me over with, you know, IRA checking account. I really like their savings their savings part of the yield is, you know, it's it's it's ballpark where where you want it, you know, anywhere floating between 34%. But I really like their vault feature where it's one savings account, but you can say, hey. I want this for a vacation fund. I want this for, my taxes.

I want this for, you know, my emergency fund, where now I instead of having to manage multiple savings accounts, I can have one savings account with one account number that routes to these different vaults. That's actually one of the main reasons, we like them personally. And then I actually like them a lot in 2020 when they did support crypto trading. So it again, it was my entry into this space. It was nice to just kinda do a one stop shop.

They deprecated that product, but now they're making a, honestly, a massive push this last year back into the space. And it makes sense. You know, their their cofounder back in the day was Mike Hagney. He's now building Figure. So

there's quite a history here with with on chain finance. So but let's dive into to this big story. Yeah. They've they've had, like, spot trading for major crypto assets for for many years, but this is, like, a whole new level of conviction. So so today, SoFi Technologies, as you said, massive company listed on the Nasdaq, announced the launch of, I love the name of this, SoFi big business banking.

Not small business, big business, a new offering that gives enterprise partners the ability to manage both their fiat and crypto banking from a single nationally chartered bank. The setup here is that companies, operating crypto today often rely on a patchwork of different providers, a bank for cash, a separate firm for stablecoins, another for custody. Moving between them can take a long time, be very inefficient.

And so SoFi big business banking allows firms to hold US dollars, convert them into stables, move funds around the clock, all within SoFi's regulated bank. And specifically here, I I think this is the the the thing that seems most compelling about this is that regulated aspect here. So as a nationally chartered bank, they have more than 13,700,000 members and over $50,000,000,000 in assets under management.

SoFi is leveraging the Solana blockchain here, which is what this announcement is, you know, that we're seeing here on the screen from Solana, leveraging Solana blockchain to allow these big large companies to manage both cash and crypto on a single single regulated platform. What I wanna reiterate you go to the next screen, we can see the four I think I yeah. The four kind of main pillars here.

You got deposit accounts, API driven payments coming soon, unified treasury tools, mint and burn functionality for their stablecoin. That's an interesting one. So you can actually go and, like, issue SoFi USD. Do we do we know who the issuer is for this one? I'm forgetting.

Don't quote me. I wanna say BitGo. I could probably do a quick search.

Okay. Yeah. You look you look this up, and then I'll round out the story. I actually am really curious who's behind the scenes doing that doing that issuance. So going into SoFi USD, we'll figure out who's doing the behind the scenes there. But SoFi USD sits at the center of this design. It's their stablecoin. Unlike many other stablecoins backed by US treasuries or assets managed by nonbank entities, SoFi USD is backed one to one by funds held in their Federal Reserve account.

This launch comes with notable roster of institutional participants. So these are companies who are publicly aligning themselves alongside this. You got Cumberland, Bullish, BitGo, Fireblocks, Wintermute, Galaxy, Mesh, Mastercard. So a really solid list of,

cool kids at the party coming You know, actually. They're they're joining. When we're looking at the issuer, it's just saying I'm looking at the the SoFi USD website right now that it's it's issued by SoFi Bank, a nationally chartered bank. I think they're they're owning the full full issuance and the right and Woah. Owning the regulatory oversight. Where I'm kind of my brain's going right now That's huge. Yeah. That's huge if that's if that's the case. Yeah.

Issued by a nationally chartered SoFi USD is issued by a nationally chartered US bank backed primarily by cash held at the Federal Reserve issued by so subject issued by SoFi Bank, which is subject to robust capital and liquidity standards. That's awesome. Where my brain is going, you know, we've got to cover sorry about that. Lead Bank recently. And, you know, you go to so many apps right now. I think it was on Cast yesterday. I was moving FIA on and out, and it's like, hey.

What's the issuing bank on this when I'm using this? It's Lead Bank. Are we going to see SoFi start to be that bank that when they're churning on these stablecoin services that they're actually the ones under under the hood? Or is this gonna be more of an internal treasury operations play with with their I think they said 5,000 institutional, clients that are just gonna wanna move money faster.

It I get the feeling that they're more going towards the lead bank, Cross River Bank route and being able to, you know, support this ecosystem and these banking products. Kinda think of, like, the Revolut model of, like, we're a financial app, not a bank, where SoFi is now equipping themselves to be that infrastructure to support all these fintech apps that don't wanna be a bank, that aren't gonna go, you know, get a national charter.

Yeah. The regulation seems to be especially in the last couple months, like, it's it's it's always been a thing, but with more of these, you know, big charters, things hitting the market and getting released, it's becoming, like, that strategy and companies who've been deploying that strategy, it's becoming a very obvious way to win. So, I'm excited to dive more into SoFi as a stablecoin focused business. I wonder if they're gonna, yeah. Think think

more that as action. Come on the show. Break down SoFi and SD. Yeah. That'll be fun. And we'll we'll get there. We'll find our way. We always do. Let's get into this last Okay. Cool. Which I don't have on our slide deck, but I know we have a banner for. I know, Drew, you were you've I think you sent the link and were like, oh.

I'm so glad you guys added this. Okay. Let's go. I think it's Yeah. I just saw this while we were, getting getting set up here in the studio, here at Arculus. But, yeah, this was big because, one, Polymarket is, you know, the one of the biggest drivers of volume when it comes to stable coins on chain. They have had such a strong partnership with Circle and USDC specifically.

And so I'm I'm when I saw this hit the hit the news this morning, I just wanted to dive dive a bit deeper into it because this is a really, really great from from what I what I could tell on the surface, a really great example of how a real company who who's pushing real volume can actually approach evolving into their own stablecoin. Like, you can start with something like USDC on Polygon and then move into more of a custom strategy like this one over time. So Yeah.

Zach, I'll let you lead this one No. I just saying of what happened. It's it's one thing to be you know, let's use Hyperliquid. This is, a great example. Right? They have these massive order books that have USDC as the base liquidity pair for for Bitcoin, Ethereum, Solana, all these spots, all these perps. They've gone in, you know, the RWA route. Where they've launched USDH, which is now directing revenue from their stablecoin back to the protocol, I think it's buying back.

Like like, 97% of the revenue goes back to buying hype. It goes back to essentially just picture it as supporting the protocol. They're not moving the current order books. They're not just saying, hey. We have, you know, a million dollars in liquidity for this trading pair. Let's just move it overnight to USDH. It's not how it's working. They're slowly adding on new markets. Well, when you think about Polymarket and how fast new markets are getting created, you know, you can say, hey, guys. We're gonna go trade.

Like, how many people are gonna open Trump accounts in 2026? Or, I don't think something outlandish like that. Well, now if their infrastructure is to say whenever money's flowing into the platform and we're creating liquidity for a trade, Where do we wanna direct it? Especially because you think how fast people are creating these markets. It's much faster than people are creating markets for, liquidity pairs. And I think one thing that stands out here, they didn't come out and say, hey.

We're launching a stable coin to make more money. Like, yes. That's gonna happen. You know, there this is gonna be a new revenue line. Ben from Braille has said it amazing. He's like, it's just Massive rev yeah. Massive revenue line. It's just good business. Right? The bigger the bigger picture here, though, is what they're talking about, when it comes to hearing their feedback. This is a full exchange upgrade. This is programmable money so they can execute trades faster, so gas can be lower.

I'm guessing they might use some of that revenue to subsidize gas fees. We're we're we've seen that across stablecoin issuance. So that that's all open orders will be canceled during a short maintenance window. Why are they gonna cancel the orders? Because the new orders are gonna go to their base liquidity pair. So, yeah, Drew, I don't know if you have any thoughts here, but it's it's similar to what even Bryce from Duvet mentioned last week.

When we're talking about these benefits of of stable points from a developer experience, from a treasury manager experience, like, the yield's the icing on the cake, but the cake is the programmable money and being able to just build better infrastructure.

100%. 100%. Yeah. This is a this is gonna be a fun token, stablecoin to to follow to see the volumes, massive revenue opportunity for them once they turn this on. Shout out to Polygon. I think this is, like, a perfect example of what type of strategy they're trying to deploy into the future. And if you go back and listen to Jamal's appearance on the show just a couple weeks ago, this is like a perfect example of that strategy coming to life. So, huge one here that we'll we'll continue to follow. But Did you see who

is issuing the stablecoin? I haven't been able to find anything like that. Maybe it's it's deeper in these developer docs.

I'm also wondering I think I think this might be one of the cases where Circle is really involved secretly or, like, not secretly, but just, like, strategically. Yeah. The Circle reserved product. Yeah. They're they're very close to Circle, so I would be surprised if they aren't getting a nice slice of the pie somehow.

Yeah. I mean, like I said, it is actually surprising to me that most of their infrastructure was built on u s d c dot e, which is a bridge version of USTC, not even exactly, a native deployment of that. So we've seen multiple instances in the past where bridged and wrapped tokens. Again, it's just another layer of risk that I I imagine as you're growing billions of, you know, of liquidity on platform, you just you don't wanna be exposed to that on top of all the other benefits.

Alright. So we're gonna we're gonna transition here. A couple couple housekeeping items. First, we gotta say a huge shout out to Defense, our presenting sponsor here for the show. Control everything you build on chain. Secure it with Defense, your go to partner for all things security and wallets. Shout out to that team. We have an awesome show ahead. We're gonna be meeting, actually, just in a few minutes with Adam Lowe.

We're here in Somerset, New Jersey at Arculus where the majority of all metal cards and and the majority of these premium cards are getting created and and manufactured both on the the hardware side, but also there's some really cool stuff happening within Arculus, which is their the the internal group that is building a lot of these on chain functions on these cards that help bring to life a lot of this stuff on chain for users on the end.

So we're gonna be actually meeting here with Adam here in a few minutes live in person. And then the next couple hours, we're gonna be meeting with a ton of these different partners, clients, people around this ecosystem, companies who have cards of their own, metal cards of their own, programs like this. And really, theme of today is the the role that cards play in in driving things like Stablecoins into the world, driving user experiences. Cards themselves are such a we talked about this.

My mind's going back to Sandeep and QED as they were talking about cast cast. We weren't able to get the cast team on the show today, but we were recently talking to them about how powerful things like cards are in this, like, top of wallet mentality for driving strong business economics and user engagement. So that's the theme of today. We're gonna be talking with Adam here in a few minutes, and then we got, MetaMask on after that, the Coinbase team, Carta, and then EtherFi to round out the day.

So all of these different flavors of cards. Actually, Zach, if you wanna pull back up that next I slide literally just staring at that. Yeah. Just to quickly go through this and we'll take a quick break as we transition here to bring Adam in. Hold on. I got a But there it's not a one size fits all approach here to cards.

And I think something that I've always appreciated about the Arculus team and Adam specifically as a key leader of this business is that the modularity of this stack is really, really unique where you can go in and actually use what you want to use within, the Arculus system to build and create certain things that you want. So, you know, a company like Coinbase versus a company like Etherfy, they're gonna be doing very different things here with with this tech stack. So,

Zach, spend, like, sixty seconds on this spectrum of what we see. Yeah. So, obviously, we're we know we know the TradFi cards. This is the you know, this is your Chase. This is your AmEx. This is your Mastercard. Well, not Mastercard. Sorry. But your cards, you know, issued by your major banks that they're using the interchange fees fees to to fund reward programs. And like I said, this is interesting. I I don't know if they can see it on here because it's kinda it's small even on my screen.

But when we're looking at the TradFi, you're seeing that, these are going to mainly compete on rewards. You may get statuses at, you know, your favorite airlines, your favorite hotels, but your funds are living on the bank's balance sheet. This is where the majority of of people are living today. At least in like, the majority of Americans are in this bucket right now. Yep. Exactly. And then now we're seeing this rise of the fintech cards. So this is think about your Revolut card.

Think about your Robinhood's probably been the leader in in this kind of space right now. We've seen a few other pops up. I don't remember the name off the top of my head where you can pay your your, you know, your rent and get cash back. They're very fintech driven built on some sort of platform that's working with an underlying bank. Like I said, you see here Revolut, Chime, Robinhood are gonna be the new ones in the main ones in this fintech area.

So it's gonna be where the funds live, like I said, on a partner bank's balance sheet. These may fund in fiat, although we're seeing some of these having the crypto funding. I think Robinhood would probably be a great example of this. And, again, these are also going to get cash back, but these ones we're seeing I don't know if you know off the top of your head, Drew. Robinhood just has a ton of, like, extra perps. Like, you see more of, like, these subscriptions. You may get, like, access to certain restaurants.

I'd say subscriptions are the big one. It's saying, hey. What subscriptions are users using? Like, this is gonna be a benefit. TradFi, Cards, they they kind of play in that a little bit, but I'd say the fintech ones are going down this route of what Shimon from Moto was talking about where it's like, what is this luxury experience?

What are these what are these tools that are you know, sure, 2% cashback is nice, but I'd rather not have to think about my VPN subscription or or maybe I wanna try out a new subscription. So definitely seeing the rise of these products. Any thought on the thoughts on the fintech cards, Drew?

No. No. We're good. I'm gonna play this quick ad spot for Arculus and shout out to them because they're hosting me today, which is which has been really fun. And then, we're gonna bring Adam in here. He's waiting he's waiting, to be let in. So I'm gonna I'm gonna play this. We'll go to break, and then we will we'll be right back.

Alright. We're going to take a quick break and we will be right back live with Adam Lowe, Chief Product Officer at Compo Secure. We will see you in a couple minutes.

It has come to our attention that a mysterious force is loose somewhere in outer space. The

mysteries of creation is there. Up in the sky? Up in the sky.

The moon and the planets are there. And new hopes for knowledge and peace are there. And therefore, as we set sail, we ask God's blessing on the most hazardous and dangerous and greatest invention on which

It has come to our attention that a mysterious force is loose somewhere in outer space.

The mysteries of creation is there. Up in the sky? Up in the sky.

The

moon and the planets are there, and new hopes for knowledge and peace are there. And therefore, as we set sail, we ask God's blessing on the most hazardous and dangerous and greatest invention on which man has ever embarked.

It has come to our attention that a mysterious force is loose somewhere in outer space.

The mysteries of creation is there. Up in the sky? Up in the sky.

The moon and the planets are there, and new hopes for knowledge and peace are there. And therefore, as we set sail,

we ask God's blessing

on the most hazardous and dangerous and greatest invention on which man has ever embarked.

It has come to our attention that a mysterious force is loose somewhere in outer space.

The mysteries of creation is there. With the sky? Up in the sky.

The moon and the planets are there, and new hopes for knowledge and peace are there. And therefore, as we set sail,

we ask God's blessing

on the most hazardous and dangerous and greatest invention on which Ned has ever embarked.

Best doesn't seem like it. Mine seems way higher.