Tokenized Gold Could Out-yield Treasuries - ‘Genius Act’ Ushers New Dollar Era | Sergey Nazarov
Tokenized Gold Could Out-yield Treasuries - ‘Genius Act’ Ushers New Dollar Era | Sergey Nazarov
Kitco News: 7-31-2025
Sergey Nazarov, Co-Founder of Chainlink and one of the most influential voices in digital-asset infrastructure, joins Jeremy Szafron for a high-impact discussion on the GENIUS Act, stablecoins, tokenized Treasuries, and whether gold on-chain can out-yield government bonds.
Nazarov says Washington’s new law is “the best trajectory the U.S. dollar has ever been on” and predicts the stable-coin market will jump from $200 billion to $2 trillion.
In this Kitco News interview, Nazarov explains why tokenized gold could generate yield, how Chainlink’s CCIP is already settling cross-border value between ANZ Bank and Fidelity International, and why retail CBDCs are off the table in America.
With Wall Street warming to stable-coins, sovereigns racing to adopt on-chain settlement, and gold buyers eyeing new yield mechanics, Nazarov lays out a roadmap that has hedge funds - and central banks - paying attention.
Key topics:
-$2 trillion stable-coin forecast -GENIUS Act and U.S. dollar dominance
-Tokenized gold: yield engine or store of value?
-Chainlink CCIP pilots with banks and funds
-Why the U.S. rejects a retail CBDC
-Oracles, proof-of-reserves, and systemic risk
-Asia vs. America: who leads tokenized finance? Follow Jeremy Szafron on Act
02:41 Impact of Stablecoins on the Financial System
12:40 Geopolitical Implications and Global Competition
23:17 Future of Tokenized Assets and Gold
28:16 Concerns About State Overreach and Surveillance
37:38 Chainlink's Role in the Future of Digital Finance
42:51 Conclusion