Share this article
WATCH: Lukka CEO Believes in a Future Full of Corporate Tokens
Lukka CEO and investor Jake Benson sees Libra's real value as a guinea pig that will allow regulators to test the limits of crypto.
By John Biggs
Updated Sep 13, 2021, 11:12 a.m. Published Jul 18, 2019, 1:00 p.m.
Make us preferred on Google
https://www.youtube.com/watch?v=xbPURod8gJA
Jake Benson is a long-time industry entrepreneur and the CEO and Founder of Lukka, a comprehensive tool for calculating capital gains taxes for cryptocurrency. In this clip he and CoinDesk Editor Pete Rizzo talk about a future where corporate tokens aren't a "surprise."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"It's not a surprise to me that inevitably corporations are going after creating their own tokens but for Facebook to be one of the first big ones is is pretty much a surprise," he said.
"If this project is going to be successful I think they absolutely have to satisfy minimum requirements," he said. "But I also believe that the onus is on them to sort of demonstrate that there's an additional level of control and transparency that might be benefits of cryptocurrency that maybe weren't even possible before."
Benson expects to see a "more compliant" future... as long as the social media giant can avoid the problem of privacy invasion associated with the platform.
You can read our complete Libra coverage here and watch our CoinDesk LIVE interviews here.
More For You
How AI is helping retail traders exploit prediction market 'glitches' to make easy money
A fully automated bot quietly captured micro-arbitrage opportunities on short-term crypto prediction markets, netting nearly $150,000
What to know:
- The bot exploited fleeting moments when “Yes” and “No” contracts briefly summed to less than $1, locking in roughly 1.5%–3% per trade across 8,894 executions.
- With typical five-minute crypto prediction markets showing only $5,000–$15,000 per side in depth, large desks would struggle to deploy serious capital without erasing the spread.
- As AI systems increasingly arbitrage prediction markets against options and derivatives pricing, these venues risk becoming reflections of broader crypto markets rather than independent sources of crowd-based probability.
Top Stories
