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.

AccessTimeIconJul 18, 2019 at 1:00 p.m. UTC
Updated Sep 13, 2021 at 11:12 a.m. UTC

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."

"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.

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