FCAT Crypto Brief™

In this episode, the team covers the growing intersection of crypto and artificial intelligence, exploring how digital assets, agentic payments, and decentralized infrastructure could shape the future of autonomous systems. Join us as our hosts discuss whether blockchain could serve as the financial layer for AI agents, the role of stablecoins in machine-to-machine payments, emerging cybersecurity considerations, and what lessons the crypto industry may offer as AI adoption accelerates.  Along the way, we’ll debate agentic finance, open-source versus frontier AI models, and risks and opportunities associated with handing increasingly complex decisions to autonomous systems. Episode Topics: [00:00] Welcome and introductions [01:44] Unpacking the Binance hack [05:34] Where crypto and AI converge [12:04] Agentic payments on-chain [14:49] Examples of real-world AI adoption [23:02] Open source vs. frontier models [26:28] Final thoughts and outro Stay connected with us beyond the podcast by following FCAT on, Instagram, LinkedIn, and X, where we share additional insights and updates on all things emerging tech.  Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: FCATalyst.com FMR LLC. © 2026 FMR LLC. All rights reserved. Chapters (00:00:00) - Welcome and introductions(00:01:44) - Unpacking the Binance hack(00:05:34) - Where crypto and AI converge(00:12:04) - Agentic payments on-chain(00:14:49) - Examples of real-world AI adoption(00:23:02) - Open source vs. frontier models(00:26:28) - Final thoughts and outro

This week on the FCAT Crypto Brief, the team explores two security stories making waves across the ecosystem. First, they unpack a recent hardware wallet supply chain exploit, how attackers were able to compromise devices before they reached users, and what the incident reveals about operational security, self-custody, and the evolving risks facing crypto holders. Then, the conversation shifts to quantum computing. From recent breakthroughs involving so-called "magic states" to ongoing industry efforts to prepare for a post-quantum future, the hosts break down key topics, why they matter, and how stakeholders are working to prepare for a potential "Q-Day.” Episode Topics: [00:00] Welcome and introductions [04:27] About Aave [12:38] Product approaches and roadmaps [19:38] Strategies to address on-chain threats and market opportunities [25:06] Final thoughts and outro Stay connected with us beyond the podcast by following FCAT on, Instagram, LinkedIn, and X, where we share additional insights and updates on all things emerging tech.  Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: FCATalyst.com FMR LLC. © 2026 FMR LLC. All rights reserved. Chapters (00:00:00) - Welcome and introductions(00:01:31) - Overview of the recent hardware wallet exploit(00:10:01) - Quantum updates(00:26:32) - Final thoughts and outro

As decentralized finance continues to mature, traditional and blockchain-based financial systems are becoming increasingly interconnected. On this episode of the FCAT Crypto Brief, Stani Kulechov, founder and CEO of Aave, joins our hosts to discuss the evolution of on-chain lending, the growing role of tokenized real-world assets, and how public blockchains are enabling new approaches to financial infrastructure. The conversation explores Aave's approach to lending markets, collateral, product design, and risk management, and what these developments may mean as traditional and DeFi systems become increasingly intertwined. Episode Topics: [00:00] Welcome and introductions [04:27] About Aave [12:38] Product approaches and roadmaps [19:38] Strategies to address on-chain threats and market opportunities [25:06] Final thoughts and outro Stay connected with us beyond the podcast by following FCAT on, Instagram, LinkedIn, and X, where we share additional insights and updates on all things emerging tech.  Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: FCATalyst.com FMR LLC. © 2026 FMR LLC. All rights reserved. Chapters (00:00:00) - Welcome and introductions(00:04:27) - About Aave(00:12:38) - Product approaches and roadmaps(00:19:38) - Strategies to address on-chain threats and market opportunities(00:25:06) - Final thoughts and outro

Recorded live at Boston DAO, join our hosts as they discuss key trends shaping crypto, the evolution of DeFi and decentralization, and how some of the industry's biggest past predictions compare to today's ecosystem. Episode Topics: [00:00] Welcome and introductions [02:07] Trends in tokenization [10:30] Privacy on-chain [14:04] DeFi vs. decentralized finance [18:25] Past trends and current applicability [25:04] Outro Stay connected with us beyond the podcast by following FCAT on, Instagram, LinkedIn, and X, where we share additional insights and updates on all things emerging tech.  Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: FCATalyst.com FMR LLC. © 2026 FMR LLC. All rights reserved. Chapters (00:00:00) - Welcome and introductions(00:02:07) - Trends in tokenization(00:10:30) - Privacy on-chain(00:14:04) - DeFi vs. decentralized finance(00:18:25) - Past trends and current applicability(00:25:04) - Outro

Could blockchain unlock new ownership opportunities for renters? Groma's Seth Priebatsch and Chris Lehman join the FCAT Crypto Brief to discuss tokenized real estate, on-chain REITs, and how they're looking to help renters build something akin to equity as part of their existing lease. The conversation explores different approaches to real estate tokenization, perspectives on liquidity, and the economics driving these real-world assets. Episode Topics: [00:00] Welcome and introductions [00:51] Groma's origin story and vision [04:45] The opportunity in multifamily real estate [12:11] Approaches to real estate tokenization [15:44] Liquidity and market structure [21:01] Ownership economics and rentvesting Stay connected with us beyond the podcast by following FCAT on, Instagram, LinkedIn, and X, where we share additional insights and updates on all things emerging tech.  Whether you're crypto-curious or have a crypto foundation, Fidelity may have your next career opportunity. EXPLORE NOW. Please remember: this podcast is solely for informational and educational purposes and is not investment, tax, legal or insurance advice. Digital assets are speculative and highly volatile and you should conduct thorough research before you invest. To learn more, visit: FCATalyst.com FMR LLC. © 2026 FMR LLC. All rights reserved. Chapters (00:00:00) - Welcome and introductions(00:00:51) - Groma's origin story and vision(00:04:45) - The opportunity in multifamily real estate(00:12:11) - Approaches to real estate tokenization(00:15:44) - Liquidity and market structure(00:21:01) - Ownership economics and rentvesting