Naveen Mallela, Global Co-Head of Kinexys at @jpmorgan, breaks down why fragmented liquidity remains one of the biggest barriers to scaling digital money. He explains how shared ledger infrastructure, tokenized deposits, and real-time liquidity all depend on one thing: true interoperability between today’s Web2 banking rails and emerging Web3 systems. Naveen also outlines why connecting these systems with new blockchain environments is essential for the next phase of global payments. His view is clear: nothing reaches meaningful scale until liquidity can move freely across all of these environments. Catch the full episode of Money Code with hosts @chuk_xyz and @rparekh: Powered by @BVNKFinance