Web3 with Sam Kamani

EPISODE DESCRIPTION In this episode, I sit down with Milos, Lead Engineer at Enso, live at Berlin Blockchain Week. We dig into the real problem holding back DeFi builders, complexity. Audits cost hundreds of thousands of dollars, bridges are a nightmare, and integrating protocols is a full-time job on its own. Enso is tackling all of that with a single API that handles routing, security, and DeFi actions across 100-plus protocols, so developers and agents can just build. We also get into the RWA boom, the current state of AI agents in Web3, and why Milos thinks we should never forget where DeFi came from. DISCLAIMERNothing mentioned in this podcast is investment advice and please do your own research. It would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend. Be a guest on the podcast or contact us - https://www.web3pod.xyz/ CONNECT Enso Website:https://www.enso.build/Enso Twitter/X: https://x.com/EnsoBuildEnso LinkedIn: https://www.linkedin.com/company/enso-build/Milos LinkedIn: https://www.linkedin.com/in/miloscostantini/Web3 with Sam Kamani: https://www.web3pod.xyz/ KEY POINTS WITH TIMESTAMPS • [00:00] Milos explains the core problem Enso solves: complexity for DeFi developers• [01:33] Milos's personal journey from mining Bitcoin as a student in 2016 to writing his thesis on Ethereum• [03:13] How smart contract development has and hasn't changed over the years• [06:00] How Enso's API removes the need for developers to deploy integration contracts or manage bridges• [07:00] Built-in security defaults, like MEV protection on DEX swaps, that come with Enso• [07:53] Why using Enso means you don't need your own smart contract audit• [09:36] The biggest trend Enso is seeing: RWA and tokenized stocks• [10:43] How Enso lets users buy tokenized stocks using any token from any chain• [11:40] Flash loan aggregator and looping positions, what's coming next• [12:05] How Enso makes money through fee-split partnerships with integrators• [13:00] The long-term vision: becoming the most composable orchestration layer in DeFi• [14:29] Milos's take on the current hardening era for DeFi and the rise of hacks• [16:38] His most contrarian view: don't forget Web3's roots in permissionless experimentation and values• [18:23] Notable projects built on Enso including Yearn, EtherFi, and the Boiko Layer 0 migration• [20:44] Advice for builders: don't give up, explore on-chain options protocols• [22:28] Enso is profitable and actively hiring

EPISODE DESCRIPTION I sat down with Brian J. Esposito, CEO of Diamond Lake Minerals (DLMI) and a 25-year entrepreneur who has built over 115 companies across 25 industries. Brian has been in regulated, compliant tokenization for over 13 years , long before it was cool , and in this episode he breaks down exactly why most RWA projects are getting it wrong, why owning the underlying asset is non-negotiable, and how Diamond Lake is structured like a modern General Electric to bring fractional ownership of commercial real estate, music catalogs, hotels, and more to millions of people who have never had access to these kinds of assets before. We also get into the frothy AI IPO market, speculative leverage trading, and why the next FTX-style collapse would set the entire industry back years. If you care about where real-world asset tokenization is actually heading , not the hype , this one is for you.DISCLAIMERNothing mentioned in this podcast is investment advice and please do your own research. It would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend. Be a guest on the podcast or contact us - https://www.web3pod.xyz/ CONNECT Diamond Lake Minerals (DLMI) – Official Website: https://diamondlakeminerals.com/ Twitter/X – Brian J. Esposito: https://x.com/brianjesposito?lang=enLinkedIn – Brian J. Esposito: https://www.linkedin.com/in/brianjesposito/Web3 with Sam Kamani https://www.web3pod.xyz/ KEY POINTS WITH TIMESTAMPS • [00:10] Sam introduces the episode and guest Brian J. Esposito, CEO of Diamond Lake Minerals, focused on tokenizing real-world assets• [01:43] Brian shares his 25-year entrepreneurial journey , from launching 1,200 beauty brands to building a private holding company of 115 companies across 25 industries• [02:53] Why Brian took over Diamond Lake as a public vehicle: making tokenized assets accessible to people who already know how to buy stocks• [04:18] Brian's 13-year background in regulated security tokens, his relationships with INX, Securitize, and T-Zero, and what he expected after FTX collapsed• [07:22] Why true mass adoption of security tokens happens when they appear on mainstream brokerage accounts like Charles Schwab or Merrill Lynch• [08:55] The surprising fit of tokenization for commercial real estate , stable Fortune 50 tenants, 15-year leases, and fractional revenue sharing for global investors• [11:25] How tokenization democratizes access , billions of people previously locked out of IPOs and Series A-E rounds can now invest with pennies• [13:41] Why owning any asset beats cash in an inflationary world, and how even $1-2 per month in token earnings is life-changing for people in developing economies• [15:17] Lessons from merging traditional finance with digital assets , the trust gap, the UX challenge, and why regulatory silos are the biggest barrier• [18:36] How Diamond Lake decides which industries and asset classes to pursue next , and why their network and team access is their real competitive moat• [21:19] The microtransaction fee problem in fractional investing, and how controlling your own licensed exchange changes the economics• [26:01] Brian's most contrarian take: RWA firms don't actually own the assets they tokenize, and that's a ticking time bomb for the industry• [28:09] Where RWAs are headed by 2030 , projections ranging from $6 trillion to $35 trillion , and why Diamond Lake doesn't need a big slice to win big for shareholders• [29:22] The AI IPO frenzy, leverage trading, and why history is repeating the dot-com bubble in dangerous ways• [35:23] Diamond Lake's recent merger with ECI and Stillway , over $20 billion in commercial real estate transactions over 40 years , and a first tranche of $5M investment announced• [37:18] Brian's closing philosophy: treat every dollar that comes in like it's your grandmother's, build sustainably, and let million-dollar deals grow into billion-dollar deals

I sat down with Mitch from Steelwave at BTC Vegas to explore how one of the West Coast's most established real estate developers is bringing institutional-grade assets onto the blockchain. Steelwave has done over $24 billion in acquisitions, building campus-style properties for tenants like Google and Anduril — and now Mitch is on a mission to give international family offices and eventually everyday investors access to deals they were previously locked out of. We talk about the tokenization roadmap, why power is the single most valuable commodity in real estate right now, how AI companies are driving 20 million square feet of lease demand in Silicon Valley, and why the next generation SPV could be a global syndicate of investors from China, Africa, and Australia all coming together on a single deal. This one gets into the real mechanics of how private real estate becomes liquid — and why the window to act is right now. Connect with Steelwavehttps://www.steelwavellc.com/token-labKey Points with Timestamps• [00:00] Mitch teases the core thesis: 20 million sq ft of AI-driven lease demand and tokenization as a liquidity layer for family offices• [00:41] Sam introduces himself — 5 years podcasting, 400+ founders interviewed, occasional angel investor• [01:22] Mitch's origin story: found a crypto volatility hedge fund, spotted a gap for institutional-grade real estate on-chain, joined his father's firm Steelwave• [02:24] What Steelwave does: campus-style premium real estate for tenants like Google and Anduril, formerly known as Legacy Partners• [03:22] The Westfield San Francisco moment — why real estate values crashed post-COVID and why that's now the best buying opportunity in a generation• [04:39] Sam's perspective on the global demand for US-based assets and why real estate remains far harder to access than equities for international investors• [06:03] The Anduril deal: Steelwave bought the LA Times printing facility in Orange County and it became Palmer Luckey's Anduril headquarters• [07:40] Plans to fractionalize: starting at $50M minimums with family offices, then introducing token liquidity in 12–18 months for secondary market access• [08:54] The next-gen SPV model — syndicating global investors from China, Africa, and Australia into a single deal• [12:26] Where tokenized assets will trade: likely international exchanges first before entering the US market• [13:30] The hardest part of the business: connecting next-gen crypto capital to old-school real estate financial structures• [14:43] Expanding beyond real estate — sports teams, esports, TV shows, athletes, and cricket teams in India as the next tokenization frontier• [17:14] Why BTC Vegas matters: Bitcoin capital is maturing and looking for scalable institutional assets to deploy into• [18:18] Mitch's asks: capital partners, team members who understand the space, and the right regulatory framework• [19:23] How Mitch pitches family offices: lead with the real estate, sell the tokenization as a liquidity unlock that cuts lock-up from 8–10 years down to 2–4• [20:04] How Steelwave builds trust: $24B in acquisitions, zero bad assets, deep broker relationships across West Coast markets• [21:17] 2026 real estate outlook: 20 million sq ft of AI-driven demand in Silicon Valley, tech giants scaling infrastructure, 12–24 months to buy before institutions pile back in• [23:17] Power is king: if a site has power capacity, it gets a tenant immediately regardless of what's built on itDisclaimerNothing mentioned in this podcast is investment advice and please do your own research. It would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend. Be a guest on the podcast or contact us - https://www.web3pod.xyz/