P2P Accounting Meets Tokenized Working-Capital with Mike Revy of Bulla Network

16/07/2025 39 min Temporada 2 Episodio 3
P2P Accounting Meets Tokenized Working-Capital with Mike Revy of Bulla Network

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Episode Synopsis


 Show Notes & Summary  Travis John sits down with Mike Revy, Founder & CEO of Bulla Network, for a live-in-studio follow-up to the “Dividend Layer of DeFi” panel at Yield Day NYC.  Revy unpacks how Bulla turns invoices, purchase orders and even one-off “friend-loans” into on-chain NFTs, creating peer-to-peer accounting rails that let businesses tokenize working capital, tap permissionless liquidity pools and earn lender yield in the 10-11% range.  The conversation ranges from trucking-industry factoring to multi-chain deployment costs, stable-coin balance-sheet adoption and why 60/40 portfolios are getting a blockchain makeover.    Key Takeaways & Insights1 | P2P Accounting → Tokenized Working Capital.  Bulla mints each invoice or PO as an NFT, instantly updating the issuer’s receivables and the debtor’s payables.2 | Two-Step Liquidity:  Originators can either list claims for simple peer financing or drop them into permissioned lending pools that target double-digit APY.3 | Trucking as a Beachhead.  Short-dated freight invoices (30–60 days) are moving on-chain first—cutting expensive TradFi factoring fees and paying truckers faster.4 | Stable-Coin Tailwinds.  As U.S. policy legitimizes fiat-backed stables on balance sheets, idle USDC/USDT can finally rotate into real-world credit at scale.5 | Multi-Chain for Cost & UX.  Pools live on Polygon & ETH Mainnet, with additional user activity on Avalanche and Arbitrum. Base chain deposits give newcomers a “Coinbase-native” on-ramp with low gas.6 | DIY Credit Funds.  Any vertical lender can fork Bulla, spin up a private pool, and price its own niche receivables—turning the protocol into a “franchise” model.7 | Friend-Lend Module.  Micro-loans between wallets are minted as claim tokens, then financed in pools—bringing social lending on-chain with clear audit trails.8 | 60/40, Reimagined.  Bitcoin/ETH “equity” + Bulla invoice pools “fixed income” creates a crypto-native portfolio hedge without selling core holdings. Chapter Markers 00:00 – Intro & Yield Day Recap03:00 – What Is Bulla?  From NFT Invoices to Lending Pools08:30 – Trucking & Trade Finance Use-Case14:00 – Stable-Coin Balance-Sheets & 60/40 Portfolios18:45 – Multi-Chain Deployment Choices (Gas vs. Security)24:00 – Friend-Lend, Payroll & Pseudo-Anonymity29:00 – Future Roadmap: Wyoming Stable-Token Pools & DIY Franchises32:00 – Closing Thoughts & How to Get StartedLinks & ResourcesBulla Network: https://bulla.networkMike Revy (Telegram): @MikeRevyRWA Builders Newsletter & Media Hub: https://rwa.builders👉  Explore a live invoice pool or mint your first on-chain invoice at Bulla.network, and subscribe to RWA Radio for more founder deep dives. 

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