
The Future of Tokens
Let's TalkCompanies Mentioned
Categories
Ribbit Portfolio
Opportunities
Cap-Ex Plays
Letter Summary
The Token Revolution: How Tokens Will Transform Finance, AI, and Every Industry
“Over the next decade, how you create, transform, source, store, and distribute tokens will define nearly all companies on the planet. Every business is becoming a supplier to, builder of, or orchestrator of token factories.”
Google processes 480T+ tokens monthly (~50x growth)
42M+ tokens launched on-chain (120x growth)
Visa has deployed 11.5B tokens globally (115x growth)
Inference costs dropped 1000x in 3 years
AI Foundation Models & Labs
(6 companies)Companies building the core large language models and AI systems powering the Token Revolution
AI Infrastructure & Developer Tools
(13 companies)Platforms and tools enabling developers to build AI applications and token factories
Fintech & Payments
(17 companies)Companies transforming financial services, payments, and digital money infrastructure
Crypto & Blockchain
(19 companies)Decentralized networks, protocols, and platforms building the infrastructure for tokenized assets
Identity & Security
(12 companies)Companies building identity verification, authentication, and data security infrastructure
Enterprise SaaS & Vertical Platforms
(31 companies)B2B software companies building 'Vertical Token Systems' - the operating systems of industries
Wealth Management & Personal Finance
(14 companies)Companies building the future of financial advice and personal finance management
Consumer & Marketplaces
(8 companies)Consumer-facing platforms and marketplaces being transformed by AI and tokenization
Productivity & Note-Taking
(7 companies)Tools capturing context and memory tokens from human interactions
Data Infrastructure & Analytics
(6 companies)Companies transforming raw data into valuable token inputs for AI systems
Other Notable Companies
(16 companies)Major technology players and infrastructure companies shaping the token economy