Fireside Chat with Andrew McCormick (Chainlink Labs) and Jill Malandrino at ETHConf

Sun, Aug 2, 2026, 12:00 AM

In this fireside chat, Jill Malandrino sits down with Andrew McCormick on his third day in a newly created head of institutional adoption role at Chainlink Labs, after nearly two decades inside trading and capital markets, most recently running a NASDAQ listed US brokerage. Andrew, who has been with Ethereum since 2015 (introduced by his dad and his enthusiasm for YouTube videos on it), explains why he left the operator seat at firms like eToro, E*Trade, and Morgan Stanley to build infrastructure now. Inspired partly by his four kids and the Mario Brothers plumbing theme, he says that after 15 years helping people navigate the plumbing of finance, he wants to build and fix it himself, and chose Chainlink Labs because it is the connective infrastructure between traditional finance and blockchain, working with firms like DTCC, UBS, and SWIFT. Andrew explains where onchain makes the most obvious difference: not just efficiency and speed, but freedom, through faster settlement. He shares a personal aha moment when moving houses from DC to New York, where a simple wire took four days, many calls, and a $35 fee, illustrating that money still doesn't move as well as it should. He walks through the settlement evolution from T+3 to T+1 to the dream of T+0, where tokenized assets moving near instantaneously via Chainlink verification reduce risk and collateral requirements while getting users their money faster. He describes his three-part role: helping firms already building (UBS, SWIFT, DTCC, JP Morgan) go deeper, educating institutions ready to start, and educating financial analysts and research writers, drawing on his lifelong passion for teaching. He identifies three blockers to tokenization: regulatory clarity (where the Clarity Act would help enormously), trust and confidence (built each time a firm like DTCC or SWIFT launches with Chainlink), and education. On the Clarity Act, he contrasts today's reliance on 1930s laws, a 1946 Supreme Court orange-grove case, and 50 differing states with a statute purpose-built for the use case. He points to signals of genuine institutional adoption (banks moving on chain, the wave of head-of-digital-assets hires, and more educational events), and closes framing Chainlink as the link connecting blockchains and TradFi, noting the builders and believers led the way and institutions are now following. 00:00 Introduction 00:33 Why Leave the Operator Seat to Build Infrastructure 00:52 With Ethereum Since 2015 01:17 15 Years Inside Regulated Institutions 01:47 The Mario Brothers Plumbing Inspiration 02:04 Why Chainlink Labs 02:27 Where Onchain Makes the Most Difference 02:56 Freedom and Faster Settlement 03:13 The Four-Day Wire Transfer Aha Moment 03:37 From T+3 to T+1 to the Dream of T+0 04:16 The Gap the New Role Fills 04:35 Helping Firms Already Building 05:01 Educating Institutions Ready to Start 05:22 Why Education Is in His Soul 06:00 What Keeps Institutions From Moving Real Money 06:00 Three Blockers: Clarity, Trust, Education 06:27 How Each DTCC or SWIFT Launch Builds Trust 06:46 From Confusion to Skepticism to Excitement 07:33 Why Trillions Are Still Waiting to Move 07:53 What the Clarity Act Could Unlock 08:27 Why Institutions Love Certainty 08:53 Building on 1930s Laws and Orange Trees 09:16 Why a Purpose-Built Statute Matters 09:42 Signals That Institutional Adoption Is Real 10:09 Why Banks Moving On Chain Signals More to Come 10:27 The Wave of Head-of-Digital-Assets Hires 11:07 Why Education Keeps Pushing the Industry 11:26 How Industry Hiring Signals Maturation 11:55 Focusing on User Experience and Policy 12:24 Why the Foundation Will Pay Dividends 12:46 Innovating in the Absence of a Statute 13:11 A Pivotal Moment to Tell the Interconnectivity Story 13:38 Why the Community Gets Chainlink 13:57 Builders and Believers Led the Way 14:24 Day Four: What Excites Him Most 14:48 Education as His Way to Teach 15:07 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _